Berkshire Hathaway Specialty Insurance Appoints Andrew Adams as Head of Surety in Canada

Business Wire

BOSTON & TORONTO — Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has expanded its global surety team with the addition of Andrew Adams as Head of Surety in Canada.

In this new role, Andrew will establish and expand BHSI’s contract and commercial surety relationships throughout Canada.

“With extensive experience in the local surety market, Andrew will lead our efforts to provide sustainable surety solutions with responsive service to customers across Canada,” said Courtney Walker, Senior Vice President, Surety, BHSI. “We are pleased to welcome him to BHSI’s growing surety team.”

Andrew comes to BHSI with more than 25 years of surety underwriting experience. He began his career at the Guardian Insurance Company of Canada and Zurich Canada, and was most recently Vice President, Surety, Canada, at AIG. He holds a bachelor’s degree in Economics from York University in Toronto.

Berkshire Hathaway Specialty Insurance (www.bhspecialty.com) provides commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, accident & health, medical stop loss, and homeowners insurance. The actual and final terms of coverage for all product lines may vary. In Canada it underwrites on the paper of National Liability & Fire Insurance Company, a part of Berkshire Hathaway’s National Indemnity group of insurance companies, which hold financial strength ratings of A++ from AM Best and AA+ from Standard & Poor’s. Based in Boston, Berkshire Hathaway Specialty Insurance has offices in Atlanta, Boston, Chicago, Houston, Indianapolis, Irvine, Los Angeles, New York, San Francisco, San Ramon, Seattle, Stevens Point, Adelaide, Auckland, Brisbane, Cologne, Dubai, Dublin, Hong Kong, Kuala Lumpur, London, Macau, Madrid, Melbourne, Munich, Paris, Perth, Singapore, Sydney and Toronto.

Economical employees celebrate GivingTuesday by donating $65,000 to Canadian charities

WATERLOO, ON, Dec. 3, 2019 /CNW/ – This GivingTuesday,  Economical Insurance is granting donations to 14 community-based organizations across Canada through its employee-driven Choose Your Charity program.

Giving back to communities has always been and will continue to be a part of the story that defines Economical. This year marks the fourth anniversary of Choose Your Charity, a program that empowers employees from the Economical family of companies to nominate and vote for charities in their regions across Canada to receive individual donations of $5,000. Since the program’s inception, Economical has granted $222,500 to worthy causes nationally – including this year’s total of $65,000.

“Economical Insurance is committed to supporting causes that drive positive change in the communities where we live and work,” said David Bradfield, Vice-President, Marketing and Communication at Economical Insurance. “We’re proud to continue building a legacy that enables our teams to advocate on behalf of the causes nearest to their hearts.”

Each organization benefiting from this annual giving campaign is making a difference in the communities where Economical employees, brokers, and customers call home.

The 2019 Economical Insurance Choose Your Charity recipients are:

Location

Charity

Amount

Vancouver

BC Children’s Hospital Foundation

$5,000

Edmonton

Youthwrite Society Canada

$5,000

Calgary

Youthwrite Society Canada

$5,000

Winnipeg

Winnipeg Humane Society

Children’s Rehabilitation Foundation

$2,500

$2,500

London

Ronald McDonald House Charities Southwestern
Ontario

$5,000

Woodstock

Sakura House

$5,000

Waterloo

Nutrition for Learning

Canadian Mental Health Association Waterloo
Wellington

$2,500

$2,500

Kitchener

The Humane Society of Kitchener Waterloo &
Stratford Perth

$5,000

Mississauga

SickKids Foundation

$5,000

Toronto

The Shining Through Centre

$5,000

Ottawa

Children’s Hospital Eastern Ontario (CHEO)

$5,000

Montreal

Bouffe pour tous

$5,000

Halifax

Nova Scotia SPCA

$5,000

As a proud supporter of Canadian charities and causes that directly protect the safety and security, youth and education, and health and wellness of Canadians — Economical remains focused on driving true change for Canadians through community funding.

About Economical Insurance

Economical Mutual Insurance Company (“Economical” or “Economical Insurance”, which includes its subsidiaries where the context so requires) is a leading property and casualty insurer in Canada, with approximately $2.5 billion in annualized gross written premiums and $5.9 billion in assets as at September 30, 2019. Economical is a Canadian-owned and operated company that services the insurance needs of more than one million customers across the country.

SOURCE Economical Insurance

www.economical.com

Genevieve Fortier Appointed Chief Executive Officer of Promutuel Insurance

QUEBEC CITY, Nov. 25, 2019 / The Board of Directors of Promutuel Insurance is pleased to announce the appointment of Geneviève Fortier as Chief Executive Officer. She succeeds Normand Morin, who has served as interim CEO since April 2019. Ms. Fortier officially takes office on December 16.

