John Hancock adds to broker dealer network in deal with Transamerica

BOSTON _ Manulife Financial (TSX:MFC) subsidiary John Hancock is expanding its broker dealer business in the United States with the acquisition of part of Transamerica Financial Advisors Inc.

Terms of the deal, which is expected to close within six months, were not disclosed.

However, the company said Tuesday that up 1,100 advisers from Transamerica working at roughly 50 firms across the United States will become affiliated with Signator Investors, the broker dealer arm of John Hancock Financial Network, along with about 90 employees who support TFA.

“This transaction will contribute to the company’s continued success by enhancing Signator’s presence among the country’s top broker dealers,” John Hancock president Craig Bromley said in a statement.

Manulife is a Toronto-based insurance and financial services company with some C$883 billion in assets under management. It operates as Manulife in Canada and Asia, and under the John Hancock banner in the U.S.

Signator Investors has a national network of independent firms and approximately 1,500 financial professionals across the U.S.

canada-press

The Co-operators honoured as one of the Best Employers in Canada

GUELPH, ON, Nov. 5, 2015 /CNW/ – Today, The Co-operators was ranked among the Aon Best Employers in Canada by Aon Hewitt, which rated the organization as a Platinum Level employer. The prestigious list, based primarily on confidential employee surveys, was published in Canadian Business magazine today.

The Aon Best Employers Study is a unique piece of national workplace research that provides an in-depth view into employee and leader opinions, external benchmarking and identification of key priorities that drive engagement. Its data and analysis are used by employers such as The Co-operators to identify areas of strength and areas in need of improvement.

“A highly engaged workforce is invaluable to our organization because it means that our employees support our mission and work hard to provide financial security for Canadians and their communities,” said Kathy Bardswick, president and CEO of The Co-operators. “Our staff members make extraordinary efforts to provide first-rate service to our clients, and bring our co-operative principles to life. They appreciate working for a values-based organization, and that’s reflected in our engagement scores.”

Included in The Co-operators listing are The Co-operators Group Limited and Co-operators General Insurance Company of Guelph, Ontario; Regina-based Co-operators Life Insurance Company; HB Group/COSECO of Mississauga; and CUMIS of Burlington, Ontario. In addition, two other members of The Co-operators group of companies, Addenda Capital, based in Montreal, and the Sovereign General of Calgary, were included on the Best Small Medium Employers in Canada list, also announced today.

The Co-operators is a Canadian-owned co-operative well known for its community involvement and commitment to sustainability. As the survey results demonstrate, its more than 4,3000 employees across the country take pride in being part of the organization, share its values, and work hard to support its mission of providing financial security to Canadians and their communities.

About The Co-operators:
The Co-operators Group Limited is a Canadian-owned co-operative with more than $40 billion in assets under administration. Through its group of companies it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is listed among the 50 Best Employers in Canada by Aon Hewitt; Corporate Knights’ Best 50 Corporate Citizens in Canada; and the Top 50 Socially Responsible Corporations in Canada by Sustainalytics and Maclean’s magazine. For more information visit www.cooperators.ca.

SOURCE The Co-operators

A thank you from us – ILScorp

Over the past weekend, ILS Learning Corporation updated all of our servers and learning management systems to provide you the fastest and most secure environment for meeting your educational needs.

We want to say thank you for your patience and also apologize for any inconvenience this may have caused.

Thank you ILScorp

All system updates and upgrades went superbly, and we are excited to share the new and improved e-learning experience with you!

Thank you again for trusting us to be your source for top quality insurance education in Canada.  We pride ourselves in bringing you the most accurate and up to date information through our online courses, and customer service.

 We look forward to sharing in your success.

 ILScorp

Ontario Appoints Advisor on Auto Insurance and Pensions

Ontario is appointing David Marshall as Advisor on auto insurance and pensions, starting Feb. 1, 2016. As an advisor to the Minister of Finance, Marshall will provide recommendations to the government on further ways to reduce auto insurance costs in Ontario, as well as guidance on implementing the Ontario Retirement Pension Plan (ORPP).

