Archway Insurance acquires MacCoy Insurance Brokers

The independent brokerage now has 22 locations in Atlantic Canada

 Atlantic Canada insurance brokerage Archway Insurance produced its 22 location with the purchase of Sydney, N.S.-based MacCoy Insurance Brokers Ltd.

On July 1, MacCoy officially became part of Archway, which has locations covering Nova Scotia and New Brunswick.  There will be no major changes made to existing roles and responsibilities at MacCoy, Archway Insurance says in a press release. The location is Archway’s first in Cape Breton.

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“We are ready to serve both existing and new clients on Cape Breton Island through a local office in Sydney. We welcome Ritchie MacCoy [president of MacCoy Insurance Brokers] to our management team, his employees, and MacCoy’s many business and personal clients to Archway Insurance,” says Gina McFetridge, president at Archway, in a press release.

MacCoy Insurance Brokers has been a family-run business for 72 years, and holds similar values as Archway Insurance, which is one of the largest independent brokerages in the Atlantic region, states the press release: “Over the past decade, Archway has purchased many brokerages across Nova Scotia and New Brunswick and will continue to focus on growth through new business sales and brokerage purchases.”

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