Aviva Canada signs Toronto Maple Leafs goalie

TORONTONov. 12, 2018 /CNW/ – Today, Frederik (Freddie) Andersen joins the Aviva Canada team as brand ambassador for Maple Leafs Insurance Provided by Aviva. Freddie has signed an agreement with Aviva Canada to market the home and auto insurance fan branded program.

“It’s an honour to officially join the Aviva Canada team,” said Freddie Andersen, goaltender for the Toronto Maple Leafs. “As a professional goaltender, I know I can empower my teammates to play their best by protecting our net when we need it most. I’m joining the Aviva Canada lineup because I think our fans and community should feel they’re covered when they need it most as well.”

“Freddie is our first overall draft pick, and we’re thrilled to have him in our lineup,” says Ben Isotta-Riches, Chief Partnerships Officer at Aviva Canada. “We’re looking forward to working with him to represent Maple Leafs Insurance Provided by Aviva, including special promotions and events for both fans and customers.”

Maple Leafs Insurance Provided by Aviva has all the benefits of great home and auto insurance while getting Leafs fans closer to the team they love. For more information, fans can visit leafsinsurance.com.

Kicking off this partnership with a marketing campaign, fans will see Freddie featured in a series of ‘Freddie-level protection’ digital commercials starting today.

About Aviva Canada

Aviva Canada is one of the leading property and casualty insurance groups in the country, providing home, automobile, leisure/lifestyle and business insurance to 2.8 million customers. A subsidiary of UK-based Aviva plc, Aviva Canada has more than 4,000 employees focused on creating a bright and sustainable future for their customers and communities.

Aviva Canada invests in positive change through the Aviva Community Fund, Canada’s longest running online community funding competition. Since its inception in 2009, the Aviva Community Fund has awarded $8.5 million to over 280 charities and community groups nationwide. Aviva Canada, bringing over 300 years of good thinking and insurance solutions to Canadians from coast-to-coast.

For more information, visit aviva.ca or Aviva Canada’s blogTwitterFacebook and LinkedIn pages.

 

SOURCE Aviva Canada Inc.

Olympic insurance policy was a stroke of brilliance

LICIA CORBELLA 

In short, the bid was saved by insurance and a stroke of brilliance by desperate Calgary 2026 believers determined to not waste two years of hard work and allow a $4.4-billion injection into the local economy to go up in flames.

It was the evening of Monday, Oct. 29, and the City of Calgary and the province of Alberta could not fill a $200-million gap of public money needed to get a resulting match from Sport Canada.

The province stayed firm on only promising $700 million toward the Games. It is proposed Calgary would put forward $370 million.

When asked Tuesday night during a meeting of the 2026 Winter Games assessment committee at city hall, Mary Conibear of Calgary 2026 said it was the bid committee that came up with the idea of using insurance to leverage more money out of the feds in five days of intensive negotiations between all levels of government and the bid corporation.

Under the proposal, the city would spend $20 million more on capital cost overrun insurance to get $200 million of insurance money and the federal government promised to match those funds at the $200 million level. The city puts in $20 million to buy insurance and the feds pay $200 million. It’s a sweet deal for Calgary and Alberta.

As Mayor Naheed Nenshi explained: “The federal government had said, ‘we will go up to $1.435 billion but you’ve got to find a way to match (the funds)’ and the issue was we didn’t have the matching funds so this whole idea of insurance . . . was actually pretty brilliant, which found a way for the city to stay within its mandate to get a much greater match from the federal government.”

Sport Canada will fund up to 50 per cent of any public money used for a large multi-sport event. This is a way for Albertans to get some of their money back.

Tuesday night, Nenshi explained further that “it really was a joint creation of the city, BidCo and the feds. To their credit, the federal public servants really understood our problem and tried to solve it with us. I just wish we had done it in June.”

That, of course, would have been ideal, considering that Calgarians started voting in advance polls on Tuesday, which continues on Wednesday prior to plebiscite day on Nov. 13.

Tuesday night, Calgary 2026 CFO Drew Fitch presented the committee with a report on how cost overrun insurance will work.

AON, the world’s second-largest insurance broker and also the City of Calgary’s insurance broker, said obtaining insurance for Calgary’s Olympic insurance capital plan was “manageable” and that “everyone has been down this road in every North American bid.”

Here’s how it will work. Each project will be individually insured, including the 11 renewed venues, two new venues (field house and mid-sized arena) and housing for the Olympic Village (that will be converted into affordable housing after the Games, should Calgary win the bid.)

