Magnes - Ownership and Business Overview

InsuranceCompany

Magnes Ownership

Who owns Magnes?

Magnes is owned by Axis Insurance. It was acquired on May 22, 2024.

Magnes Business Overview

Where is Magnes headquartered?

Magnes is headquartered in Oakville, Ontario.

What sector is Magnes in?

Magnes is an insurance company.

When was Magnes founded?

Magnes was founded in 1933.

Insurance M&A Summary in 2024

Out of 60 sectors in the Mergr database, insurance ranked 5 in number of deals in 2024. The largest insurance acquisition in 2024 was TIH Insurance Holdings - which was acquired by Mubadala Capital for $15.5B.

Join Mergr to view all 341 acquisitions of insurance companies in 2024, including 10 acquisitions by private equity firms, and 331 by strategics.

Magnes

The Magnes Group, Inc.

100-1540 Cornwall Road,
Oakville, Ontario L6J 7W5
Canada,
(905) 845-9793
www.magnesgroup.com

Magnes is an independent insurance brokerage specializing in commercial insurance, personal insurance, and life and employee benefits. Magnes was formed in 1993 and is based in Oakville, Ontario.


Company Summary

SECTOR

Insurance

Established

1933

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