Amherst insurance company continues to grow

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Darrell Cole
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Archway purchases two Halifax companies

An Amherst-based insurance company has grown with the acquistion of two Halifax-area firms.

An Amherst-based insurance company has grown with the acquistion of two Halifax-area firms.

AMHERST – Archway Insurance, one of Atlantic Canada’s largest independently-owned insurance brokerages, has announced the purchase of two additional insurance offices in Halifax.

The deal, effective last Friday, follows the recent purchase of Basin Insurance. The deal makes Archway one of Metro’s largest insurance brokerages.

MacLaren Hebb and Faulkner Insurance, located in Musquodoboit Harbour are now part of the fast-growing brokerage.

“We are thrilled to be adding the MacLaren Hebb and Faulkner offices to Archway Insurance,” says Archway Regional Manager Gina McFetridge. “The Hebb family has been in the insurance business since the 1850s. There is a long-standing history of service and commitment to clients and the local community that is completely in step with our own values.”

Clients will notice no change as a result of the purchase. Each office will remain open in its current location, and all employees, as well as former owner, David Hebb, will be staying on.

McFetridge said Archway is committed to giving the best possible insurance experience to each of its clients. Archway accomplishes this with solid insurance products, expert advice and professional service that are offered locally at a competitive price.

“My great-grandfather started a marine insurance business in Lunenburg which got the insurance blood running in our family. With five generations now having worked in insurance, I am glad to be turning control over to another family-run business that will continue our tradition of serving customers as an independently owned, local insurance brokerage,” says former MacLaren Hebb/Faulkner owner David Hebb. “I am going to be staying on, and with all our staff remaining, the only change our customers will notice over time is a new name and access an even wider selection of rates and services through Archway’s expanded network, which includes most of Canada’s leading insurers.” 

The acquisition of MacLaren Hebb and Faulkner brings the total number of Archway locations to 12 – spanning the distance from Yarmouth  to Miramichi, NB. 

 Over the past decade, Archway has purchased 17 brokerages across Nova Scotia and New Brunswick, quietly amassing a substantial presence and market share. The deal with MacLaren Hebb is the third brokerage purchase in the HRM market in the last year.

It’s strategic in terms of increasing Archway’s presence in this growing market.  

In 2013, Archway Insurance received CAFE’s National Family Enterprise of the Year Achievement Award.

 

Organizations: Basin Insurance, MacLaren Hebb and Faulkner Insurance, Archway Insurance Family Enterprise

Geographic location: Halifax, Atlantic Canada, Musquodoboit Harbour New Brunswick Lunenburg Yarmouth Miramichi Nova Scotia

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