Axis Insurance Strengthens Footprint with Baker Insurance Buyout
Axis Insurance Expands Operations with Strategic Acquisition
Axis Insurance Managers Inc. is thrilled to announce the acquisition of Baker Insurance, a reputable property and casualty brokerage located in Calgary. This strategic move significantly strengthens Axis’ operational footprint in the region and further enhances its capabilities in delivering premier risk management solutions.
About Baker Insurance
Baker Insurance was established in 1976 and transformed into Baker Insurance Ltd. after being acquired by Ed Baker in 2006. The firm has built a strong reputation for expertise in managing complex risks and specializes in both corporate and personal asset insurance. Baker Insurance provides comprehensive risk management consultancy services, including risk assessments, claims management, and extensive operational reviews. Their specialized insurance offerings include surety bonds and inland marine coverage.
Leadership and Expertise
Leadership at Baker Insurance is in capable hands, with Ed and Colin Baker heading the commercial lines division, alongside Shelley and Tara who manage personal lines. This division of responsibilities ensures that Baker Insurance can provide thorough coverage to address the diverse needs of clients, particularly in navigating difficult-to-place risks.
Enhancing Axis Insurance’s National Presence
Welcoming Baker Insurance into the Axis family marks an exciting chapter for both companies. Baker's long-standing commitment to delivering exceptional service and effective risk management solutions aligns seamlessly with the mission and values upheld by Axis Insurance. This partnership is expected to enhance client service and drive further growth.
A Look at Axis Insurance
Axis Insurance is recognized as an award-winning brokerage offering risk management and insurance services to local, national, and international clients. With a focus on analyzing both business and personal risks, Axis provides expert advice and innovative solutions aimed at mitigating, reducing, or transferring risks faced by clients. Established in 1928, and boasting a team of over 300 professionals, Axis Insurance has grown to become one of the leading and fastest expanding brokerages in the country.
Comprehensive Services and Growth Strategy
As a full-service brokerage firm, Axis specializes in various sectors, including commercial insurance, life insurance, employee benefits, and wealth advisory services. The firm is committed to delivering superior risk analysis and tailored solutions that effectively manage risk for its clients.
In recent years, Axis has achieved impressive growth, surpassing $380 million in written premium, driven by strategic acquisitions and robust organic growth. The firm’s success has been bolstered by the development of 16 specialized practice groups that cater to the specific needs of clients. Additionally, Axis has sought opportunities for investment in innovative companies to expand its offerings further.
An Inspiring Workplace Culture
Axis Insurance prides itself on fostering a strong corporate culture where employees can take ownership in the firm. This approach not only promotes high performance but also allows employees to directly share in the success of the company, creating a motivated and dedicated team.
Frequently Asked Questions
What did Axis Insurance acquire recently?
Axis Insurance has acquired Baker Insurance, enhancing its operations in Calgary.
What does Baker Insurance specialize in?
Baker Insurance specializes in managing complex risks, including corporate and personal asset insurance.
How long has Axis Insurance been in operation?
Axis Insurance has been operational since 1928, providing a wide range of risk management services.
What sectors does Axis Insurance cover?
Axis specializes in commercial insurance, life insurance, employee benefits, and wealth advisory services.
How does Axis Insurance support its employees?
Axis Insurance fosters a strong corporate culture allowing employees to own equity in the firm, promoting engagement and performance.
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