CALGARY, June 27, 2011 /CNW/ - Rogers Insurance Ltd. of Calgary has become the largest independent brokerage (with no
financial ties to any insurance company) with headquarters in Alberta
with the reorganization of its holdings in Mooney Insurance of Red
Deer. By way of a share swap, current shareholders of Mooney exchanged
their shares for shares in Rogers and Mooney is now a 100% owned
subsidiary of Rogers.
Mooney will retain its brand and the local presence in Red Deer with the
goal of becoming the dominant brokerage in central Alberta. Chairman of
Mooney, Bryan Pobihushchy stated, "This is a great opportunity for our
clients and our staff. It will lead to more jobs in Red Deer and more
options for our clients." Bryan also stated that all the shareholders
and management of Mooney remain fully engaged and will be very active
in the new corporate structure.
Clayton Dexter, Vice President of Mooney stated, "This allows me to
spend even more time with my clients and bring even more resources to
give them the best insurance programs possible".
Lee Rogers, President of Rogers noted that all of Rogers' competitors of
size are headquartered or owned by organizations outside of Alberta
stated, "We are keeping insurance decisions and jobs in Alberta and
western Canada; we are creating home-grown expertise in Calgary, Red
Deer and Fort McMurray that better serves Albertans". All of Rogers'
competitors of significant size are headquartered or owned by
organizations in Toronto, Montreal, Chicago or New York. Dealing with
over 90 different insurers and underwriting organizations, Rogers is
able to place insurance programs across Canada and around the world,
often matching or surpassing the capabilities of its national and
Rogers Insurance Ltd. through its operating subsidiaries has more than
200 staff and is unique in Canada in that it is broadly owned by 57
employees and that all employees, including those of Mooney, are
eligible to become owners. Winner of the 2009 Premier's Award of
Distinction awarded by the Alberta Chambers of Commerce and sponsored
by Alberta Employment and Immigration, Rogers has won numerous other
employer awards including being recently cited by Alberta Venture
Magazine for Honourable Mention in its Alberta Best Workplaces 2011 in
the Benefits category for its unique "Dream Program" which assists
employees with living their dreams outside of work.
SOURCE Rogers Insurance Ltd.
For further information:
Lee Rogers, President at (403) 296-2471 or
Bruce Rabik, C.O.O. at (403) 296-2484