Acquisition
Further Defines Totten Group’s Wholesale Specialization and Expands its
Canadian Footprint
Toronto, March 04, 2015 –
Totten Insurance Group (Totten), a leading national insurance managing general
agency, announced today that it has acquired the shares of National Brokerage
Services S.C.N. Inc. (NBS), a Montreal, Quebec-based commercial insurance
wholesaler. Terms of the acquisition were not disclosed. This strategic acquisition expands Totten
Group’s footprint in the Canadian marketplace and further defines its specialization
in providing exceptional
underwriting service in key industry segments.
Totten Group specializes in providing innovative solutions while partnering
with an array of top quality domestic and international insurance carriers. By
providing a diversified suite of customized insurance products and programs,
Totten supports over 2,000 independent brokers throughout Canada. The NBS
acquisition complements Totten Group’s areas of focus predominately in the
business segments of construction, contracting, hospitality, agriculture,
restoration and remediation, errors and omission, directors and officers and
hot works roofing among others.
“Totten is excited to have NBS and its specialists join our team. The combined
strengths of this partnership will further enhance our capabilities within our centres of excellence that
benefit from specialized property and casualty expertise, as well as
reinforce Totten Group’s strong position in the market,” noted Heather
Masterson, President and CEO of Totten. “In addition this amplifies our dynamic
talent acquisition strategy by bringing more best in class professionals into
our expanding organization.
Headquartered in Montreal, NBS has satellite offices in Alberta, Manitoba,
Ontario and Quebec, which will remain in full operation while maintaining the
NBS corporate brand and further expand Totten Group’s presence in each
province. Guy Boissé, President and Founder of NBS, will join Totten and continue
in his role and report to Ms. Masterson.
“For National Brokerage Services, the acquisition
will bring us one step closer to our objective of being one of the top
wholesalers in Canada. This transaction will enable us to access new and
broader markets, along with expertise to serve and grow our client base,” noted
Mr. Boissé. “Since our early beginnings in Amos, Québec, we have positioned
ourselves as one of the most resourceful and effective allies for Canadian
retailers and we shall now bring our offerings to an unmatched level.”
About Totten Insurance Group
Totten
Insurance Group is Canada’s leading national MGA provider of niche products and
innovative solutions. Totten Group is committed to servicing brokers across the
country and is comprised of six divisions: Personal Lines; Commercial Property;
Commercial Casualty; Hospitality; Construction and Professional Liability. With
offices across Canada, Totten Group’s corporate office resides in Toronto ON,
and has other locations in Oakville ON, Dartmouth NS, Winnipeg MB, Montreal QC,
and Vancouver BC. Learn more at www.tottengroup.com.