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Release: Storm Insurance Group acquires Sheppard Insurance Service and Risk Management Ltd.
Posted: May 8, 2019

FOR IMMEDIATE RELEASE: May 8, 2019
Contact: Corrie Anderson, Director, Corporate Operations
902-434-7148 ext. 2148
corrie.anderson@stormins.ca

Storm Insurance Group Closes Acquisition Deal of Sheppard Insurance Service and Risk Management Ltd. 

The Storm Insurance Group (“Storm”), an industry leading multi-distribution insurance provider and the #2 Insurance Brokerage in Canada (Insurance Business Canada), announced today, May 7, 2019, the closing of its acquisition of Sheppard Insurance Services and Risk Management Ltd. (“Sheppard”). This marks the Group’s second acquisition in 2019 following the acquisition of Wardell Insurance Limited in Burlington, ON, on January 1, 2019. Sheppard Insurance celebrates 40 years in business, and is one of Edmonton’s largest commercial insurance brokerages.

Storm Insurance welcomes Sheppard’s team of more than 20 experienced industry professionals, as well as business owners, Grant Sheppard and Scott Zurfluh, who will continue working under the Storm Insurance Group in leadership roles. Grant Sheppard, Divisional Vice President, West Region, will lead Sheppard Insurance and A.P. Reid Insurance Retail (Personal and Commercial Lines). Scott Zurfluh will drive the growth strategy and expansion of Agile Underwriting Solutions (MGA, a Storm Insurance Group company) in the West region.

The addition of Sheppard Insurance to the Group created an excellent opportunity to strategically restructure the company and Executive team into five distinct divisions that align with our next five year business plan. We’re pleased to appoint the Executive team to the following positions:

Divisions
  • Tim Branson, Divisional Vice President, Quebec and Atlantic Retail,
  • Brett Graham, Divisional Vice President, Agile Underwriting Solutions,
  • James Malcolm, Divisional Vice President Ontario Region Retail, MyGroup Insurance & Zipsure.ca;
  • Grant Sheppard, Divisional Vice President, West Region

National Corporate Services
  • Corrie Anderson, Vice President Corporate Operations
  • Ed Marrie to Chief Financial Officer
“Our Executive team is focused on leading innovative solutions and technology, significant organic growth targets and bringing new programs to market.” said Jamie Reid, President and Chief Executive Officer, Storm. “I would like to extend a warm welcome Sheppard’s team. Our businesses will be stronger together and I look forward to the opportunities this acquisition will enable for all of us.”

About Storm Insurance Group

The Storm Insurance Group includes A.P. Reid Insurance Ltd; Agile Underwriting Solutions (MGA), ZipSure Insurance Brokers Ltd. (ZipSure.ca is Canada’s first 100% online insurance provider), and MyGroup Insurance Broker Ltd. (a dedicated group insurance division for large employers, associations and alumni organizations).
 
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