View this article online: https://www.insurancejournal.com/news/international/2018/10/03/503338.htm
Totten Insurance Group Inc., a Toronto-based managing general agency, announced it has acquired Anderson McTague & Associates Ltd.
Terms of the transaction were not disclosed.
Headquartered in Saint John, New Brunswick, Canada, Anderson McTague has served Atlantic Canada’s independent insurance brokers since 1937, said Totten in a statement.
Anderson McTague is Canada’s longest-standing MGA coverholder for Lloyd’s, providing customized solutions to a broad range of hard-to-place and standard risks, added Totten.
Totten plans to leverage Anderson McTague’s experience with Lloyd’s as well as its detailed knowledge of Atlantic Canada to further support broker partners.
“Anderson McTague is the region’s most trusted MGA when it comes to hard-to-place-risk insurance products,” said Denis Dei Cont, president of Totten. “They have a team of experienced professionals that provide high-quality service and innovative solutions, and we are eager to leverage this combination of expertise and creativity to meet the needs of Atlantic Canada’s independent brokers.”
Anderson McTague’s president, Chuck McTague, will join Totten and report to Denis Dei Cont.
“The service commitment that we provide to our broker partners has always been our focus,” said McTague. “Joining Totten will not only help us continue to provide quick, efficient and customized products that our broker partners will appreciate, but it will also deepen our resources and capabilities.”
With offices across Canada, Totten Insurance Group supports the broker community in key segments, including commercial property and casualty, commercial casualty, healthcare, hospitality, construction, forestry, mining, professional liability and personal lines.
Source: Totten Insurance Group