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Archway Insurance buys H.S. Terris Insurance
Acquisition effective Nov. 1, 2016.
Staff on October 24, 2016
Archway Insurance is pleased to announce the purchase of H.S. Terri Insurance, effective November 1, 2016.
“Archway moved into the community about a year and half ago establishing an office under the management of well known local broker Ed Pettigrew,” said Archway Insurance President Michael Stack, in a release.
“We’ve seen great support from the local community since that time. It made sense to combine our office with Terris to better serve Springhill and area from one location, known as Archway Insurance – Cumberland. The employees of Terris have done a wonderful job caring for clients over the years and we’re pleased to welcome them to Archway.”
Although ownership will change hands, there will be no disruption or changes to policies for clients currently insured with H.S. Terris. The current location will be closing and renovations are underway to move employees over to the Archway Insurance – Cumberland office at 64 Main Street.
“Terris customers will continue to be serviced by an independently owned, local insurance brokerage,” said Archway Insurance – Cumberland Manager Ed Pettigrew. “Archway provides access to a wide selection of rates and services with the professional team and expertise to meet all our clients’ insurance needs be those personal, commercial, life or travel.”
The acquisition of Terris brings the total number of Archway locations to eleven – spanning the distance from Yarmouth, NS to Miramichi, NB. Over the past decade, Archway has purchased dozens of brokerages across Nova Scotia and New Brunswick, quietly amassing a substantial presence and market share. The deal with Terriswas strategic, confirming Archway’s stronghold in Cumberland County, where its head office is located.
Archway Insurance is an Atlantic-owned, independent insurance brokerage. Headquartered in Amherst, it has eleven offices.
Archway Insurance buys H.S. Terris Insurance
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