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January 10, 2018

Chalmers Insurance passes the torch to next generation

Bruce and Bill Chalmers have transferred ownership of the Chalmers Insurance Group to the fourth generation of Chalmers family members, Jim Chalmers and Dottie Chalmers Cutter, effective Jan. 1.

Based in Bridgton, the 160-year-old company has nine offices in Maine and New Hampshire and more than 80 employees.

"Bill and I proudly leave the Chalmers Insurance Group in the hands of a leadership team that has largely been together since 2014 and 86 co-workers who each day carry on the 160-year tradition of providing quality insurance products and financial security to our community-based neighbors with personal and friendly service," Bruce Chalmers, who joined the family business in 1960 and serves as chairman of the board, said in a news release announcing the ownership change.

Bill Chalmers, general manager and treasurer who joined the company in 1973, added: "Our transition to the fourth generation has been carefully planned to set a balance for our entire family. Bruce and I are very proud of the end results and look forward to mentoring when asked. We are confident in Jim and Dottie's abilities as leaders, combined with the experience, vision, and expertise of Steve Cote, president, to take Chalmers Insurance Group into the future and hopefully into the hands of the fifth generation."

Bruce and Bill Chalmers will assume new roles as directors of the family-owned business.

Chalmers President Steve Cote paid tribute to the third-generation owners as they've passed the leadership on to their children.

"The Chalmers brothers have worked side-by-side in this widely respected family business for 44 years, cultivating impressive growth and sustained triumph through building strong relationships, making strategic acquisitions and actively supporting their communities and causes for which they are passionate," he said. "I am forever grateful for the life and business lessons learned through the words and actions of Bruce and Bill."

Dottie Chalmers Cotter and Jim Chalmers said in a statement that they were ready to take on the challenge of leading the company during "an exciting time to be in Insurance and to own and operate a business."

"Our industry and consumer demands are more diverse and complicated than ever before," they said in a joint statement. "Future success requires mindful planning and fearless execution — adapting to new times and differentiating from the competition in meaningful ways that bring value to all relationships. We are privileged to partner with our management team and co-workers to address these challenges head on — to support a more innovative and engaging workplace and offer a more interactive and resourceful risk management experience for our clients. We are most thankful to our dads for a tremendous opportunity and for their trust in us to take this great family-owned and operated business into the future."

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