Hub subsidiary Totten buys MGA in Atlantic Canada
October 3, 2018 by Greg Meckbach
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Anderson McTague & Associates Ltd., a New Brunswick-based coverholder in the Lloyd’s market, has been acquired by Toronto-based Totten Insurance Group Inc., a subsidiary of Hub International Ltd.
Totten Insurance is a managing general agency founded in 2002 by H. Ross Totten, the firm’s CEO until 2012.
Anderson McTague has offices in Saint John, N.B. and St. John’s, Nfld.
The terms of the acquisition were not disclosed. As a result of the acquisition, announced Wednesday, Anderson McTague president Chuck McTague will join Totten.
Anderson McTague places both personal and commercial insurance. Target markets include properties that are vacant for long periods of time, restaurants that serve liquor, hairdressers, roofing contractors, welding contractors, health clubs, spas, fertilizer manufacturers and trucking, among others.
“Totten plans to leverage Anderson McTague’s experience with Lloyds and their detailed knowledge of Atlantic Canada to further support its broker partners,” Totten said Oct. 3 in a release.
Totten places property and liability insurance, including professional liability and pollution liability. Its target markets include casinos, hot dog carts, special events, auto body shops and companies holding fuel storage tanks. Totten also places homeowners insurance for high-net-worth individuals.
In addition to Toronto, Totten also has offices in Vancouver, Winnipeg, Halifax, Montreal, Dundas, Ont. and Oakville, Ont.
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insurance costs are in general much to high im sure a lot of the insurance agents may even start making there own rules and costs, but of coarse I cant prove that ! the general public should be charged by their no claim record my wife Ethel Irene Saulnier I have never had an insurance claim in my life time and Ethel has never had a claim cense the early 1970s so the costs in general to folks who have never and have way , way back should out weigh the costs against anyone who has had ,
and keep having claims also we have a wood stove in our home for over thirty years where we presently live and have never to this day had a claim and yet only this year have been told we would not be covered if we did not get rid of our wood stove and we ONY USE IT WHEN temperatures reach dangerous lows , and never when the winds are above 4o klms , and never leave the house while the fire is going so what’s the danger ? and not even at night . we might consider not having costs and silly conditions don’t stop , or reduce dramaticly
Mr. Saulnier,
Insurance is based on the principle of “the premiums of the many, pay for the losses of the few”.
If those losses of the few outweigh the premiums of the many, the premiums of the many have to be adjusted.