Financial Horizons Group has acquired Odyssey Insurance, a group benefits company headquartered in Quebec.
The transaction, which closed on January 1, 2016, involved the purchase of 100% of the shares of Odyssey Insurance by Financial Horizons.
Read: Anthem to purchase Cigna
“The addition of Odyssey Insurance significantly increases our presence in the Group and [third-party administrator] marketplace in Canada and we look forward to rolling out the Odyssey Insurance product line across the country,” said John Hamilton, president and CEO of Financial Horizons Group.
Guy Papillon, president of Odyssey Insurance, added: “We needed access to distribution and we determined that Financial Horizons Group, with its dynamic leadership and strategic approach to growth, was the best fit. We are very pleased to join this great organization and are very excited about the future.”