DARTMOUTH, NS – Storm Insurance Holdings Inc. (“Storm Insurance”) announced today its upcoming acquisition of Sheppard Insurance Service and Risk Management Ltd. (“Sheppard Insurance”) effective May 1, 2019.
Sheppard Insurance will be the latest brokerage to join the Storm Insurance Group, which includes A.P. Reid Insurance; Agile Underwriting Solutions (an insurance wholesaler), ZipSure Insurance Brokers Ltd. (ZipSure.ca is Canada’s first 100% online insurance provider), and MyGroup Auto and Home Insurance (a dedicated group insurance division for large employers, associations and alumni organizations).
Founded in 1979 by Emily and Tony Sheppard, Sheppard is now led by business owners, Grant Sheppard and Scott Zurfluh, in Edmonton with a team of over 20 employees. Sheppard is one of Edmonton’s largest and mutually respected commercial insurance brokerages. Their team offers expertise and specializes in industries including Trucking, Aviation, Automotive, Manufacturing and Property Management. Sheppard Insurance has established long-term, meaningful partnerships with its clients, suppliers and employees based on respect. This year marks the brokerage’s 40th year in business.
Following the May 1st close, Grant Sheppard and Scott Zurfluh will continue with Sheppard Insurance in leadership roles for Storm’s Western operation. A.P. Reid Insurance (“A.P. Reid”) will move its Edmonton team into the Sheppard Insurance office. All employees in Sheppard Insurance and A.P. Reid Insurance offices will continue to service their clients under their respective brands.
“For our 40 years in business, we’ve taken great pride in the service we provide to our clients, and have built Sheppard Insurance on a foundation of honesty and integrity. We’re confident that under the Storm Insurance Group, and in keeping with A.P. Reid’s Service First mandate, we’ll continue to provide exceptional service, only enhanced by our combined industry knowledge, teams and expertise.” Says Grant Sheppard, President.
This acquisition will be Storm’s second in 2019, having acquired Wardell Insurance Limited of Burlington, ON January 1, 2019. Since 2014, Storm has opened offices in Ontario and Alberta and made a number of other acquisitions in both provinces including Robert C. Davis Insurance of Waterdown, ON, and commercial and specialty insurance broker Robinson Insurance of Edmonton, AB. The latest will bring the overall Storm employee count to 90, including 10 in Ontario and 27 in Alberta.
Proving to be one of the fastest growing brokerages in Canada, Storm plans to continue this growth with further acquisitions this year and into 2020.
“We are incredibly fortunate to have Grant and Scott and the entire Sheppard team join our organization. From the moment I met them it was clear that this was one of the most well-run, professional and skilled insurance brokerages I have encountered. The joining of A.P. Reid and Sheppard makes us one of the largest and best equipped commercial insurance brokerages in Canada.” says Jamie Reid, President, Storm Insurance Group.