Clairvest Group Inc. has invested C$100 million to support the merger of Rogers Insurance and CapriCMW, forming Acera Insurance Services Ltd., one of Canada's largest independent property and casualty brokerages.

Target Information

Acera Insurance Services Ltd., formed through the merger of Alberta-based Rogers Insurance and British Columbia-based CapriCMW Insurance Services Ltd., stands as one of Canada's foremost employee-controlled property and casualty insurance brokerages. With a network of offices across Alberta, British Columbia, Ontario, and Yukon, Acera Insurance maintains its commitment to independence and Canadian ownership. Both original entities have over 45 years of rich history in the insurance industry, showcasing a solid track record of success. The leadership team, including CEO Lee Rogers, Chairman and President Andrew Kemp, and COO Bruce Rabik, drives the company forward.

Industry Overview

The Canadian insurance brokerage market is robust and continually evolving, characterized by a proliferation of services catering to personal, commercial, and group benefits insurance. The industry is marked by a competitive landscape dominated by both independent brokerages and large national players. In recent years, there has been a growing emphasis on enhancing technology-driven solutions to meet changing consumer expectations.

Alberta and British Columbia, where Acera operates, have each witnessed significant growth in their insurance markets. Factors such as increasing population, ongoing urban development, and