November 20, 2006 by Canadian Underwriter
Totten Insurance Group, a provider of specialty niche products to brokers, has acquired intermediary EMC Underwriting (Excess Markets Corporation), which handles special risk property and casualty accounts in the province of Ontario.
Totten Group and EMC will join forces effective Jan. 1, 2007.
EMC Underwriting president Eugene Yen and his staff will be joining the Totten Group. Yen will become a partner in the Totten Group and will be a member of the management committee of the firm.
As a result of the acquisition, Totten Group will have an expanded Special Risk division, with enhanced markets, higher property binding limits and broader liability facilities.
In addition, Totten Group said in a press release, “procedures will be improved to provide brokers of both offices with better service, with quicker turn-around times for quotes and answers to brokers’ inquiries through the use of improved technology.”
Totten Group said its full range of products would be available to EMC’s broker force. These include professional liability, special personal lines, special events, builders risk, regular lines property and casualty business, D&O, and liability for difficult classes such as roofers, remediation contactors, welders, U.S. products, to name a few.