It’s summer break time for ILSTV News

It’s summer break time for ILSTV News

Our annual summer break is now upon us, and we will return on Sept. 6th. 

Until then, all of us at ILSTV wish all of our readers a safe and happy summer season!

Please remember to visit our website for major industry news that may break while we’re away. www.ilstv.com

For subscribers to the ILSTV insurance industry newsletter, your daily dose of Canadian insurance news returns to your inbox on Wednesday, Sept 6th.

Get free and instant access to the day’s news with the ILSTV Daily Newsletter, or receive email updates every Friday with a five-day insurance news overview with the ILSTV Weekly Newsletter. Sign up here: Newsletter Sign Up

You can also register for our insurance training programs online, anytime, at ILScorp.com

Gore Mutual Insurance Company to Acquire Howard Noble Insurance Limited

June 28, 2017 /CNW/ – Gore Mutual Insurance Company has agreed to acquire Howard Noble Insurance Limited (“Noble Insurance”), a leading regional broker in Georgian Bay and Simcoe County.

“Gore Mutual has a long history of supporting insurance brokers in communities across Ontario, and this investment reflects our ongoing commitment to the channel as a modern mutual company,” said Gore Mutual President and CEO, Heidi Sevcik. “Today’s announcement will ensure that Noble Insurance remains a trusted, local broker providing great solutions to customers from a wide range of insurers.”

Sevcik noted that Noble Insurance will continue to operate in Collingwood, Barrie and Alliston, separately from Gore Mutual and its other owned brokerages, St. Clair in Windsor and Jamieson Hilts in Woodstock. Sevcik also said that Gore Mutual makes investments in brokers that include financing, private equity and full ownership, reinforcing the company’s commitment to the future of brokers through strategic alliances.

“We believe there is a bright future for the next generation of modern brokers,” said Gore Mutual Vice President Distribution, Paul Jackson. “We are developing new alliances to enable investments in digital and in-store customer experiences, recognizing that some brokers have new models of ownership while others are fiercely independent. We continue to stand shoulder to shoulder with brokers of all kinds.”

Aligned with Gore Mutual’s focus on developing talent within the brokerage network, the company has announced that Shelley Vermeersch will assume leadership of Noble Insurance as Managing Director. She’s a 25-year veteran with Noble Insurance and brings extensive experience and relationships to the role.

Shelley Vermeersch commented, “I’m very proud of Noble Insurance and excited to lead the business into this exciting new phase, investing in technology, marketing and new solutions for our clients.”

“Gore Mutual is a great Canadian company with strong links to our community in Collingwood,” said Wayne Noble, retiring President at Noble Insurance . “The Gore Mutual Foundation has supported the General & Marine Hospital Foundation, the Georgian Triangle Hospice Foundation and My Friend’s House. They were our first insurance company contract in 1946, and I’m looking forward to seeing Noble Insurance grow in alliance with Gore Mutual.”

About Noble Insurance

Established in 1945, Noble Insurance has a rich history of providing personal, business and farm insurance to customers in the Georgian Bay area. Based in Collingwood, the company is a recognized and trusted brand, with over 40 employees offering products from a wide range of general and specialty insurers through three branch locations.

About Gore Mutual

Founded in 1839, Gore Mutual is Canada’s oldest property and casualty insurer, with over $410M in premiums and over $1BN in assets as of December 31, 2016. Based in Cambridge ON and Vancouver BC, this Canadian-owned and operated mutual company employs over 350 people and is known for its investment in people, technology and innovation. With a long standing commitment to genuine personal service, and with InsurTech partnerships such as BrokerLift, Gore Mutual is an unwavering supporter of its network of insurance brokers, who offer the highest standards of service, choice and advocacy to Canadian customers. Gore Mutual was voted the #1 insurance company by the Insurance Brokers Association of Ontario (IBAO) in 2014 and certified as a “Great Place to Work” in 2016. The Gore Mutual Foundation strengthens Canadian communities by supporting local initiatives and has donated more than $10M to over 650 charities.

SOURCE Gore Mutual Insurance Company

The Personal, one of Canada’s largest group insurers, has launched a new website

The Personal, one of Canada’s largest group insurers, has launched a new website – www.thepersonal.com  – dedicated to enhancing the online experience of its customers and their almost 1 million policies.

Since 1974, The Personal has been providing home and auto group insurance to members and employees of over 700 partner organizations across Canada. What sets it apart is its ability to create a special affinity with each group and to deliver customized insurance solutions. The new website was developed with these principles in mind.

“It’s essential that our group partners and potential customers have easy and user-friendly digital access to our people, products, services and information; this new website is an exciting development that accomplishes that,” says Paul Douglas, Senior Vice President of The Personal.

