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

Navacord’s Banner Year Continues With the Addition of Hoffmann Kool Insurance & Life Line Insurance

Navacord Corp., a leading insurance and risk management brokerage, is pleased to announce their strategic expansion in Saskatchewan with the addition of Hoffmann Kool Insurance and Life Line Insurance, effective October 1, 2019.

Both Hoffmann Kool and Life Line have proudly served the business, personal and life insurance needs of Saskatchewan communities for over thirty years. Located in Saskatoon, both offices will remain under the management of their current leadership teams.

“With eleven partnerships announced so far in 2019, we have tripled our business in five short years,” said T. Marshall Sadd, Executive Chairman of Navacord. “We are pleased at how our business model resonates with brokers and consider 2019 to be a banner year.”

“We are tremendously excited about the opportunity to join Navacord,” said Darryn Knibbs, President and CEO of Hoffmann Kool and Life Line Insurance. “Our desire was to remain an independent business but have the benefits of being part of a bigger, national broker. This is exactly what we are achieving by joining Navacord.”

This marks the second Broker Partner announcement in one week, following the addition of Vancouver Island-based Waypoint Insurance Services.

“Navacord is excited to be expanding in Saskatchewan as we focus on building the business in the province,” said Shawn DeSantis, President and CEO of Navacord. “Hoffman Kool and Life Line strategically expand our geographic footprint and increase our expertise in the province. We look forward to working with the Hoffman Kool and Life Line teams.”

About Hoffmann Kool Insurance

Hoffmann Kool Insurance has been providing a broad range of Personal and Commercial Insurance Products and Motor Vehicle Licensing for over 30 years. They pride themselves on being Saskatoon’s locally owned insurance experts who work hard to take care of their clients. Their team strives to deliver an exceptional client experience through their knowledge, technical expertise and friendliness. They know insurance can be a bit confusing which is why they help to make things clear.

About Life Line Insurance Brokers

Life Line Insurance Brokers has been providing their clients a wide selection of products and services in Saskatoon and throughout Saskatchewan for over 40 years. The Life Line team work hard to ensure clients receive affordable, understandable insurance options from advisors who have earned their trust to help them at every stage of their life.

About Navacord

Headquartered in Toronto, Navacord’s group of companies include Broker Partners across Canada and Specialty Managing General Agents. Offering risk management and consulting solutions, Navacord is committed to the success of their clients and delivering expert advice in an increasingly complex world. Broker Partners deliver local, personalized service to their clients while being supported by the additional expertise, resources and efficiencies of a national brokerage. Navacord is the preferred partner for entrepreneurial insurance brokerages seeking to collaborate and grow while maintaining their unique identity and culture.

Navacord’s local touch expands by 18 offices in B.C. with Waypoint Insurance, the largest, independently owned brokerage on Vancouver Island

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