HALIFAX, March 1, 2013 /CNW/ - Jamie Wentzell, CEO, of Homburg
International Group and Mike Brien, President & CEO of Macdonald
Chisholm Trask Insurance, are pleased to announce that MacDonald
Chisholm has purchased Homburg Insurance Company Limited through the
acquisition of all the outstanding shares from Homburg International
Limited. The transaction closed on March 1, 2013.
Homburg Insurance Company Limited is an insurance brokerage with offices
in Halifax and Truro where it operates under the name C.D. Armstrong
Insurance. Macdonald Chisholm Trask Insurance, owned by Macdonald
Chisholm Incorporated, is one of the largest independent insurance
brokerages in the region. The firm has offices in numerous communities
within Nova Scotia, New Brunswick, and Newfoundland.
Mr. Wentzell stated: "Homburg Insurance has been a very successful
company for us. But as a small independent, the timing was right for us
to exit from owning an insurance brokerage. As well, this transaction
is in line with our go-forward planning to consolidate our energies and
resources in the traditional areas of real estate investment,
management and development."
Mr. Brien stated: "Homburg Insurance represented a great opportunity for
us to expand both our personal lines presence and commercial business
in both Halifax and Truro, where we already have offices. We were
impressed with the calibre of the business operations and the people.
It is certainly a good fit for us."
About Homburg International Group
Homburg International Group is involved in various and diversified
business interests and divisions including real estate investment and
management, construction and development, aviation, retail,
educational, hospitality, and other business interests in Halifax, Nova
Scotia, Canada, and Europe.
About Macdonald Chisholm Trask Insurance
Macdonald Chisholm Trask Insurance is one of the largest independent
brokerages in the region. It specializes in personal, commercial,
marine, special risks and program insurance as well as employee
benefits and financial services.
SOURCE: HOMBURG CANADA INCORPORATED
For further information:
Mr. Jamie Wentzell, CA
CEO, Homburg International Group
Mr. Michael Brien
President & CEO, MacDonald Chisholm Incorporated