Toronto, ON (Dec. 10, 2024) – Specialty Program Group Canada Inc. (SPGC), a leader in commercial and personal property and casualty insurance solutions, is pleased to announce its intention to amalgamate with Totten Insurance Group Inc. (Totten) and Anderson McTague & Associates Ltd. (AMT), effective January 1, 2025. This strategic merger will unite three powerhouse specialty insurance organizations under one umbrella, strengthening their ability to serve brokers and clients across Canada.
Upon completion of the amalgamation, SPGC will operate with 500 employees across five underwriting brands and one claims management brand. SPGC is headquartered in Vancouver and Toronto and has local underwriters across all Canadian provinces. The addition of Totten and AMT’s expertise, alongside SPGC’s trusted brands like Cansure, Beacon, and i3 Underwriting Services, will enhance the group’s ability to provide faster and more innovative solutions to brokers across the country.
Cameron Copeland, President & CEO of SPGC, highlights the significance of this merger:
“As we bring SPGC and Totten/AMT together, we are creating a truly national platform that will deliver greater value to our carrier and broker partners, and our policyholder customers. This amalgamation will allow us to strengthen our deep underwriting expertise, extend our capacity & capabilities, and add shared resources to super-charge how we show-up faster, better, and create more value for customers. Together we are stronger, and we will work harder to earn a place in our customer’s business as a trusted and preferred supplier.”
This amalgamation reflects SPGC’s commitment to building on its strengths and expanding its offerings. By integrating these teams, brokers will be able to access a wider array of niche insurance products through a single trusted partner relationship. Each of SPGC’s brands will continue to operate with the same entrepreneurial leadership and focus on marketplace niches, backed by the resilience and governance of a larger organization.
Specialty Program Group Canada, with roots tracing back to 1992, has built a reputation for providing niche insurance solutions that exceed customer expectations across its operating MGA brands. Totten Insurance Group, established in 2002, has consistently demonstrated strong expertise in handling complex risks. Anderson-McTague & Associates, established in 1937, serves Atlantic Canada with trusted P&C solutions. The combined entity will continue each organization’s mission of addressing underserved niches, empowering brokers to offer enhanced solutions to their clients.
With a focus on innovation and speed of service, SPGC will continue to evolve and adapt to the changing insurance landscape. This merger positions SPGC to remain at the forefront of specialty insurance in Canada, providing brokers with the capacity, expertise, and resources they need to thrive in an increasingly competitive market.
About Specialty Program Group Canada
Effective January 1, 2025, Specialty Program Group Canada (SPGC) will be the parent company of five leading MGA brands delivering personal and commercial property and casualty insurance solutions to licensed insurance brokers across Canada. Specialty Claims Canada is the claims management brand of SPGC, providing access to 24/7 claims services.
SPGC’s P&C brands will include: Cansure, delivering commercial P&C insurance with broad industry expertise and Canada’s largest construction insurance provider; i3 Underwriting Services, providing commercial lines solutions serving upper-middle market and complex risk; Beacon, providing personal lines such as non-standard habitational insurance, boat, off-road vehicle, and special event liability; Totten, providing commercial P&C insurance with program and industry expertise; and Anderson-McTague, serving Atlantic Canada with commercial and personal P&C solutions. SPGC also operates an online portal that delivers online rate, quote, bind and issuance for various personal, commercial and specialty products. For more information, visit spgcanada.ca.
Source: Specialty Program Group Canada
Tags: merger, specialty lines, Totten Insurance Group
