Evergreen Pacific Insurance Corporation to Acquire Revolution Insurance Services Inc.
TORONTO, CA — Evergreen Pacific Insurance Corporation (“EPIC”) announces it has acquired all of the issued and outstanding shares in the capital of Revolution Insurance Services Inc. (“Revolution”), a Canadian insurance agency licensed to sell life, accident, and sickness insurance in Ontario. The purchase price and other terms of the transaction are not being disclosed.
Klaus Zabel, President of Markers Insurance and head of the insurance division of Evergreen Pacific Insurance Corporation, commented, “The acquisition of Revolution provides us with a well-established group insurance platform, to market employee benefit plans.”
On June 14, EPIC subsidiary Markers Insurance announced it will introduce Canada’s first guaranteed issue insurance product for individuals providing coverage for medical cannabis prescriptions. EPIC plans to introduce a group insurance product for employers later this year that will include coverage for medical cannabis and select paramedical services.