Among the website’s new and enhanced features:

  • A group selector—when visitors choose their group and province, they’re directed to personalized content, including contests, offers, products and group-specific campaigns
  • Competitive, targeted offers adjusted to a changing marketplace
  • Simple, intuitive navigation that adapts to all screen formats, from desktop computers to mobile devices
  • A powerful, user-friendly website that includes innovative features, image and video-rich content and social media integration

www.thepersonal.com

TD’s Kenn Lalonde appointed Chair of the Board of Directors IBC

Insurance Bureau of Canada (IBC) is pleased to announce that its Board of Directors has elected Kenn Lalonde to serve as Chair of the Board. Mr. Lalonde is President and CEO of TD Insurance. He has also served on IBC’s Board of Directors as Deputy Chair.

“This is an important time for Canadian insurers as the industry faces more challenges than ever before and, as the voice of Canada’s property and casualty insurance industry, IBC is in a unique position to help advance much-needed public policy discussions,” said Mr. Lalonde. “These challenges span from climate change and more severe weather events to auto insurance reforms, to new technologies and industry disruptors. Through IBC, we will continue to engage governments and stakeholders across Canada to turn challenges into opportunities and ultimately benefit Canadian consumers. I look forward to continuing this important work and representing the shared values of our industry with IBC and its Board.”

Mr. Lalonde has over two and a half decades of experience in the financial services sector in both Canada and the United States and holds his Director’s Certification (ICD.D) from the Institute of Corporate Directors. He has been serving in his current role at TD since September 2012 and was named to the bank’s Senior Executive Team in January 2016. Prior to joining TD, Mr. Lalonde held executive roles at CUNA Mutual Group, CUMIS Group and CIBC where he led multiple business lines including its insurance business.

“Kenn brings a wealth of experience and knowledge to this role, backed by decades of work in the financial services sector,” said Don Forgeron, President and CEO, IBC. “We look forward to working with him on several issues aimed at helping consumers and keeping Canada’s insurance industry strong and robust. With Kenn’s leadership, IBC will continue to advance its strategic priorities with communities, stakeholders and governments across the country.”

About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada’s private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.

P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 120,000 Canadians, pays $9 billion in taxes and has a total premium base of $49 billion.

For media releases and more information, visit IBC’s Media Centre at www.ibc.ca. Follow IBC on Twitter @InsuranceBureau or like us on Facebook. If you have a question about home, auto or business insurance, contact IBC’s Consumer Information Centre at 1-844-2ask-IBC.

If you require more information, spokespeople are available to discuss the details in this media release.

SOURCE Insurance Bureau of Canada

Great West Lifeco to acquire financial services firm Financial Horizons Group

WINNIPEG _ Great-West Lifeco Inc. (TSX:GWO) has signed a deal to acquire Financial Horizons Group, which has 30 offices across Canada.

Financial terms of the deal were not immediately available.

Financial Horizons is a managing general agency that provides insurance and other products and services to financial advisers.

Great-West says the existing management team, including Financial Horizons founder and chief executive John Hamilton, will remain in place and continue to run the business.

Hamilton is the second largest shareholder in Financial Horizons after San Francisco-based private equity firm Genstar Capital, which owns a 72 per cent stake.

The acquisition is subject to regulatory approval and customary closing conditions.

The ILScorp offices will be closed Monday, May 22, 2017, to mark the Victoria Day holiday.

The ILScorp offices will be closed Monday, May 22, 2017, to mark the Victoria Day holiday.

Long weekends are an excellent break from the craziness of work. Unfortunately, they can often slip away quite quickly, somehow leaving you with more to do than before the weekend started and no idea of where your time went. So how can you make the most of your long weekend?

First, get your CE done. Does it sound lame? You bet. Will you be glad you did it? Yes. Get online and get to work. You know you’re going to be completely slammed at the end of  May, that’s just how things work.

So a least get a head start this weekend, spend a few hours completing your CE requirements, instead of fruitlessly trying to find time at the end of the month when you’re stressed out. With ILScorp accredited continuing education courses, you have unlimited access anytime and anywhere you have an internet connection. You can complete your CE on the patio, at the beach or wherever the long weekend takes you. True, not many people like looming continuing education deadlines, or studying/working on the weekend, but nearly everyone likes the bragging rights of when they’re DONE. Just focus on how much better things will feel afterwards.

The best part? Completing your CE online with ILScorp is fast and easy. You’ll have time to do all the long weekend fun stuff, and you won’t have to feel guilty or stressed.

ILScorp and ILSTV wish you a productive, safe and fun May long weekend. Your weekly dose of insurance news returns to your inbox on May 24.

Please note our offices will be closed Monday MAY 22.

You can still purchase or renew your ILS CE Subscription online and access your courses anytime and anywhere you have an internet connection.

 

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