TORONTO – Axxima Holdings Limited, formed by five former associates of Dion, Durrell + Associates Inc. (“Dion Durrell”), announced today the management buy-out of the consulting practices managed by the former associates while they were at Dion Durrell. The acquisition includes the insurance brokerage 3303128 Canada Inc. o/a Alternative Risk Services, the Risk and Insurance Management Services (RIMS) practice of Dion Durrell, and the Montreal division of Dion Durrell’s actuarial practice.

Axxima stands for actuarial and insurance management excellence. All of the key players, including Patrick Mahoney, Joe Tontini, Julie-Linda Laforce, Norma Ibbetson, and Ryan Durrell, will be part of the new operation.

Axxima’s offices will be located at:

Toronto

36 Toronto Street, Suite 510
Toronto, Ontario M5C 2C5

Tel. 1.855.729.9462
Fax. 1.855.529.9462

Montreal

192 St-Jean Road, Suite 202
Longueuil, Quebec J4H 2X5

Tel. 450.646.2500
Fax. 1.855.529.9462

“We are very excited about serving our clients from our new platform,” said Patrick Mahoney, CEO of Axxima. “We expect a smooth transition as we have the full support of the Dion Durrell Board and all the associates currently serving our clients (about 15 in total) who are joining Axxima on day one. We look forward to continuing our long-standing client relationships, and to providing new clients with value-added strategic advice and cost effective insurance management services.”

For further information contact:
Patrick Mahoney
416.408.5293
patrickmahoney@axxima.ca