Totten Insurance Group Acquires Brokerage in New Brunswick
- October 03, 2018
TOTTEN ACQUIRES NEW BRUNSWICK-BASED ANDERSON MCTAGUE & ASSOCIATES LTD.
Chicago, IL -- Totten Insurance Group Inc. (Totten), a national insurance managing general agency, announced that it has acquired Anderson McTague & Associates Ltd. (Anderson McTague). 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. Anderson McTague is Canada’s longest-standing MGA coverholder for Lloyds, as well as Canada’s 2017 “MGA of the Year” award winner. The company provides customized solutions to a broad range of hard-to-place and standard risks. Totten plans to leverage Anderson McTague’s experience with Lloyds and their detailed knowledge of Atlantic Canada to further support its 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 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 Mr. 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.”