Marshall has served as the President and CEO of the Workplace Safety and Insurance Board (WSIB) for the last six years. Marshall will apply the expertise he developed at WSIB in active claims management practices to identify additional opportunities for auto insurance reform. The goal of these reforms is to lead to better health outcomes, lower costs and more affordable insurance premiums.

As a former Deputy Minister of Public Works and Government Services Canada and Deputy Receiver General, Marshall will bring his expertise in administering the federal government’s employee pension plan, as well as his experience managing the operations and technology of the Employment Insurance Fund, to support the government’s commitment to simple, reliable and cost-effective ORPP administration.

Reducing auto insurance rates and implementing the ORPP are key initiatives in the government’s plan to build Ontario up. The four-part plan includes investing in people’s talents and skills, making the largest investment in public infrastructure in Ontario’s history, creating a dynamic, innovative environment where business thrives and building a secure retirement savings plan.

Quick Facts

  • Prior to joining the WSIB, Marshall served in several senior executive roles in both the public and private sectors. In the Government of Canada, Marshall has served as Assistant Auditor General of Canada, Assistant Deputy Minister at Revenue Canada, Assistant Deputy Minister at Employment and Immigration Canada, Deputy Receiver General and Deputy Minister of Public Works and Government Services. In the private sector he has held the post of Vice Chairman of CIBC responsible for the bank’s mortgage, insurance and credit card businesses as well as global operations. His appointment is for a one-year term with an opportunity to renew for another year.
  • Affordable auto insurance is important to Ontario’s more than 9.5 million drivers who rely on cars to get to work, school and take part in community activities.
  • The ORPP will help close the retirement savings gap for the two out of three Ontarians who do not have a secure workplace pension plan. The ORPP will expand pension coverage to about 3.5 million workers, providing a predictable and reliable stream of retirement income.

Additional Resources

Quotes

Charles Sousa

“David Marshall’s expertise in management and operational planning will help guide our work reducing auto insurance rates for Ontarians. His proven success in improving organizational structure and investment will be a welcome asset in the implementation of the ORPP. These are two important streams of work, which will enable Ontarians to lead more safe and secure lives.”

Charles Sousa

Minister of Finance

Mitzie Hunter

“My goal is to build a secure, sustainable pension plan for Ontario workers. David Marshall’s guidance in setting up the Ontario Retirement Pension Plan will help ensure that we develop the best operational approach possible for the people of this province.”

Mitzie Hunter

Associate Minister of Finance

The Co-operators acquires Browning Insurance Ltd.

GUELPH, ON, Oct. 5, 2015 /CNW/ – Co-operators General Insurance Company announced today that its wholly-owned subsidiary has purchased Browning Insurance Ltd. in Chatham, Ontario. The brokerage’s portfolio includes personal and commercial insurance policies.

Current clients of the brokerage will be notified of the change in ownership and their existing insurance coverage will remain in effect with no changes to their premiums or coverage for the current term of their policies. As current policies expire, clients will be offered comparable policies from The Co-operators.

“We’re pleased to be strengthening our presence and growing our agency distribution system in Chatham and across the country, which is part of our growth strategy,” said Kathy Bardswick, president and CEO of The Co-operators. “Our new clients will benefit from the wide range of insurance and financial products, as well as the expertise, offered by Co-operators advisors.”

Clients will enjoy the exemplary service of a leading national insurance co-operative and have access to a full suite of insurance products including home, auto, life, travel, commercial and farm insurance.

About The Co-operators:
The Co-operators Group Limited is a Canadian-owned co-operative with more than $40 billion in assets under administration. Through its group of companies it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products.

The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is listed among the 50 Best Employers in Canada by Aon Hewitt; Corporate Knights’ Best 50 Corporate Citizens in Canada; and the Top 50 Socially Responsible Corporations in Canada by Sustainalytics and Maclean’s magazine. For more information please visitwww.cooperators.ca.

SOURCE The Co-operators

For further information: Leonard Sharman, The Co-operators, 519-767-3937

First of its kind resource centre in Canada designed to educate and help prevent the estimated 45,000 collisions that occur with wildlife every year.

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