Wawanesa rebrands newest branch WSI
Wawanesa Mutual Insurance Co. has completed its acquisition of Ontario-based Everest Insurance Company of Canada and rebranded it as WSI, expanding Wawanesa’s commercial capabilities. WSI will operate as a distinct […]
Wawanesa Mutual Insurance Co. has acquired Ontario-based Everest Insurance Company of Canada and rebranded it as WSI, expanding the company's commercial capabilities. WSI will operate as a separate organization within Wawanesa, retaining the expertise and underwriting discipline that established Everest as a respected player in the specialty market.
The deal was completed in September and received regulatory approval, with Everest Canada's roughly 100 employees retaining their jobs. WSI delivers specialty insurance solutions across various sectors and will add approximately $305 million in annual premiums to Wawanesa's current commercial lines volume. The acquisition is expected to strengthen Wawanesa's position in the medium- to long-term future, allowing the company to expand into areas it previously had not been able to play in.
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