Western Financial acquires B.C. Yacht

Western Financial Group (Western) has acquired B.C. Yacht Insurance Brokers Inc. (B.C. Yacht), as of July 1.

B.C. Yacht is headquartered in Sidney, British Columbia and is Sidney’s only specialized marine insurance brokerage.

The deal is Western Financial Group’s second acquisition on Vancouver Island this year.

“We have developed specialized expertise and underwriting agreements with respect to watercraft and marine insurance, which we will now bring to Western’s expanding network,” said Robert (Bob) Raymond, founder and owner of B.C. Yacht. “This allows us to continue strongly growing our business right here in Sidney, and it means we can offer our excellent products and services right across western Canada.”

B.C. Yacht was founded in 2006, when experienced yachtsman Bob Raymond decided to sell his general insurance brokerage and primarily pursue specialized watercraft and marine insurance.

Western Financial Group is a subsidiary of Desjardins Group, a cooperative financial group in Canada.