Western, which already owns 49 per cent of the Manitoba company, said the transaction has been approved by regulators and is slated to close before the end of September.

Winnipeg-based Hayhurst Elias Dudek is one of Canada's largest independent insurance brokerages, specializing in commercial insurance and employee benefit products.

Its subsidiary Securican is Canada's largest underwriter of pet health insurance through its own brand name - PetSecure.