Goose, Travel Insurance Made Easy, Launches Across Canada Today

VANCOUVER, British Columbia, Aug. 14, 2018 (GLOBE NEWSWIRE) — Launching across Canada today, the Goose mobile app provides Canadians with instant access to travel medical insurance. This mobile-first, self-serve solution allows Canadians who travel out of country to purchase travel medical insurance in under 60 seconds through the Goose mobile app (iOS & Android), for as little as four dollars, and available for up to seven days after a vacation has begun. Today’s launch follows the company’s successful raise of a $2.25 million seed round, led by Impression Ventures.

“We know that if travel insurance is more accessible and affordable, Canadians will opt in and avoid thousands of dollars in medical bills during a travel emergency,” says Dejan Mirkovic, Founder & CEO of Goose Insurance Services as well as Co-Founder & Director of Square One Insurance Services. “Square One modernized home insurance solutions for Canadians, and now Goose is poised to do the same for travel insurance. Consumers deserve to have access, transparency and convenience when it comes to their insurance.”

“Insurance is a space that is ripe for digital transformation and we’re thrilled to support the incredible team at Goose as they take off and modernize the insurance industry,” says Maor Amar, Managing Partner Impression Ventures. “We’re excited to start seeing the positive effects that affordable and convenient travel insurance can have on Canadians.”

According to a research study conducted by Goose, approximately 50% of Canadians are travelling uninsured. And those travelling to the United States by car, and for just one day, are most at risk of travelling without insurance protection. Goose is the first in the industry to offer a day pass that starts at $4 per person, making it the most affordable travel insurance policy in Canada.

How it works: Users download the Goose app, select coverage and click to buy. In less than 60 seconds Goose will provide up to $10 million in travel medical insurance. Once insured, users can use Goose in case of emergency. The app includes hospital locators, 911-equivalents and instant agent chat options. Additionally, the app will send a reminder honk when it detects that the user is near an international airport or US border.

For more information about Goose, visit: https://www.gooseinsurance.com, or download the Goose app in the App Store or get it on Google Play.

About Goose

Founded in 2017, Goose Insurance Services helps ensure Canadians cover their tail feathers when they travel.  Founded to address the gap between the antiquated insurance industry and ‘on-demand’ needs of consumers today, Goose is on a mission to protect Canadians. Pioneering access to mobile-first travel and medical insurance, Goose provides Canadians with unprecedented, affordable coverage, in only 60 seconds, via their mobile app.  For as little as $4 per day, Canadians can be insured for up to $10 million with no lengthy application process, hefty price tags or hidden fees. Goose currently serves British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. Goose is based in Vancouver, BC. It is licensed and regulated by the Alberta Insurance Council, Financial Services Commission of Ontario, Insurance Council of British Columbia, Insurance Council of Manitoba, and the Insurance Council of Saskatchewan.

About Impression Ventures

Impression Ventures is a leading Canadian independent fintech-focused Venture Capital Firm with offices in Toronto and Montreal. They lead late seed or early Series A financing rounds for start-ups by making a first investment of approximately $1.5M. Post financing, they follow up with extensive and ongoing support. Impression’s team of partners and advisors has significant experience as entrepreneurs, software engineers, product managers and financial services executives. Impression Ventures has provided Seed and Series A capital to portfolio companies including Wealthsimple, Sensibill, Brim Financial, Symend, Goose Insurance, Elefant.ai and Finaeo. For more information visithttps://impression.ventures/

Great West Lifeco reports Q2 earnings boost of 17% on increased sales

WINNIPEG _ Insurance company Great-West Lifeco Inc. reports second-quarter net earnings grew by 17 per cent on increased sales and boosted fees.

The Winnipeg-based company says it earned $831 million, or 84 cents per share, compared with $585 million, or 59 cents per share, in the same period of 2017.

The insurer benefited from $60 million after-tax gain from the restructuring of U.S. financing as a consequence of U.S. tax reform and the refinancing of some debt.

For the first half of the year, Great-West Life’s net earnings were $1.56 billion, or $1.58 per common share, compared to adjusted net earnings of $1.33 billion, or $1.34 per common share for the same period last year.

Great-West Life is one of Canada’s largest insurance and wealth management companies and is part of the Power Corporation group of companies, one of Canada’s largest non-bank financial conglomerates.

In April, it signed a deal to acquire a strategic investment in Invesco Ltd. (Ireland), an employee benefit consulting and private wealth management firm for an undisclosed price.

Hub International Acquires The Insurance Business Of Ontario-Based Cypher Systems Group Inc.

HUB to Establish New Canadian Service Center Operation

CHICAGOAug. 2, 2018 /CNW/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the Property and Casualty insurance business of Cypher Systems Group Inc. and certain of its affiliates (CSG), an insurance broker servicing large Canadian Group and Affinity programs. The acquisition also establishes a new regional operation for Hub, Hub Customer Central (HCC), to be based in Windsor, Ontario. Terms of the acquisition were not disclosed.

“Now more than ever, brokers need to understand where their clients really find value to spur investments in efficiencies and create a strategy to differentiate,” said Tina Osen, President of Hub Canada. “Acquiring this best-in-class operation also brings us into the high-volume marketplace. CSG brings expertise in scaling and running operations for large insurance programs, and the capability for new opportunities to accelerate our growth and improve the services we offer our current and future clients.”

