Archway Insurance grows HRM presence through purchase of Basin Insurance

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Amherst insurance firm is growing again.

Archway Insurance, one of Atlantic Canada’s largest independently-owned insurance brokerages, has purchased Basin Insurance of Halifax.

Archway Insurance, one of Atlantic Canada’s largest independently-owned insurance brokerages, has purchased Basin Insurance of Halifax.

HALIFAX – An Amherst insurance firm is growing again.

Archway Insurance, one of Atlantic Canada’s largest independently-owned insurance brokerages, has purchased Basin Insurance of Halifax.

The purchase takes effect on Jan. 1.

“Basin is a great addition to Archway Insurance,” said Archway vice-president Michael Stack. “The management and employees have done a wonderful job of caring for clients and growing this metro office over the past five and half decades.”

Although management will change hands in the new year, Stack said it will be business as usual for employees and clients at Basin Insurance. Archway is committed to providing the same high standards of service that clients have come to expect, and will keep the current Bedford Highway location in place.

“The aspect of this new partnership which I find most reassuring is that Basin’s family of customers will continue to be serviced by an independently owned, local insurance brokerage,” said Basin president Robert Knapp. “In fact, our customers will be able to access an even wider selection of rates and services through Archway’s expanded network, which includes most of Canada’s leading insurers. Archway’s business philosophy and emphasis on customer service are a marvelous fit to what Basin’s customers have come to expect.” 

The acquisition of Basin brings the total number of Archway locations to 10 – spanning the distance from Yarmouth to Miramichi. Over the past decade, Archway has purchased 16 brokerages across Nova Scotia and New Brunswick, quietly amassing a substantial presence and market share.

Earlier this year, Archway Insurance was recognized by the Canadian Association of Family Enterprises with its Family Enterprise of the Year Award.

In April, it announced the purchase of SNC on Herring Cove Road in Halifax.

The deal with Basin was strategic, further expands Archway’s presence in the HRM market.

Basin President Robert Knapp and his wife Lynn will stay on temporarily to assist with the management transition, and hiring of new staff to fill the gaps they will leave. Long-time Basin staff member Glenn Blowe will step into the role of office manager. All other staff will continue in their roles.

Founded in 1960, Basin Insurance provides a full range of insurance coverage for auto insurance, homeowners and small business insurance, as well as large multi-peril commercial and marine insurance products. The brokerage combines expert technical advice with friendly and personal service.

 Archway Insurance is an Atlantic-owned, independent insurance brokerage, and one of the largest in the region. Headquartered in Amherst, NS, it is a growing, vibrant company with ten conveniently located offices. In 2013, Archway Insurance received CAFE’s National Family Enterprise of the Year Achievement Award.

Organizations: Basin Insurance of Halifax, Archway Insurance, Family Enterprise Canadian Association of Family Enterprises

Geographic location: Amherst, Atlantic Canada, HRM HALIFAX Nova Scotia Yarmouth New Brunswick Herring Cove Road

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