Strategic Underwriting Managers Inc.
Dowling Hales acted as exclusive financial advisor to Strategic Underwriting Managers Inc. (“SUM” or the “Company”) in its sale to One80 Intermediaries Inc. Founded in 2010, SUM is a Canada based Managing General Agent for property, casualty and other specialty insurance products. Servicing Canada coast to coast and with offices in Toronto, Montreal and Lachine QC, SUM is one of the largest MGAs in Canada and works collaboratively with best-in-class insurers and reinsurers to design, underwrite and deliver market leading insurance products to brokers nationally. SUM is empowered with broad, in-house binding authority on behalf of the world's highest quality insurance carriers and also acts in a brokerage capacity for a broad group of insurance markets. SUM employees will join One80 Intermediaries and continue under the leadership of Jeff Somerville and Troy Bourassa in Toronto and Travis Budd and Serge Melanson in Montreal.
Target Company
Strategic Underwriting Managers Inc.
Acquirer Company
One80 Intermediaries
Acquisition Date
July 2020
Sector
Insurance
Industry
MGA / Wholesale / Program Mgr
Region
Canada
State of Acquired
ON
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