Risk & Business Magazine Cain Insurance Spring 2016 | Page 31

Cain Insurance
30 Years Strong

BY: LUKE CAIN, VICE PRESIDENT, CAIN INSURANCE

I

t seems like just yesterday that Dan and
Eileen Cain founded Cain Insurance.
The year was 1986, and as we come upon
our 30th anniversary, we want to take
a look back at some of the history of the
company and some of our most important
events. Daniel Cain, the founder, had been
working in the insurance industry for 4
years as an adjuster prior to starting Cain
Insurance. Those years of experience gave
him the knowledge that he would then
use to start the company.
The founding of the company was one
without much fanfare. Dan started
from scratch, building the company on a
combination of hard work, and customer
focus. Starting in 1990, Luke, Dan’s
brother, began to work with him at the
company. He came with no customers,
starting from scratch as Dan had done
four years prior. Eventually, they would
become partners in the company.
Over time, Cain insurance has grown to a
staff of 27 employees with a strong focus
on commercial insurance, and always
putting the customer ahead of all else.
This, and the passion of the employees for
the work that they do, has led to a number
of industry awards. In 2011, for instance,
Dan & Luke won the Fredericton Chamber

of Commerce Business person of the Year
Award. Aside from that, they have been
featured in numerous magazines.
The company sports a growth rate which
outpaces the marketplace. That, most
obviously, is a sign of the health and
potential of the company. At its core, the
growth of the company is based on its
customers. Cain Insurance was founded
as a family company and it has grown as a
family company through the decades and
spanning into a second generation of the
Cain family. With a focus on the needs of
customers and making sure that they, too,
are treated like family, Cain Insurance has
built strong ties in the community.
2012 we moved to our current location,
in at 401 Bishop Drive. This new facility
includes modern office space, wheelchair
access, a number of amenities, a staff gym,
and good visibility from the street. From
the top to the bottom, our new office was
built with convenience in mind.
In 2016, Cain Insurance partnered with
Ryan Boyer to form the Cain & Boyer
Benefits Group. This company was
created to offer group health benefits to
businesses in New Brunswick. The Cain
& Boyer Benefits Group is yet another

example of the growth of Cain Insurance.
Finding market segments in which we
can grow and help has been a key to the
success of the company over the years.
The growth of the company has been
strong and has, since the beginning,
been focused on commercial insurance
business. Focus on industry segments
has allowed for expanded growth. These
have traditionally been contractors,
automotive dealers, municipalities, and
environmental exposures. With each new
industry segment, growth developed.
Keeping a strong focus on maintaining the
current client base while not being afraid
to strike out into new territories has led
to the strong growth of the company over
the last three decades.
Onwards and upwards, as the saying goes.
We are also excited to welcome Dan’s son
Reece into the company in a training role.
He recently graduated from St. Francis
Xavier University and is a welcome
addition to the team.
The future is full of opportunity and
hopefully the next 30 years will be as
rewarding as the past 30 years.