Recognized by her peers in the Quebec business community for results-driven and people-centered leadership, Geneviève Fortier will be joining an organization aiming to reach new heights of excellence by providing its insured members with a differentiated customer experience and innovative product offerings, buttressed by a dynamic network of partners. The professional qualifications and management values of our new CEO will help PromutuelInsurance pursue its growth and consolidate our network of mutuals, which are extremely active throughout Quebec.

Ms. Fortier is a CHRP Fellow (conferred by Quebec’sassociation of certified human resource professionals), with bachelor’s and master’s degrees in industrial relations from Université Laval. She has held key senior executive positions including, most recently, Senior Vice President, Sales and Distribution, at SSQ Insurance.

In 2017 Geneviève Fortier was named one of Canada’s 5 Most Influential Women in Human Resources and Diversity. She was also a finalist for the 2015 Alpha Business Personality of the Year award, and winner of the 2014 Quebec Businesswoman of the Year Award (large enterprise category).

Geneviève Fortier is a seasoned corporate director who has chaired the board of the CHUM (Montreal UniversityHospital) since 2015, and sits on the boards of Sanimax and Germain Hotels, where she chairs the Governance and Human Resources Committee.

She is a Leader of Effet A, an innovative program designed to provide women concrete tools to advance their careers and fast-track their professional development. She also recently co-chaired an $11 million fundraising campaign for FitSpirit, an organization dedicated to encouraging girls aged 12 to 17 to get physically active.

Quotations
“We were looking for a leader with a strong strategic and holistic view to spearhead our growth among Quebec’sleading damage insurers, while cultivating ever-closer ties with our insured members and our large network of mutuals. Geneviève Fortier is well-known not only for her leadership, but also for her ability to put people at the heart of everything she undertakes. We are confident having her join Promutuel Insurance will strengthen our organization and our team as we pursue robust growth, thanks to the support of our highly satisfied insured members.”

Yvan Rose, Board Chair, Promutuel Insurance

“I am delighted to join Promutuel Insurance, to help pursue the profitable growth of one of Quebec’s flagship insurers. I am joining a talented and experienced team that works wholeheartedly to create a differentiated experience for its insured members. Together with our 1,925 employees and partners, we will work to deliver innovative products and solutions and an efficient, modern, simplified insured member experience.”

-Geneviève Fortier, Chief Executive Officer, Promutuel Insurance

About Promutuel Insurance
Promutuel Insurance is one of the biggest damage insurers in Québec. Known for its financial stability, superior products, and outstanding customer service. It boasts 1,925 employees serving more than 630,000 insured clients. Promutuel Insurance’s mission is to promote and provide insurance products that meet the needs of its clients. In doing so it provides exceptional, personalized service while fostering the mutualist values that have guided it for 167 years.

Promutuel Assurance
Promutuel
Promutuel

SOURCE Promutuel Assurance

AM Best affirms “A- (Excellent)” rating for Economical Insurance

WATERLOO, ON, November 15, 2019 — AM Best affirmed today the financial strength rating of A- (Excellent) and issuer credit rating of “a-” for Economical Mutual Insurance Company.  The outlook for these ratings remains stable.

“We are pleased that AM Best has once again affirmed its ratings and stable outlook for Economical, which demonstrates our continued financial strength,” said Philip Mather, executive vice president and chief financial officer of Economical Insurance. “Economical is committed to being a strong, stable and disciplined company as we pursue demutualization and prepare to become a publicly-traded company.”

In its rating announcement, AM Best acknowledged Economical’s strong capitalization and commitment to organizational and operational transformations through investments in its personal lines broker business and development of its digital direct brand Sonnet.

For more information about AM Best’s ratings, visit www.ambest.com This is an external link.

About Economical Insurance

Economical Mutual Insurance Company (“Economical” or “Economical Insurance”, which includes its subsidiaries where the context so requires) is a leading property and casualty insurer in Canada, with approximately $2.5 billion in annualized gross written premiums and $5.9 billion in assets as at September 30, 2019. Economical is a Canadian-owned and operated company that services the insurance needs of more than one million customers across the country.

ARAG Canada Appoints Senior Advisor

DÜSSELDORF, Germany and TORONTO, Oct. 22, 2019 /CNW/ — ARAG Services Corporation, the Toronto-based subsidiary of the ARAG Group, has appointed Barbara Haynes as Senior Advisor.

