Robertson and Robertson Yacht Insurance, celebrating its 60th anniversary in 2010, has joined the CG&B Group Inc., a full-service insurance brokerage with offices in Markham and Mississauga, Ontario.
The acquisition, completed in late February, brings CG&B into the yacht insurance business and expands the firm's current product and service line.
Under the new arrangement, the Robertson and Robertson operation will be integrated into CG&B's Markham office and continue to operate under the Robertson and Robertson Yacht Insurance Ltd. name. Broker Principal Andrew Robertson and Cameron Robertson will become shareholders of the CG&B Group, while the current Robertson and Robertson staff will retain their positions and relationship with boaters.
For Robertson's existing customers, the acquisition will facilitate access to a broad range of one-stop insurance capabilities, including all types of property and casualty insurance as well as many financial services such as estate planning and wealth management. This will enable Robertson to take advantage of CG&B's size and breadth with a staff of over 200 insurance professionals and contracts with most major insurance carriers.
“It's a win-win for our customers,” says Drew Robertson. “We're still providing exactly the same expert service we have for 60 years, but we're backed up by a strong and deep organization.”
Larry Later, President of CG&B Group Inc. and an ardent boater, recognizes the value of adding Robertson and Robertson's capability and reputation to the company. “I'm excited that Robertson and Robertson is now part of the CG&B Group. Their yacht insurance expertise will round out CG&B's current offering as a full service brokerage,” Later notes.
Robertson and Robertson will move to its the new corporate head office on April 19. The new address will be 120 South Town Centre Blvd., Markham, Ontario L6G 1C3.
The move marks CG&B Group's 13th acquisition in 12 years and increases the company's employee base to 190, with a projected annual premium volume of $150 million this year.