Collectivfide in the News
Collectivfide Raises $65 Million with Farm Mutual Re as Lead Investor
September 4, 2025
Cambridge, ON: Collectivfide Insurance Group Inc. (“Collectivfide”), a unique insurance group offering centralized services to its independent broker partners throughout their network, has raised $65 million in growth equity funding to accelerate its acquisition of leading insurance brokerages. The equity funds were raised in two tranches: $45 million on March 31, 2025, and $20 million on September 1, 2025.
The investment round was led by Farm Mutual Reinsurance Plan Inc. (“Farm Mutual Re”), a 100% Canadian mutual reinsurance company.
The investment was made in-part to finance the acquisition of Miller Insurance Brokers (“Miller”), an Ontario-based independent insurance brokerage offering a comprehensive suite of insurance solutions. The Miller acquisition closed on March 31, 2025, and is Collectivfide’s 14th acquisition since inception.
Formed in 2019, Collectivfide’s shareholders represent mutual insurance companies in Ontario and across Canada that have been in operation for over a century, and the company is committed to protecting the independent broker distribution channel. By working alongside their broker partners, Collectivfide supports all facets of their operations so the brokerages can focus on building relationships within the communities they serve. Collectivfide operates under the principle that mutual insurers and their broker partners are stronger when they work together.
Tony Ngo, President & CEO of Collectivfide, commented, “Securing this investment is a powerful validation of Collectivfide's vision and business model. This funding demonstrates confidence in both our strategy and the strength of the Mutual system. With this capital, we are well-positioned to accelerate brokerage acquisitions, protect Mutual volume, and reinforce the broker distribution channel, continuing our goal of building a stronger future for Mutuals and their communities.”
By providing human resources support, marketing, underwriting, and office optimizations, Collectivfide’s brokers can maintain their autonomy while focusing on servicing their clients and community. Joining the Collectivfide network allows broker partners to benefit from being part of a large brokerage without losing their personal connections to their communities and identities.
Jean-Pierre Gagnon, President & CEO of Farm Mutual Re, added “We're proud to partner with Collectivfide. This additional investment reflects our confidence in their ability to build a strong network of high-performing community brokerages that will help protect and grow mutual volume.”
Origin Merchant Securities Inc. served as exclusive financial advisor to Collectivfide with respect to these transactions. Bennett Grant LLP served as legal counsel to Collectivfide.
About Collectivfide Insurance Group Inc.
Cambridge-based Collectivfide is in its 6th year of operation and has become a unique insurance group that offers centralized services to broker partners in their network.
About Miller Insurance Brokers
Cambridge-based Farm Mutual Re is a mutual reinsurer that offers tailored reinsurance solutions for varied insurance lines and helps mutual insurers keep their promises. For more information, visit https://farmmutualre.com
Media Contact:
Collectivfide Insurance Group Inc.
Learn more about us at www.collectivfide.com