HCC will be led by the CSG Executive Team and report to Osen. The team includes Stephen SavageJohn SavageBrian Schwab and Dave Dyer. This team has pioneered and evolved the insurance contact center including the technology and analytics experience to leverage the ever-evolving digital platform of the internet.

“This transition to Hub creates tremendous potential as our business philosophies align well and Hub brings the financial strength and resources to continue to enhance our platform and infrastructure to support even stronger customer service, growth and success,” said Dyer.

About Hub’s M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise.  For more information on the Hub M&A experience, visit WeAreHub.com.

About Hub International
Headquartered in Chicago, Illinois, Hub International Limited (Hub) is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. From offices located throughout North America, Hub’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit hubinternational.com.

SOURCE Hub International Limited

Sébastien Gabez has been appointed new CEO of APRIL Canada

APRIL has appointed Sébastien GABEZ as the new Chief Executive Officer (CEO) of APRIL Canada Inc. Sébastien GABEZ’s role will be to implement the mission to accelerate the business momentum of APRIL Canada Inc. in the property market by shifting the focus of the society on strong value-added lines, and by incorporating a sustained innovation approach to bring customized solutions to its broker clients and insuring partners.

Sébastien GABEZ has been appointed Chief Executive Officer (CEO) of APRIL Canada Inc. to replace Nick KIDD (Sébastien GABEZ’s mission will be to accelerate the development of APRIL Canada Inc. in the property and liability lines by shifting the focus of the society on strong value-added lines, through the identification of new levers of growth, especially through the development of new offers and new innovative, customized services to its broker clients and insuring partners, and by enhancing the management of its network of 1,200 broker partners.

Sébastien GABEZ, age 37, started his career as auditor of Ernst & Young in Lyon, France, where he worked for 5 years. He joined APRIL Group in 2009 and was in charge of financial control and risk management of international operations. He joined APRIL Canada Inc. in Montreal, in 2013, as Chief Financial Officer before taking over as Quebec vice-president of the subsidiary in 2017.

“Through his expertise, knowledge of the industry and his career within APRIL Canada Inc. since 2013, Sébastien GABEZ will strengthen our position in the property and liability lines, building upon Nick KIDD’s accomplishments, and above all, commit APRIL Canada Inc. to strong and sustainable development. APRIL’s ambitions are strong in the Canadian market, as demonstrated by the recent integration of Benecaid within the group which confirms our will to develop our presence.” states Marc-André Dupont, CEO of APRIL’s Property Line.

Western Financial Group announces acquisition of Ontario-based DMW Insurance Ltd.

HIGH RIVER, ABAug. 1, 2018 /CNW/ – Western Financial Group Inc. (“Western”) continues to expand its operation through the acquisition of another Ontario-based brokerage. DMW Insurance Ltd., located in Toronto has joined Western’s brokerage team which serves customers across Canada.

“As the largest insurance broker in western Canada, we recognize the importance of being able to bring our expertise and care for customers into Ontario, the largest insurance market in Canada,” said Kenny Nicholls, Western’s President and Chief Executive Officer (CEO).

“In addition to our technological investments, our awareness of the connected customer and our strategic expansion of locations across Canada, we understand the importance of the customer and broker relationship,” he said. “This acquisition is another opportunity to promote the value of our insurance solutions to Canadians.”

“We welcome DMW Insurance Ltd. founder David Waserman and his team of insurance experts to the Western family. This move is both a positive step forward and a continuation of our growth strategy,” Nicholls said.

DMW Insurance Ltd.

Founded in 1993, DMW Insurance Ltd. is committed to providing optimal insurance quotes and securing the right insurance solutions for customers primarily across TorontoEtobicokeNorth YorkRichmond Hill and Scarborough. As an insurance broker, DMW provides personal and business insurance services to clients and  prides itself on its capacity to generate online leads in today’s digital landscape.

Western Financial Group Inc.

Western is a diversified insurance services company that is focused on creating security and has provided over one million Canadians the right protection for more than 100 years. Headquartered in High River, Alberta, Western provides personal and business insurance services through 179 locations, its affiliates and a variety of connected channels, with an engaged team of approximately 1,800 people.

Western is a subsidiary of Trimont Financial Ltd., a subsidiary of The Wawanesa Mutual Insurance Company.

SOURCE Western Financial Group

ICBC announces permanent CEO

July 13, 2018

ICBC’s board chair, Joy MacPhail, is pleased to announce the permanent appointment of Nicolas Jimenez as ICBC’s president and CEO. Mr. Jimenez has served as ICBC’s interim president and CEO since January of this year.

After a thorough international search, the board of directors felt Mr. Jimenez was the right candidate given his proven experience with the company and the strategic leadership qualities he has shown over the past six months, in particular, helping to guide ICBC through a suite of historic changes.

The board of directors are looking forward to continuing to work with Mr. Jimenez to create a sustainable auto insurance system which strikes the balance between increased care for the injured, more affordable and fair rates for all, and less spent on legal and automotive repair costs.

Mr. Jimenez has many years of knowledge and experience in public insurance. Most recently, he was ICBC’s vice president of Insurance Strategy, Product and Pricing. Prior to joining ICBC, Mr. Jimenez worked in strategy and public sector management, including roles with the Government of Canada, BC Hydro and IBM Global Business Services.

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