Smith & Reid Insurance Brokers Ltd. acquired by BMS Group

1 minute read
12 September 2023

On September 12, 2023, BMS Group, the independent specialist insurance and reinsurance broker, announced that it had acquired Ottawa-based insurance broker, Smith & Reid Insurance Brokers Ltd.

Smith & Reid provides expertise in specialized lines of business, including construction, real estate portfolios, oil and petrol distribution and auto dealerships. 

The acquisition provides BMS with the opportunity and platform to expand into specialty retail in Canada. BMS is well known for its Affinity, Captive Management and Capacity Distribution expertise in the country. 

Gowling WLG advised Smith & Reid with respect to this transaction with a team that included Colin Green, Daniel Scott, Jessica Ward and Ian Therrien (corporate/M&A), Darrell Daley (real estate) and John Peters and Amy Derickx (employment), assisted by students-at-law Jay Lu and Syed Ullah.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.