Axis Insurance Acquires Bedrock Insurance Brokers
Dec 1, 2022
Vancouver, British Columbia: We are excited to announce, effective December 1, 2022, the acquisition of Ontario based brokerage, Bedrock Insurance Inc. dba Bedrock Insurance Brokers (“Bedrock”). Established in 2016, Bedrock specializes in construction, contractors, and real estate commercial insurance and high net worth personal lines.
Axis’ vision is to be best-in-class in every category in our industry and through meaningful connections, our purpose is to protect and serve our people, clients, stakeholders, and ultimately our communities. With the acquisition of Bedrock our reach extends to Central Canada and enables us to continue building on our industry-based practice groups and teams.
“I am excited to appoint Michael Abraham as a Senior Vice President of our Construction, Contractors, and Real Estate practice group. I am confident Michael will expand this practice group in Ontario and make it best-in-class to align with our brand strategy,”
said Alex Meier, Chief Executive Officer and President of Axis Insurance.
At the core of both Axis and Bedrock is the shared corporate value of being client-focused, understanding that people and relationships are the driving forces in our business. Moving forward, Bedrock will operate under the Axis brand, and with the support of his team, Michael Abraham will lead Axis’ Construction, Contractors, and Real Estate practice group.
“We are looking forward to the next stage in growing the Construction, Contractors and Real Estate practice group and being a part of Axis. Being a part of a best-in-class brokerage with national and international reach and resources will enable us to expand and provide more diversified risk management services. We’re excited to have the support of a large and growing brokerage, while continuing to provide our established service and expertise to existing and future clients.” explained Michael Abraham.
About Axis Insurance: Axis Insurance serves local, national, and international clients with risk management and insurance services. Our professionals analyze business and personal risk to provide advice and solutions to mitigate, reduce, or transfer those risks. With roots dating back to 1928, and over 170 employees, Axis is one of the fastest growing brokerages in the country.