With a $20-million insurance policy, Calgary will be covered for $200 million in capital cost overruns caused by wage increases, weather-related delays and other unforeseen issues, but the insurance will not cover price hikes caused by changing the scope of the project or overruns caused by contractors (hence the need for guaranteed maximum price contracts).

The deductible would be 10 per cent of any specific project cost, so a $5-million project will cost $500,000 as a deductible, should a claim be made.

The bonus here is that the federal government will match not the $20-million outlay by the city for the insurance premium, but for the whole $200 million — a $180-million gain for Calgary.

This insurance plan is over and above $1.1 billion of contingencies built into the bid.

Scott Hutcheson, Calgary 2026’s board chair — which is a volunteer position — addressed the council committee only briefly, as he had to drive to Canmore for its vote later Tuesday night on whether to be involved in the Olympic bid. Canmore’s town council bid 6-1 in favour of supporting the bid.

After apologizing for being rude during questioning by some councillors last week, Hutcheson said: “My hope is that whatever the final outcome of next week’s plebiscite is, that we can look forward to working together in the future in the common pursuit that I know we all share passionately, and that is to build our community and make it the best we can for our children and our children’s children.”

The best insurance policy toward that aim is winning this Olympic bid.

Source: Calgary Herald

Hub International Acquires The Assets Of Saskatchewan-Based Tri-Line Agencies Inc.

 Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Tri-Line Agencies Inc. (Tri-Line Agencies). Terms of the transaction were not disclosed.

Tri-Line Agencies is a full-service, independent insurance brokerage headquartered in Rose Valley, Saskatchewan, Canada offering personal and commercial insurance solutions, as well as specializing in government automobile and farming solutions. Eugene Danko, owner of Tri-Line Agencies, will join Hub Manitoba.

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 is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in 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 www.hubinternational.com.

CONTACT:
Media: Marni Gordon
November 7, 2018
Phone: 312-279-4601
Marni.gordon@hubinternational.com
M&A: Clark Wormer
Phone: 312.279.4848
Clark.wormer@hubinternational.com

 

SOURCE Hub International Limited

New CEO for Kitchener-based Allianz Global Assistance Canada

Waterloo Region Record

KITCHENER — Travel insurance provider Allianz Global Assistance Canada has a new chief executive officer.

Chris Van Kooten

Chris Van Kooten is the new CEO of Allianz Global Assistance Canada. – Allianz Global Assistance Canada

Chris Van Kooten was most recently managing director at Guy Carpenter Canada, and has also held actuarial roles at The Co-operators General Insurance Co. and Economical Insurance.

Kitchener-based Allianz Global Assistance Canada provides travel insurance and assistance services, and also serves as an outsource provider for inbound call centre services and claims administration for insurers and credit card companies. With more than 800 employees, Allianz Global Assistance Canada is part of the Allianz group of companies.

Tactics used to sell credit card balance protection ‘problematic’ and ‘high risk’ to consumers, watchdog says

Read more

Hub International Acquires Ontario-Based Proteus Performance Management Inc.

 Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired Proteus Performance Management Inc. (Proteus). Terms of the transaction were not disclosed.

Headquartered in Toronto, Ontario, Canada, Proteus provides specialized pension plan governance and investment consulting to corporate plan sponsors, not-for-profit organizations, trusteed plans, public plans, foundations and endowments. Proteus has ranked in the top decile for overall quality of investment consulting services in the 2017 Greenwich Associates Survey for U.S. and Canadian Institutional Investors Research.

“Proteus is considered among the leaders in the field of governance and investment consulting, and prides itself in providing trusted advice to clients,” said Gregory Belton, Executive Chairman of Hub Ontario. “They have a talented team whose experience will bring a unique perspective and substantially strengthen our Canadian pension consulting capabilities.”

The move further demonstrates Hub’s ongoing Canadian employee benefits and pension consulting growth strategy to assemble best-in-class capabilities and entrepreneurial talent across Canada to develop a complete employee benefits and pension solution.

Peter Henry, President of Proteus, and Senior Vice Presidents Gord Lewis and Ryan Kuruliak, will join Hub Ontario and report to Mr. Belton.

“This is an exciting and significant move for Proteus,” said Mr. Henry. “Proteus can continue to focus on our core mission – providing award winning pension plan governance and investment consulting services to our clients, but now with the added benefit of Hub’s leading corporate reputation, presence across the country and similar entrepreneurial culture. Our partnership with Hub will further strengthen the quality of service we provide our clients and the confidence our clients have with our firm.”

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 is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in 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 www.hubinternational.com.

SOURCE Hub International Limited

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