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HIGH RIVER, AB, July 24 /CNW/ - (TSX - WES) Western Financial Group (the
"Company") announced today that it has closed on additional acquisitions in
Alberta and Saskatchewan. The acquisition of Vet's Insurance in Coleman,
Alberta, Dunn Realty & Insurance in Wolseley, Saskatchewan, with a second
location in Glenavon, Saskatchewan, as well as a start-up office in Cold Lake,
Alberta all were effective July 1, 2008. In addition, Simpson Insurance
Agencies in Trochu, Alberta, and Woodland Insurance Agencies in Grande Cache,
Alberta were added effective May 1, 2008. Effective August 1, 2008, the
Company will be closing on the acquisition of Boyd Agencies Ltd., an agency
with two locations in Prince Albert, Saskatchewan.
The Company also announced it has increased its equity position in
Hayhurst Elias Dudek (HED) to 49% from 25%. HED is a large Winnipeg-based
insurance broker, specializing in association group insurance programs, which
also owns SecuriCan General Insurance Co., Canada's largest pet health
"We continue to expand our presence in communities in western Canada, as
well as increasing our equity investments in affiliated companies that add
significant strength to our network and overall business strategy," said
Scott Tannas, President and CEO.
Western Financial Group is a leader in providing insurance, financial
services and banking services in over 90 communities, to more than 400,000
individuals and businesses in Western Canada through its WFG Agency Network
locations, its affiliated insurance brokers, Western Life Assurance Company
and Bank West.
The Common Shares of Western Financial Group are traded on the Toronto
Stock Exchange under the symbol "WES".
For further information:
For further information: Arlene Beggs, Assistant to the President,
Western Financial Group, (403) 652-2663, firstname.lastname@example.org