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.

Falvey Cargo Underwriting Enters Cannabis Insurance Market in Canada With Greatest Capacity

Recreational Cannabis is officially legal in Canada and Falvey Cargo Underwriting is proud to announce its newest product offering of a customized, fully tailored solution of Stock and Transportation Insurance for the Canadian Cannabis industry.

Isabelle Therrien, Vice President of Falvey Cargo Underwriting, is the designated Underwriter for this new offering. Therrien commented, “At Falvey Cargo Underwriting, we pride ourselves in offering a quality insurance product. Because of our expertise in the Life Science and Pharmaceutical field, the Cannabis industry is a natural fit for us. We feel we can bring our supply chain expertise to the table and work closely with the clients to ensure safe movement of the product.”

Mike Falvey, President and CEO of Falvey Insurance Group adds, “We’re excited to apply our specialization of Life Science, Pharmaceutical, and Government-Regulated Drugs to enter this new market.” Falvey Cargo Underwriting is a division of Falvey Insurance Group, founded by Falvey.

With greater capacity than any other local market, recognition as the industry’s go-to solution for Life Science products, and a proven track record of Underwriting and Claims, Falvey Cargo is prepared and excited to take the lead on underwriting transportation and stock insurance for the Cannabis industry in Canada.

About Falvey Cargo Underwriting

Falvey Cargo underwrites marine cargo coverage in three cargo industry segments: General Cargo, Life Sciences, and Technology. Founded in 1995, Falvey Cargo Underwriting has evolved into the largest cargo covernote holder at Lloyd’s of London, offering the highest capacity in the marine cargo market. Falvey Cargo has over 150 years of combined marine cargo underwriting experience, global reach with local expertise servicing clients around the world from offices in Rhode IslandCaliforniaWashingtonToronto, and London, and dedicated loss prevention, claims processing, and recovery services in-house.

www.falveycargounderwriting.com

About Falvey Insurance Group

Falvey Insurance Group began as a single division, Falvey Cargo Underwriting, opening its first office in 1995 in Wakefield, RI. After 20+ years, the company has evolved into Falvey Insurance Group, comprised of three divisions: Falvey Cargo Underwriting, Falvey Shippers Insurance and Safe Harbor Pollution Insurance becoming, “The Specialized Insurance Experts” in maritime coverage. Falvey underwrites on behalf of Lloyd’s of London, C.V. Starr, Berkshire Hathaway and Argonaut Insurance Company. The flexibility, proactive customer service, claims processing excellence, and comprehensive knowledge that Falvey companies are known for is unparalleled in the insurance industry.

www.falveyinsurancegroup.com

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

OTIP’s Chris Floyd appointed new President of the Insurance Brokers Association of Canada

OTIP (the Ontario Teachers Insurance Plan) is pleased to announce that Chris Floyd, President of Individual Insurance Services for the OTIP Group of Companies, has been appointed President of the Insurance Brokers Association of Canada (IBAC) for 2018-19.

Chris began his career in insurance as a claims adjustor at Gore Mutual Insurance in 1986. He joined OTIP in 1994 as a Service Manager, and advanced to the role of Vice-President shortly after. Chris has been serving as the President of Individual Insurance Services since 2004, overseeing operations for both the OTIP/RAEO Insurance Brokers Inc. and TW Insurance Brokers Inc. companies.

“We are honoured to have Chris take on this very important role as president of IBAC,” says Vic Medland, OTIP CEO. “Chris is a natural leader and is well respected across the industry. His hands-on and innovative approach will be an asset to brokers across the country.”

Chris is a Chartered Insurance Professional (CIP) and a graduate of the Institute of Corporate Directors Program from the University of Toronto’s Rotman School of Management. In addition to his work with IBAC, Chris also served as President of the Insurance Brokers Association of Ontario from 2013 to 2014.

“There is an urgent need for IBAC to lead our fellow brokers in the areas of technology, advocacy and education,” says Chris. “I am excited for the year ahead, and I am grateful for the opportunity to work with the entire 2018-19 IBAC executive and board to help move our industry forward.”

About OTIP

Creating insured members for life. At OTIP (www.otip.com), we not only understand the education system, we believe in it. Across all lines of insurance, OTIP provides coverage to more than 200,000 education employees in the province. Owned by Ontario’s four education affiliates (AEFO, ETFO, OECTA and OSSTF/FEESO) and directed by a board of trustees, OTIP was built on the belief that educators would be better served by a not-for-profit insurance advocate that was part of the education community. This remains our philosophy today.

SOURCE OTIP (Ontario Teachers Insurance Plan)

Great-West Lifeco announces succession of the President and Chief Operating Officer

Great-West Lifeco Inc., has today announced that Stefan Kristjanson, President and Chief Operating Officer, Canada, has decided to retire on December 31, 2018. Stefan has been with the company for nearly 30 years, including the last two years as President and Chief Operating Officer, Canada. In that role, Stefan has guided the company through the first phase of its transformation, strengthening its position for continued success. Knowing this, Stefan decided the time was right for a new leader to carry the organization forward through the next phase of its transformation and growth.

“On behalf of the Board of Directors and the entire organization, I want to thank Stefan for his vision, dedication and leadership, as well as his nearly 30 years with the company,” said Paul Mahon, President and Chief Executive Officer, Great-West Lifeco. “I would also like to express my gratitude for the work Stefan has done to help build a strong foundation for our next phase of growth in Canada.”

As a result of Stefan’s retirement, the company announced that Jeff Macoun has been appointed the President and Chief Operating Officer, Canada, effective immediately. Jeff began his career with the company more than 30 years ago and has held senior leadership positions in both Group and Individual Customer – most recently serving as Deputy Chief Operating Officer, Canada and Executive Vice-President, Group Customer.

“Given Jeff’s strong leadership track record with the company, he is well-placed to deliver on the next phase of our growth strategy,” said Paul Mahon, noting that to ensure a smooth transition, Stefan has been appointed to the role of Special Advisor to the CEO and COO until he retires at the end of 2018. “I look forward to working closely with Jeff as we continue to implement our transformation journey.”

Macoun says he will draw upon his diverse experience with the company as he steps into the new role.

“Over the years, I’ve built strong relationships with customers, advisors and employees,” said Macoun. “I’m very excited to continue forward with the second phase of our transformation and the overall growth strategy of the company.”

About Great-West Lifeco Inc.
Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Great-West Lifeco has operations in Canadathe United States and Europe through Great-West Life, London Life, Canada Life, Irish Life, Great-West Financial and Putnam Investments. Great-West Lifeco and its companies have over $1.4 trillion in consolidated assets under administration as at June 30, 2018 and are members of the Power Financial Corporation group of companies. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO. To learn more, visit greatwestlifeco.com.

SOURCE Great-West Lifeco Inc.

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