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Axis Insurance Managers Acquires Canadian Broker Magnes Group

May 23, 2024


Axis Insurance Managers Inc., the Vancouver, Canada-headquartered brokerage, announced it has acquired The Magnes Group Inc.

Axis Insurance said it made its initial investment in Magnes in 2015. Financial details of the transaction were not disclosed.

Founded in 1933, Magnes is an independent insurance brokerage with more than 100 staff across three offices in Oakville, Ontario; North York, Ontario, and Longueuil, Quebec. Its team specializes in commercial insurance, personal insurance, and life and employee benefits.

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