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Fact Book: Doing Business in Maine 2025

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B U S I N E S S P RO F I L E S 56 B U S I N E S S P R O F I L E S S P E C I A L A D V E R T I S I N G S E C T I O N T h i s y e a r m a r k s a s i g n i f i c a n t m i l e s t o n e for Lotfey Dennett Insurance Brokers as the boutique insurance agency celebrates its 10th anniversary of providing tailored insurance solutions for families and businesses across Maine and throughout the country. Founded in 2015, Lotfey Dennett began with a clear mission: to deliver white-glove, relationship-driven service in an industry that often feels transactional. A decade later, the firm has grown into a premier boutique agency, serving high-net-worth indi- viduals, middle market residential, and businesses. We provide customized protection for all commercial lines of property & casualty business, homeowners, vehicles, investment properties, and life insurance. Our commercial insurance team has a strong passion for working with and insuring local restaurants, retailers, contractors, professional firms and property owners. A premiere boutique agency e agency was co-founded by Nick Lotfey and Matt Dennett, both seasoned insurance professionals and University of Maine graduates. Nick is a Falmouth native and a 2009 graduate of the University of Maine in Orono and began his career at Liberty Mutual Insurance. Matt is an Augusta native and a 2009 graduate of the University of Maine at Farmington and previously worked at Nationwide Insurance. Both hold the Certified Insurance Counselor (CIC) designation – one of the industry's most respected credentials – and bring over two decades of combined experience to their work with clients. "Matt and I were introduced through mutual friends – indi- viduals I had attended college with and whom Matt had grown up with here in Maine," said Lotfey. "As two young, driven agents early in our careers, we quickly connected over our shared ambi- tion and began collaborating by exchanging referrals and ideas. at professional camaraderie eventually evolved into a partner- ship rooted in mutual respect and a shared vision for what the insurance experience could look like." Delivering the personal touch e goal from day one was to create a different kind of insur- ance experience – one that feels personal, proactive, and rooted in trust. Reaching the 10-year mark is a testament to the loyalty of our clients and the dedication of our team. "From the outset, Matt and I shared a clear vision: to build a modern insurance firm grounded in meaningful relationships, personalized service, and forward-thinking solutions," Lotfey continued. "We saw an opportunity to break away from the status quo in what is often viewed as a traditional, slow-moving industry. Our goal was to create a firm that clients could trust – one that emphasizes transparency, responsiveness, and tailored support. at guiding philosophy has shaped everything we've done since day one and continues to drive us today." Over the past decade, the firm has expanded both its team and carrier partnerships, strengthening its offerings with top- tier companies like Acadia Insurance, e Andover Companies, MMG Insurance, Cincinnati Insurance, Patrons Oxford, Patriot Insurance, and over 20 additional leading carriers. Human-centered approach in insurance But what sets Lotfey Dennett apart is that the firm is not only known for its technical insurance expertise, but also for its com- mitment to meeting clients where they are – literally – with in- home visits and face-to-face advisory service. In a time when automation and call centers dominate the insurance landscape, Lotfey Dennett's human-centered approach has resonated. People still want to know who's protecting their most valuable assets. We pride ourselves on being that trusted advocate in their corner. Lotfey Dennett Insurance Brokers 500 Washington Ave., 3rd Floor, Portland, ME 04103 Sector: Insurance Agency Nick Lotfey and Matt Dennett, Founding Partners Founded: April 2015 Employees: 11 Maine employees and 2 out of state employees www.ldibrokers.com " At Portside Real Estate Group, we're intentional about who we align with, and Lotfey Dennett has been an outstanding partner from the start. Their team is responsive, relationship-driven, and truly committed to a positive customer experience. You feel that from every member of their team, which is a direct reflection of Nick's leadership. Whether it's supporting our brokerage or helping our agents serve their clients, they show up with professionalism and heart. It's a relationship we genuinely value. " — Dava Davin, Founder and CEO, Portside Real Estate Group Lotfey Dennett Insurance Brokers Celebrating 10 Years of White-Glove Service Above: Founding partners Nick Lotfey (left) and Matt Dennett (right) P H O T O C O U R T E S Y O F L O T F E Y D E N N E T T I N S U R A N C E B R O K E R S

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