Archway Insurance acquires NB-based CD Anderson Insurance

Archway Insurance acquires NB-based CD Anderson Insurance | Insurance Business Canada

Archway Insurance acquires NB-based CD Anderson Insurance

Archway Insurance, one of the largest and fastest growing insurance brokerages in Atlantic Canada, has announced its acquisition of CD Anderson Insurance LTD, a second-generation family business, based in Oromocto, New Brunswick.

The deal, effective March 01, 2021, marks Archway’s expansion into the New Brunswick Capital Region, enabling the brokerage to “better serve [its] clients in the province’s three major cities,” according to Archway CEO Michael Stack.

CD Anderson has been providing commercial and personal insurance in Oromocto and its surrounding areas since 1959. The brokerage’s former owner, Blake Anderson, will stay involved with the firm for a short period post-sale to ensure a smooth transition period to Archway Insurance for both his clients and his employees.

“After an insurance career spanning four decades, I’m looking forward to focusing on new challenges,” said Anderson. “I can do this with confidence, knowing that the employees and clients of CD Anderson Insurance will be in good hands with Archway.”

Joining Archway comes with its benefits for CD Anderson brokers and clients. As one of the largest brokerages in the Atlantic Canada region, Archway works with all major insurance markets, as well as many specialty insurers, for personal and commercial insurance, providing a wide set of options for P&C clients. The brokerage also offers life, travel, and employee benefits to round out its holistic product offering.

“We’re thrilled to welcome the employees and clients of CD Anderson Insurance in Oromocto to Archway Insurance,” Stack added.