The Co-operators Group Limited Appoints New Executive Vice-President and Chief Financial Officer

Source: The Co-operators

Karen Higgins, current VP Finance, Life Operations, The Co-operators, has been appointed to the role of Executive Vice-President and Chief Financial Officer (CFO), effective June 1, 2018.

The Co-operators today announced the appointment of Karen Higgins as its new Executive Vice-President and Chief Financial Officer (EVP & CFO). Higgins has spent the last 20 years in progressive senior financial roles within the insurance and financial services industry, including the last 10 within The Co-operators organization leading a number of key financial initiatives.

“Karen’s reputation as a respected and effective leader is highlighted in her track record of building high performing teams, particularly during times of significant change with a keen focus on motivation, development and succession. Over the past 10 years, her impact has been evident across the organization through the trusted business partnerships she’s built to deliver exceptional results,” says Rob Wesseling, President and CEO. “After a rigorous search that included many highly qualified internal and external candidates, we’re confident that Karen is well positioned to take on her new responsibilities.”

Higgins joined The Co-operators in 2008 as VP, Corporate Finance. In 2011 she took on the role of VP Finance, Property and Casualty Operations (CGIC, COSECO, CUMIS General) where she led a team responsible for financial analysis, decision support, reporting and planning. In 2017 she took on her current role leading the finance team within Life operations (CLIC and CUMIS Life) where she oversees financial analysis and valuation of the organizations, in support of business strategies, initiatives and operations. Before joining The Co-operators, she held similar leadership roles at Clarica Life, Sun Life and Seniors Money Limited.

“The opportunity to lead the finance organization at The Co-operators is a privilege, particularly as we develop our new four-year organizational strategy,” says Higgins. “Succeeding Bruce West in this role is an honour, and after 11 years of such profound leadership, where he built a strong foundation of great people and processes, I have big shoes to fill. I am very excited to carry this forward into the future, while working with our partners to build on our solid performance, seize new opportunities and challenges, and lead our organization to further success.”

Higgins earned her Chartered Director designation through The Directors College in 2016 and her Chartered Professional Accountant designation in 1990. In addition to her Honours BA and Business diploma from Wilfrid Laurier University, she completed Harvard Business School’s Leadership program and the Change Management program from Wharton Business school.

She is actively involved in her community as a board member (Vice-Chair) of St. Joseph’s Health Centre Guelph and the St. Joseph’s Health Centre Foundation.

Higgins replaces EVP and CFO, Bruce West, who announced his retirement earlier this year.

New Course – Individual Disability Income Insurance and Related Policies

This course will focus on individual disability income insurance policies, also referred to as disability insurance of disability income replacement insurance. The information provided is of a general nature and is not intended to be an intensive study of this area of insurance.

By the end of this course you will be able to:

  • Classify basic categories of individual disability, accident and sickness policies
  • Describe general information related to individual disability income insurance policies

Become an ILScorp group member to save even more.

Included as part of the ILScorp Life/A&S CE Subscription.

Access Duration from the Date of Purchase: 6 months
Credit Hours: 1
Credit Type: Life/A&S – Technical
Credit #: AIC #48000; MB#30085
Accrediting Provinces: BC, AB, SK, MB, ON

 

Hub International Acquires The Shares Of Quebec-Based The dElta Group

Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the shares of Les Avantages Sociaux Delta Inc., operating as The dElta Group. Terms of the acquisition were not disclosed.

With offices in the greater Montreal area, The dElta Group is a multidisciplinary benefits brokerage that provides support and actuarial services for group insurance and retirement plans, as well as human resources and disability management, for mid-size and large businesses in Canada. The company is the result of an amalgamation of Les Advantages Sociaux Delta Inc., Ressources Humaines Delta Inc., and Le Groupe Financier Tanner-Deland Inc.

“Since founding The dElta Group more than 20 years ago, our goal has always been to be a strategic employee benefits and HR partner for clients,” said Roger d’Eschambault, Founder and Chairman of The dElta Group. “By joining Hub, we gain scale and the infrastructure for tremendous growth given the multitude of additional resources and capabilities that exist within Hub. This will allow us to provide even more tailored benefits solutions for our clients while maintaining our highly personal approach to administering benefits and retirement plans.”

The dElta Group team will join Hub Quebec, and d’Eschambault will report to Stephen Blais, President of Hub Quebec.

“The dElta Group has earned a strong reputation in the employee benefits and retirement industry based on its experience, relationships with the pension plan providers in Canada and a client-centric approach to servicing hundreds of Canadian companies,” said Blais. “We’re excited to welcome The dElta Group team to Hub as they will strengthen our benefits and retirement offering throughout Canada.”

