Economical Mutual closes acquisition of Petsecure

Economical Mutual Insurance Company has completed its previously-announced acquisition of Western Financial Insurance Company (WFIC) and its flagship brand Petsecure from Desjardins Group. Financial terms were not disclosed.

Concurrent with the acquisition, WFIC changed its legal name to Petline Insurance Company. The brand name Petsecure remains the same. Petline will remain headquartered in Winnipeg.
Economical Mutual announced its intention to acquire Petsecure on May 17, 2016.

Petline is Canada’s largest pet insurance company with net written premiums in 2015 exceeding $50 million.

Ted Liu
Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal,,, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of sophisticated and advanced CPE Media Private Capital Dealbase. Ted is President of CPE Media Inc., Canada's independent, trusted and unbiased data provider tracking Canadian VC/PE, private capital industry and public market.