Archway Insurance Acquires New Halifax Location, SNC Insurance
Archway Insurance, one of Atlantic Canada’s largest independently-owned insurance brokerages, is pleased to announce the purchase of SNC Insurance, one of Metro’s premier brokerages, effective May 15, 2013.
Senior management of both Archway and SNC met with staff at the SNC location at 181 Herring Cove Road in Halifax to celebrate the acquisition.
“We welcome the staff and clients of SNC to Archway Insurance,” says Archway President Garry Stack. “Although management has changed hands, it’s business as usual for employees and clients. Archway is committed to providing the same high standards of service that SNC clients have come to expect. As an independent brokerage we are pleased to provide both professional advice and choice when it comes to insurance.”
The acquisition of SNC brings the total number of Archway locations to nine – spanning the distance from Yarmouth, NS to Miramichi, NB. Over the past decade, Archway has purchased 15 brokerages across Nova Scotia and New Brunswick, quietly amassing a substantial presence and market share. The deal with SNC is Archway’s single, largest brokerage purchase. It secures Archway’s position as one of the leading brokerages in the Maritimes.
Former SNC owner Carolyn James will stay on temporarily to assist with the management transition, and her partner Stewart Hay will work as a consultant with Archway, providing continuity for clients, and sharing his commercial expertise.
“We hand-picked Archway because we have confidence that they will take the best care of our employees and clients,” says Carolyn James, speaking about the acquisition. “Stewart and I spent many years building an independent brokerage. We take pride in what we accomplished and trust we are leaving it in the right hands with Archway.”
Located on Herring Cove Road in Halifax, SNC Insurance offers insurance services for individuals, organizations, and entrepreneurs. Prior to 2006, the brokerage operated as K N Umlah Insurance Agency Limited. In total, SNC has been serving clients in the Maritimes for more than 28 years. In 2013, SNC was recognized as Insurance Brokerage of the Year by the Insurance Brokers Association of Nova Scotia.
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 nine conveniently located offices. In 2013, Archway Insurance was named the CAFE Nova Scotia Family Enterprise of the Year and is currently one of three national finalists.