About McDougall Insurance
McDougall Insurance is a company based in Belleville (Canada) founded in 1946 was acquired by Definity in October 2022.. McDougall Insurance has completed 2 acquisitions, including Cornell Insurance Brokers Ltd and Drayden. McDougall Insurance offers products and services including Auto Insurance, Home Insurance, Recreational Insurance, Life Insurance, and Commercial Insurance. McDougall Insurance operates in a competitive market with competitors including MetLife, Beneva, All Tech-Neek Electronics, New Dimensions Underwriters and ASEBP, among others.
- Headquarter Belleville, Canada
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Cornell Insurance Brokers Ltd
& 1 more
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Acquired by
Definity
(Oct 03, 2022)
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Products & Services of McDougall Insurance
McDougall Insurance offers a comprehensive portfolio of products and services, including Auto Insurance, Home Insurance, Recreational Insurance, Life Insurance, and Commercial Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Covers damages from accidents and provides financial protection.
Protects homes and belongings against risks like theft or damage.
Insures recreational vehicles and activities for outdoor enthusiasts.
Offers coverage for life events and health-related needs.
Provides tailored protection for various business assets and operations.
Funding Insights of McDougall Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in McDougall Insurance
McDougall Insurance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Definity Financial. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of P&C insurance services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by McDougall Insurance
McDougall Insurance has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Cornell Insurance Brokers Ltd and Drayden. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Comprehensive commercial, personal, and life insurance products are offered.
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2006 | ||||
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Insurance brokerage services are provided for personal and commercial sectors.
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1965 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - McDougall Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mcdougall Insurance Comparisons
Competitors of McDougall Insurance
McDougall Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MetLife, Beneva, All Tech-Neek Electronics, New Dimensions Underwriters and ASEBP, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Internet-based life, health, auto, home, and pet insurance is offered.
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| domain | founded_year | HQ Location |
Offers insurance, savings, and investment products for individuals and businesses.
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| domain | founded_year | HQ Location |
Internet first provider of funeral, speciality, homeowners, renters, and flood insurance services
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| domain | founded_year | HQ Location |
Life, health, casualty, and business insurance services are provided online.
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| domain | founded_year | HQ Location |
Offers health, dental, life insurance, and retirement benefits for school employees in Alberta.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mcdougall Insurance
Frequently Asked Questions about McDougall Insurance
When was McDougall Insurance founded?
McDougall Insurance was founded in 1946.
Where is McDougall Insurance located?
McDougall Insurance is headquartered in Belleville, Canada. It is registered at Belleville, Ontario, Canada.
What does McDougall Insurance do?
McDougall Insurance was established in 1946 in Belleville, Canada, within the insurance sector. Services encompassing life, health, auto, home, liability, and surety bonds are delivered primarily through an internet-based platform. Operations center on personal and commercial coverage needs, with a focus on the Canadian geography. Policies are managed to address diverse client requirements in risk protection and financial security.
Who are the top competitors of McDougall Insurance?
McDougall Insurance's top competitors include MetLife, New Dimensions Underwriters and All Tech-Neek Electronics.
What products or services does McDougall Insurance offer?
McDougall Insurance offers Auto Insurance, Home Insurance, Recreational Insurance, Life Insurance, and Commercial Insurance.
How many acquisitions has McDougall Insurance made?
McDougall Insurance has made 2 acquisitions, including Cornell Insurance Brokers Ltd, and Drayden.
Who are McDougall Insurance's investors?
McDougall Insurance has 1 investor. Key investors include Definity Financial.