Westland Insurance Group Ltd.

Westland Insurance Group Ltd.

March 08, 2010 03:01 ET

Westland Insurance Group Ltd. to Acquire Thunderbird Insurance Services Ltd.

SURREY, BRITISH COLUMBIA--(Marketwire - March 8, 2010) - Westland Insurance Group Ltd. today announced it has entered into an agreement to acquire Thunderbird Insurance Services Ltd., an independent insurance agency located in Port Alberni, BC. The transaction marks the continuation of Westland's acquisition strategy of insurance agencies through out British Columbia. The purchase will complete on March 31st, 2010. Terms of the transaction were not disclosed.

Founded in 1973, Thunderbird Insurance has served the communities of Port Alberni, Ucluelet and Tofino for over 35 years. The firm specializes in automobile, house, condo, tenant, travel and business insurance. Located in the heart of Port Alberni, Thunderbird Insurance generates over $1,000,000 in annual commissions and has 13 employees.

Alan Anderson, president of Thunderbird Insurance Services, said, "We look at this acquisition as very positive for the staff and community. We see it as a great fit as well as a great opportunity for the community to benefit from the products, markets and value a company like Westland can bring."

Jason Wubs, president and CEO of Westland Insurance, said, "I'm delighted to welcome the employees of Thunderbird Insurance Services to our firm. As a well-managed firm with highly qualified professionals and a reputation for excellent service, Thunderbird Insurance fits perfectly with the type of organization we have worked hard to build at Westland Insurance."

About Westland Insurance Group Ltd.:

Westland Insurance Group Ltd., one of British Columbia's leading insurance brokers, was established in 1980 to meet the insurance needs of individuals and businesses throughout the province of BC. Westland has grown primarily through acquisitions and provides insurance services to over 150,000 customers through 27 offices located throughout British Columbia.

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