Canadian M&A Update

Hub acquires Pallister Insurance Brokers; Integro acquires Multimedia Risk Inc.

Hub International Limited has announced its acquisition of the shares of Pallister Insurance Brokers Ltd., a Portage la Prairie, Manitoba-based full-service insurance brokerage firm. Terms of the acquisition were not disclosed.

The Pallister operations will become part of Hub International Horizon (Hub Horizon) in its existing Portage la Prairie office. In connection with this acquisition, Dale Michie will join Hub Horizon as branch manager, senior commercial account manager, reporting to Ryan Matthews, chief sales officer, and Larry Dewis will join the organization as senior personal lines, client relationships, reporting to Michie.

Read: Orr Insurance & Investment acquires Huron Insurance Managers Group

Integro (Canada) Ltd. has also announced a recent acquisition. The brokerage acquired Winnipeg-based Multimedia Risk Inc., a specialized insurance brokerage serving the national and international film and television production industry from offices in Canada and the United States. Financial considerations were not disclosed.

Established in 1998, Multimedia Risk has brokered coverage for hundreds of film productions, including “The Expendables,” “The Mechanic,” “Midnight’s Children” and “Getaway” as well as television productions, ranging from “Heartland” and “Cracked” to “Corner Gas,” “Little Mosque on the Prairie,” “Cashing In” and “Todd and the Book of Pure Evil.”

Read: Travelers completes acquisition of The Dominion

“Multimedia Risk adds to our geographic presence and enhances our expertise in entertainment,” said Mark Rankin, president of Integro Canada, in a press release. “With Integro offices in Montreal, Toronto and Vancouver, Multimedia gives us a physical presence in a fourth Canadian city and province, Winnipeg, Manitoba, and its diversified, flourishing economy. We are excited to welcome Claude Forest and his accomplished team, and to leveraging their success across the Integro organization.”

Forest, who founded and leads Multimedia Risk, said: “We are proud of what we’ve accomplished over the past 15 years and excited at the prospect of helping Integro assume a leadership role on the international entertainment risk management stage.”

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Transcontinental Media G.P.