“We remain committed to acquiring firms that are focused on enhancing the client experience through a culture of collaboration and building a robust set of complimentary services that round out the benefits and HR experience for our clients,” said Mike Barone, Hub’s North American President of Employee Benefits. “The dElta Group is a great fit for our strategy, and we’re thrilled to welcome Roger and The dElta Group to Hub.”

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.

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

 

SOURCE Hub International Limited

Hub International Acquires Alberta, Canada-Based Carlton Insurance Brokers Inc.

Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the shares of Carlton Insurance Brokers Inc. (C.I.B.). Terms of the acquisition were not disclosed.

Headquartered in Jasper, Alberta, C.I.B. offers personal and commercial insurance and specializes in solutions for the transportation industry. C.I.B’s focus on the transportation industry supports Hub’s recent launch of its Specialty practices by complementing and strengthening Hub’s existing solutions in Canada.

The C.I.B. team will join Hub Barton, and Tony Carlton, CEO of C.I.B., will report to Doug Lyall, VP of Sales, Hub Barton, and Elizabeth Fiegehen, VP of Operations, HUB Barton.

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.

May 1, 2018, Reminder – State Farm Canada becoming Desjardins Insurance

Tuesday, May 1, 2018, marks the official start of the State Farm Canada brand transition to Desjardins Insurance.

Over the next several months the State Farm brand and logo will gradually be replaced by the new Desjardins Insurance brand across Canada.

Included in this process is the physical sign change on the former State Farm Canada head office building in Aurora, Ontario (new building signs should be up by end of day on Wednesday, May 2, barring equipment issues and adverse weather).

Eventually, all Desjardins Insurance offices across the country and those inhabited by agents that are now a part of the new Desjardins Agency Network will also see sign and logo changes.

Summery of original news release: 

  • In January 2015, Desjardins Group completed the purchase of State Farm Canadian property and casualty and life insurance operations, as well as its mutual fund, loan and living benefits companies.
  • As part of its ongoing integration plan, Desjardins announced today that the former State Farm Canadian business will gradually be rebranded Desjardins Insurance.
  • The brand transition will officially begin on May 1, 2018, and will be completed by December 31, 2019.
  • State Farm clients in Canada will be served by their current agents who will transition to the Desjardins Insurance brand under the new Desjardins Agent Network.

 

Premier Group appoints Mo Kaur to President and COO

Canadian based Managing Underwriting Agency, Premier Group (Premier Marine Insurance and Premier Canada Assurance Managers) announced today that Mo Kaur will assume the role of President and Chief Operating Officer.

Kaur succeeds Troy Moreira, who held the position since late 2001.  Moreira has decided to step away from the day to day leadership of Premier.  He will remain with the company as an executive advisor to Kaur assisting with the transition, and will also serve as a Director on the Premier Board.  “Premier has been a great success story” Moreira said “what started as a single-product Marine MGA has developed into a multi-class specialty underwriting agency with offices throughout Canada and the US.”  “I have thoroughly enjoyed my time at the helm of Premier and thankful for all the wonderful people I have had the opportunity to work with and meet in that time”.

Kaur has been a part of the Premier team for 6 years, serving as Senior Vice President for the past 5 years, contributing to all aspects of the organization.   Kaur brings 25 plus years of insurance experience to the role, beginning her career in London (UK) for Royal Insurance, and serving in various underwriting and management positions with insurers in the Western Canada marketplace.   On the academic front, Kaur has an honors degree in Mathematical Studies, University of London, UK and her ACII (Associateship Chartered Insurance Institute) London UK.

“Working with Troy has been one of the most dynamic and rewarding roles that I have undertaken in my career” said Kaur.  “I am honored and excited to be given the opportunity to continue to expand the Premier business with brokers across Canada and the US, and continuing to grow our long-standing relationships with our insurer partners in Canada and the London market.”

About Premier –

Founded in 1990, Premier is one of Canada’s largest MUA / Managing Underwriting Agencies, with a broad product offering spanning:  Professional Liability, Environmental, Construction, Specialty Commercial packages, Specialty Personal Lines, and the founding business of Marine Insurance.

Head-quartered in Vancouver, Premier has branch locations in Toronto Ont,  London Ont,  Laval Quebec,  San Diego CA, Seattle WA,  Annapolis, MD and a subsidiary company (Pacific Coast E&S) in Santa Rosa, CA.   Premier employs over 150 employees, and administers a portfolio of well over 130,000 policies each year.

Learn more at www.premiergroup.ca

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