BrokerLink, one of Canada’s largest property and casualty (P&C) insurance brokerages has today announced the acquisition of Atlantic Canada-based Archway Insurance and its subsidiaries Upstairs Finance and C.D. Anderson Insurance (collectively, Archway Insurance).
Archway Insurance is of the largest and fastest growing insurance brokerages in Atlantic Canada. Founded in Yarmouth, Nova Scotia in 1985, Archway Insurance has grown from a single location to serving more than 30 communities across Nova Scotia and New Brunswick, offering home, auto, recreational insurance solutions and more.
“We’re excited to become part of BrokerLink as it positions us to remain strong and vibrant in the
communities we serve,” said Gina McFetridge, president of Archway, who will join the BrokerLink senior management group alongside Archway CEO Michael Stack. Employees of Archway Insurance will also join the BrokerLink team. “Joining BrokerLink supports our goals to offer a progressive work environment, with benefits and career paths that attract and retain employees, so we may continue providing superior service to customers.”
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BrokerLink president Joe D’Annunzio commented: “The Archway Insurance team has built trusted relationships in the communities it serves and will continue to provide the exceptional service and expertise that customers have come to expect. Our greatest asset is our people and we have 3,000 employees nationally, with a large percentage who joined BrokerLink through acquisitions and have since enjoyed successful careers that include growth and development opportunities.”
Alongside the acquisition of Archway, BrokerLink has also purchased South Coast Insurance Agency, based in Newfoundland. South Coast Insurance has locations across the Atlantic province, offering its customers home, auto, commercial, marine and life insurance solutions since 1978. The employees of South Coast Insurance will also join the BrokerLink team.
“We’ve always been focused on providing our clients with excellent service and we’re extremely proud of the lasting relationships we’ve built over the past 43 years,” said Kelly Hickman, president, South Coast Insurance. “Joining BrokerLink offers access to new technology and resources necessary to continue providing high quality service to customers; grow our business, and offer employee development opportunities.”
D’Annunzio added: “Welcoming the experienced and knowledgeable South Coast employees allows us to grow our presence in Newfoundland, by maintaining local relationships and building new ones. “We are increasing our service in Marystown and Corner Brook, and are excited that our brand will now serve customers in additional communities, including: Bonavista, Springdale and St. Lawrence.”
Through the two transactions BrokerLink has doubled its size in Atlantic Canada, to become one of the largest insurance brokerages on the Canadian east coast, with over 65 locations and more than 400 employees.
In addition to its growth in Atlantic Canada, BrokerLink has also added two new locations in Ontario and Alberta, by acquiring Doug Honeyford Insurance Inc. (Honeyford Insurance) in Sudbury, Ontario, and Lakeside Insurance Ltd. in Sylvan Lake, Alberta.
