Western Financial Group acquires BC Yacht

The marine insurance brokerage will remain in Sidney, BC

Western Financial Group acquired BC Yacht Insurance Brokers Inc., a marine insurance brokerage headquartered in Sidney, British Columbia. BC Yacht is Western Financial Group’s second acquisition on Vancouver Island this year.

Read: Western Financial acquires first Victoria, BC-based brokerage 

“We have developed specialized expertise and underwriting agreements with respect to watercraft and marine insurance which we will now bring to Western’s expanding network,” said Robert Raymond, founder and owner of BC Yacht, in a press release.
BC Yacht was founded in 2006 when Raymond, an experienced yachtsman, decided to sell his general insurance brokerage and primarily pursue specialized watercraft and marine insurance. The Sidney office, now under the Western Financial Group banner, will continue to operate with the same staff out of its same location at #105 – 2506 Beacon Avenue.

Read: Desjardins buys Western Financial Group

“This is a great fit for Western and for BC Yacht,” said Scott Tannas, president and CEO of Western Financial Group in a press release. “Gaining BC Yacht’s expertise in watercraft insurance will immediately benefit our customers and brokers across our network. We are excited to welcome Robert to the team.”

 

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Transcontinental Media G.P.