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On December 1, 2025, Mode Insurance Services Ltd. (Mode Insurance Services), a respected program administrator based in Abbotsford, BC, was acquired by Specialty Program Group Canada Inc. (SPG Canada), a subsidiary of Hub International Limited.
Mode Insurance Services brings a robust suite of Auto-related products to SPG Canada’s portfolio, including new vehicle replacement insurance, enhanced limited depreciation coverage, and negative equity protection plans.
Fasken advised Mode Insurance Services with a team led by Kareen Zimmer (M&A) and included Shiva Bakhtiary (M&A), Stephanie Lee (M&A), Kristian N. Arciaga (Real Estate), Ariel Laver (Technology), Jordan Thompson (LEHR), Samuel Li (M&A), Christopher Ross (Tax), and KC Miu (Banking).
Parties
Company
Specialty Program Group Canada Inc.
Company
Mode Insurance Services Ltd.
Deal Type
Merger & AcquisitionIndustry
TransportationTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
01 December 2025