Canadian insurance coverage firm Agile Underwriting Options has introduced the acquisition of Owl First Dive (First Dive) for an undisclosed sum.
The acquired firm is a specialist MGA with a deal with scuba diving insurance coverage.
The acquisition, which is efficient from 24 June 2024, expands Agile’s insurance coverage portfolio to higher meet the wants of the scuba diving group.
First Dive, based mostly in Vancouver, British Columbia, supplies quite a lot of insurance coverage merchandise tailor-made particularly for the leisure scuba diving business.
It affords protection choices for people, dive constitution corporations and resorts.
Agile mentioned there’s a important uptick within the scuba diving business, with extra people and companies in search of reliable insurance coverage options.
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The combination of First Dive into Agile’s choices is predicted to satisfy this demand, delivering bespoke insurance coverage merchandise to mitigate the distinctive dangers confronted by the sector.
Agile’s portfolio of economic and private traces choices additionally caters to building, householders, hospitality, skilled legal responsibility, property, RVs and tenants.
Agile president Brett Graham mentioned: “I’m thrilled to welcome First Dive to the Agile household. This acquisition helps Agile’s ongoing dedication to construct scale and strengthen the managing basic agent mannequin to offer really tailor-made, progressive and aggressive insurance coverage options to North America.
“We sit up for working with their passionate group of workers to satisfy the calls for of this quickly increasing business.”
This acquisition follows Agile’s earlier deal in July 2021, when it acquired digital MGA Exhale Insurance coverage for an undisclosed quantity.
