Anderson McTague & Associates

Name

Anderson McTague & Associates

Legal name

Anderson-McTague & Associates Ltd.

Website

https://andersonmctague.com

Company type

Private

Founded year

1937

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Managing General Agency / Specialty Insurance Underwriting

NAICS

Insurance Agencies and Brokerages (524210), Other Insurance Related Activities (52429)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Managing general agency
• Specialty insurance underwriting
• Hard-to-place risk insurance
• Commercial property insurance
• Independent broker distribution

Headquarters

HQ city

Saint John

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel

Revenue model

1. MGA Insurance Underwriting Commissions: As a Managing General Agency, Anderson McTague earns commissions from insurance carriers for underwriting and placing hard-to-place insurance risks on behalf of independent insurance brokers in Atlantic Canada.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Anderson McTague & Associates is a Managing General Agency (MGA) that underwrites and distributes hard-to-place property and casualty insurance products exclusively through independent insurance brokers in Atlantic Canada. The company provides specialty coverage across commercial general liability, professional liability, commercial property, and personal lines, with a dedicated Team 24 service offering 24-hour quote turnaround for vacant, seasonal, and rented dwellings.

Product overview

Anderson McTague & Associates is a Managing General Agency (MGA) offering a comprehensive portfolio of hard-to-place risk insurance products through independent insurance brokers in Atlantic Canada. The core product suite consists of Commercial General Liability, Professional Liability (E&O), Commercial Property, and Personal Lines, complemented by the specialized Team 24 service for Vacant Dwellings, Seasonal Dwellings, and Rented Dwellings. Additional offerings include Builder's Risk, Cyber Insurance, Umbrella Liability, and industry-specific coverages such as Logging, Restaurant, Fitness Club, Healthcare, and Technology E&O. The company also provides niche products including Drone/UAV Insurance, Hole-in-One Insurance, and Special Events coverage. Founded in 1937, the MGA operates as a locally-owned Atlantic Canadian company with offices in Saint John, NB and St. John's, NL.

Differentiator

Problem solved

Functional benefit

Brands

• Team 24: A focused group of underwriters specializing in writing policies for Vacant Dwellings, Seasonal Dwellings, and Rented Dwellings with 24-hour quote turnaround.

Products and services

• Commercial General Liability Insurance coverage providing substantial primary or excess capacity for CGL accounts from small businesses with local roots to large businesses with international exposures, distributed to independent insurance brokers.
• Professional Liability
• Commercial Property
• Personal Lines
• Team 24 Dedicated underwriting team specializing in Vacant Dwellings, Seasonal Dwellings, and Rented Dwellings with guaranteed 24-hour quote turnaround. Covers properties under renovation, estates, condos, risks held for sale, cottages, camps, single/multi-family homes up to 6 units, and student housing.
• Drone / UAV Insurance Coverage for unmanned aerial vehicles including loss or damage to UAVs/drones, legal liability to third parties, and products liability, distributed to brokers for commercial drone operators.

Quantifiable outcome

• Team 24 provides guaranteed quote turnaround within 24 hours (Monday-Friday)
• +1 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• Everest CanadacoreStrategic or Co-development Partner · 19 October 2017Anderson McTague serves as Everest Canada's authorized sports & leisure MGA in Atlantic Canada. The partnership provides Commercial General Liability, Participant Accident, Errors & Omissions, and Directors & Officers Liability coverage with limits up to $30 million for property and $20 million for casualty. Everest has been a global leader in reinsurance for over 40 years.
• Premium Finance Services, Ltd.coreStrategic or Co-development PartnerPremium Finance Services, Ltd. was incorporated in 1984 by Charles McTague to offer insurance premium financing to brokers in Atlantic Canada. This subsidiary company provides financing solutions for insurance policy premiums.
• Lloyd's of LondoncoreTechnology or IntegrationAnderson McTague is an authorized Lloyd's of London coverholder with a 50-year relationship. The partnership was recognized by Lloyd's CEO Inga Beale in 2016. This relationship provides Anderson McTague access to Lloyd's global underwriting capacity and markets.

Scale indicators4 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Aviva Canada: Aviva Canada is a national P&C carrier writing personal and commercial lines through brokers across Canada, including specialty commercial. Comparable as a broad incumbent in Canadian broker-distributed P&C, overlapping on commercial property and specialty classes.
• Intact Financial Corporation: Intact is Canada's largest P&C insurer with broker-distributed specialty and commercial lines through brands including Intact Public Entities and BrokerLink. Comparable as a broad incumbent that competes for the same broker-submitted Canadian specialty P&C accounts but with a much wider portfolio.
• Federated Insurance Company of Canada: Federated Insurance specializes in commercial P&C for Canadian owner-operated businesses, distributed through a broker network. Comparable as a specialty commercial P&C underwriter targeting niche Canadian business classes through independent brokers.
• CNA Canada: CNA Canada underwrites commercial and specialty P&C (including professional liability, cyber, and property) through Canadian brokers. Comparable as a broad incumbent writing specialty P&C for brokers, with overlapping appetites in professional liability and commercial property.

Direct peers

• Premier Group of Companies: Premier Group is a Canadian specialty MGA platform that distributes hard-to-place and niche insurance products through brokers. Closest comparable as a Canadian specialty MGA serving independent brokers across multiple provinces, including non-standard P&C risks.
• Northbridge Insurance: Northbridge Financial Corporation's Northbridge Insurance underwrites commercial specialty and mid-market P&C in Canada through a broker network. Comparable as a Canadian specialty P&C underwriter competing for similar broker-submitted hard-to-place risks.
• Burns & Wilcox: Burns & Wilcox is the largest North American MGA, distributing specialty and surplus lines through independent brokers. Comparable as a specialist MGA platform focused on non-standard and excess & surplus risks for retail brokers.
• Trisura Guarantee Insurance Company: Trisura is a Canadian specialty insurer writing surety, commercial liability, and niche P&C lines through brokers. Comparable for its specialty, broker-distributed model targeting non-standard or hard-to-place commercial risks in Canada.
• Euclid Insurance Managers: Euclid Insurance Managers is a Canadian MGA providing specialty property and casualty programs through brokers. Comparable as a specialty Canadian MGA distributing non-standard and hard-to-place commercial risks via the broker channel.

Regional players

• Maxum Insurance (formerly JEVCO): Maxum Insurance is a Canadian MGA underwriting non-standard and specialty auto and commercial risks. Comparable for its specialty MGA model and appetite for non-standard risks, though heavier weighting toward auto versus Anderson McTague's property/casualty focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anderson McTague & Associates