FOR IMMEDIATE RELEASE
December 9, 2019 - Andrew Kemp and Lee Rogers are pleased to announce that CapriCMW has made a substantial equity investment in Rogers Insurance, and is now one of their largest shareholders.
CapriCMW and Rogers Insurance have been working closely together for over 15 years within the Canadian Broker Network (CBN) and this is the next stage of the CBN’s new business plan to achieve scale and additional capabilities by aligning the two companies even more.
Rogers and CapriCMW have many of the qualities we most value in common including:
- Wide employee share ownership
- Recognition as top employers
- Business models that attract and retain talent for the long term
- Creating customer value through independent employee ownership
- Achieving significant returns for employee shareholders through organic growth and acquisitions
The partnership brings the two organizations even closer together as they collaborate to achieve scale and deeper relationships with insurers in alignment with the CBN mission - becoming the dominant platform in Canada to precipitate the success of independent brokerages.
“We are very excited to be formalizing this strategic relationship with Rogers Insurance,” said Andrew. “As CBN members, we have been collaborating for years, sharing best practices, resources and expertise to deliver innovative products, services and solutions to our clients across Canada. We believe this alliance is a natural fit, as both companies share a commitment to independence and employee ownership, as well as similar cultures that put our people first. We look forward to working together for many more years.”
“For the 70 employee-shareholders of Rogers Insurance as well as our other employees, our insurer partners and all of our clients, this partnership strengthens our firm in many ways,” said Lee. “We are very proud to be associated with CapriCMW.”
About CapriCMW
CapriCMW is a uniquely independent, locally and employee-owned company with strong roots in BC, created through the merger of CMW and Capri Insurance. With decades of experience and specialized expertise, CapriCMW advisors provide custom insurance and risk management solutions to personal and business clients across BC and Canada. With over 400 professionals in 14 offices, CapriCMW offers a wide range of professional expertise spanning a multitude of industries, products and services.
About Rogers Insurance
Rogers Insurance Ltd. is based in Calgary, AB with nine offices across the country and over 400 employees. One of the largest independent brokerages in Canada, Rogers provides commercial, home and auto, life and benefits, and high net worth insurance services. Rogers is employee-owned and proud to be the most award-winning brokerage in Canada. Rogers is also a member of the Canadian Broker Network (CBN) and Intersure, giving it affiliated offices across Canada, the US, and Mexico.
For inquiries, please contact:
Andrew D. Kemp
President
CapriCMW
akemp@capricmw.ca
604-484-0204