Barbara will support the Canadian leadership team, providing strategic advice on business development and positioning ARAG as an innovative and successful partner for legal protection in the Canadian market.  Previously she was Founding President & CEO of a Canadian Legal Expenses Insurer for whom she set up the Canadian LEI business and led the company for nine years. She currently acts as an Independent Director in the insurance industry. A seasoned professional with almost 40 years of experience in the Canadian insurance industry, Barbara has a proven track record of driving growth and operational excellence.

ARAG Services Corporation was incorporated in 2015 and officially launched in 2016 in Canada as an insurance intermediary and is part of the German ARAG Group, a global leader in legal expenses insurance for over 80 years. The company provides innovative and comprehensive legal expenses products for intermediaries, underwriting agents and insurers in Canada. These legal protection products are designed for businesses, families, drivers and landlords.

About ARAG

The ARAG Group is the largest family-owned enterprise in the German insurance industry and has positioned itself as a versatile quality insurer. In addition to specializing in legal insurance, ARAG also offers its customers attractive, needs-based composite, health and retirement products and services from a single source in Germany. Active in 18 countries – including the USA, Canada and Australia. ARAG is also represented by international branches, subsidiaries and shareholdings in numerous international markets in which it holds a leading position as a provider of legal insurance and legal services. With more than 4,100 employees, the Group generates revenue and premium income totaling around 1.7 billion EUR.

More at:  www.arag.com  /  www.arag.ca

SOURCE ARAG

SSQ Insurance participates in a unique research project with Le Pole Sante – HEC Montreal

QUEBEC CITY, Oct. 10, 2019 /CNW Telbec/ – SSQ Insurance is proud to partner up with Le Pôle Santé – HEC Montréal to study the link between health and wellness management practices in the workplace and the most common insurance claims made by employees. By participating in such a project, the insurer hopes more will be learned about the impact that corporate practices have on the health of individuals, and help participating companies apply the findings to improve the health and wellness of their employees.

For this study, SSQ Insurance will be soliciting some of its group insurance planholders. Data gathered on a voluntary and confidential basis will be used to identify promising health and wellness workplace management strategies. These will be based on each sector’s context, in an effort to curb financial, human and social costs, improve quality of life at work as well as bolster performance and productivity. Companies who participate in the study and follow its recommendations could reap significant benefits.

The climate that Canadian companies find themselves in confirms the need for such a study. Currently, several millions of Canadians are living with a chronic illness, making it the most common category of illness. Of all chronic illnesses, mental disorders will be the number one cause of disability in high-income countries by 2030. The loss in productivity caused by mental disorders will cost Canadian companies $198 billion by 2041 – the current cost of Canada’s public health insurance plan1.

“Health problems at work and professional burnouts plague all sectors. We are very proud to partner up with Le Pôle Santé – HEC Montréal in order to help companies fight mental health issues and take concrete action for the health and wellness of their employees. This initiative is a testament to SSQ Insurance’s concern for its customers’ health,” said Geneviève Fortier, Senior Vice-President – Sales and Distribution, SSQ Insurance.

This research project, conducted with the Le Pôle Santé – HEC Montréal, is an extension of SSQ Insurance’s HealthInSight program and the initiatives spearheaded by its Innovation Team. Designed as an incentive for developing healthy habits in insureds, the Health InSight Program instills and fosters awareness by applying tangible solutions adapted to each workplace.

For more information about Le Pôle Santé – HEC Montréal, please visit polesante.hec.ca (French only).

About SSQ Insurance
Founded in 1944, SSQ Insurance is a mutualist company that puts community at the heart of insurance. With assets under management of $12 billion, SSQ Insurance is one of the largest companies in the industry. Working for a community of over three million customers, SSQ Insurance employs over 2,000 people. Leader in group insurance, the company also sets itself apart through its expertise in individual life and health insurance, general insurance and the investment sector. For more information, please visit ssq.ca.

1.

Sources:

Mathers, C.D. and Loncar, D., Projections of Global Mortality and Burden of Disease From 2002 to 2030, PLoS Medicine, vol. 3, no 11 (2006), p. e442.

Roberts, G. and Grimes, K. (2011), Return on investment: mental health promotion and mental illness prevention, Canadian Policy Network at the University of Western Ontario, March, 67 pp.

Smetanin, P., Stiff, D., Briante, C., Adair, C.E., Ahmad, S. and Khan, M. (2011). The life and economic impact of major mental illnesses in Canada: 2011 to 2041. RiskAnalytica on behalf of the Mental Health Commission of Canada.

SOURCE SSQ Insurance

ssq.ca

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