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GroupAssur merges with Evolution Insurance
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P&C Managing General Agent with this merger
MONTRÉAL, April 20, 2021 /PRNewswire/ - GroupAssur, a Canadian Managing General Agent ( MGA ) specializing in Property and Casualty ( P&C ) insurance lines, today announced that it has merged with Evolution Insurance ( Evolution ), an MGA and wholesaler specializing in complex risks that offers its facilities, programs and services to Canadian brokers. Novacap, one of Canada s leading private equity firms, owns a majority interest in GroupAssur. Following the combination, each company will initially continue to operate under their existing brand names, with an objective of full integration in 2022.