According to FF News, the acquisition intends to strengthen Axis Insurance's services in the wealth consulting and employee benefits fields.

The CEO of Axis Insurance, Alex Meier, emphasized that the purchase enables the firm to better serve its clients by increasing its skills in these crucial business sectors, albeit he did not disclose the deal's value.

Offering a variety of commercial, life, employee benefits, and wealth consulting services, Axis Insurance is a full-service brokerage.

The organization, which has beginnings in 1928, offers complete risk management solutions to clients locally, nationally, and beyond. Axis is one of the brokerages in Canada with the quickest growth, employing more than 350 people.

In the meanwhile, wealth advisory services, life insurance, and employee group benefits are the areas of expertise for O'Neill Group, a full-service company.

Since its founding in 1985, the company has grown to become recognized as one of British Columbia's leading advising firms. The 12-person company will now function as a practice group under the auspices of Axis Insurance, carrying on with its superior customer services.

The alliance, in the words of Thomas O'Neill, president of O'Neill Group, will broaden the company's clientele and improve the services it provides.

"Our capabilities and reach are expanded through our strategic alliance with Axis, which improves the services we can offer to our clients," he said. We have over ten years of experience working with Axis, and we are confident in our shared vision and commitment to excellence, which are firmly anchored in our common values and corporate culture. We are also thrilled to carry on offering our customers and plan members individualized, top-notch service.

"Expanding in the benefits and wealth advisory business with the acquisition of the O'Neill Group represents an exciting new step for Axis," stated Alex Meier, CEO of Axis Insurance. The modern employee and executive benefits plans from O'Neill Group help our commercial customers stay competitive by attracting and keeping top industry personnel. Healthy and productive workers are essential to the success of organizations nowadays. The O'Neill Group acquisition strengthens our benefits program and puts Axis Insurance in a strong position to grow into a preeminent national specialized brokerage.