The Co-operators acquires Assurances Madelein

The Co-operators announced today it has purchased Assurances Madelein Inc. (Assurances Madelein) in Laval, Quebec.

The brokerage’s portfolio includes personal and commercial insurance policies. Any existing insurance coverage a client has will remain unchanged and in effect for the current term of their policies.

“This acquisition further strengthens our distribution system and the co-operative presence in Quebec,” said Rob Wesseling, president and CEO of The Co-operators. “With our continued growth in the province, we are able to deepen our connection to our Quebec clients helping us better understand their unique needs and help them accomplish their financial goals.

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

About The Co-operators:
The Co-operators Group Limited is a Canadian co-operative with more than $42.5 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 Best Employers in Canada by Aon Hewitt and Corporate Knights’ Best 50 Corporate Citizens in Canada. For more information, visit www.cooperators.ca.

SOURCE The Co-operators

www.cooperators.ca

The Co-operators and Aldergrove Insurance welcome Envision clients

Credit Union Agencies Alliance Limited (CUAAL)*, a strategic alliance between The Co-operators, First Credit Union and Aldergrove Credit Union, announced today it has purchased Envision’s book of business in Aldergrove, British Columbia.

The current Envision, Aldergrove building was earmarked for a new community centre, and has closed to enable the development. CUAAL’s purchase of this book of business will allow clients to continue to receive local service that is rooted in co-operative values.

“As part of CUAAL, The Co-operators is happy to help facilitate a transaction that showcases how co-operative organizations work together to ensure the best experience for their members,” said Rob Wesseling, president and CEO of The Co-operators. “We look forward to helping our new clients get the insurance and investment products they need to achieve financial security, and ultimately, peace of mind.”

Current clients’ 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.

Envision Insurance Services is a division of First West Insurance Services Ltd, which is owned by First West Credit Union. First West Insurance / Envision Insurance will continue to serve insurance clients at its remaining locations.

*CUAAL is a company that is owned jointly by The Co-operators (50%) and participating credit union partners (share 50%). This unique model brings together strong co-operative organizations to leverage efficiencies and better serve the interests of credit union members.

About The Co-operators:
The Co-operators Group Limited is a Canadian co-operative with more than $42.5 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 Best Employers in Canada by Aon Hewitt and Corporate Knights’ Best 50 Corporate Citizens in Canada. For more information, visit www.cooperators.ca.

SOURCE The Co-operators

www.cooperators.ca

Intact Financial Corporation Announces $1 Million Donation to Support the Romeo Dallaire Child Soldiers Initiative

TORONTODec. 5, 2018 /CNW/ – Intact Financial Corporation (TSX: IFC) today announced it is committing $1 million to the Roméo Dallaire Child Soldiers Initiative to support the establishment of a regional centre of training and learning in Rwanda. The regional hub of practice, research and advocacy will serve as a meeting place for countries to exchange and learn how to prevent the recruitment and use of child soldiers.

The $1 million donation builds on Intact’s initial investment of $300,000 in the Dallaire Initiative, which began in 2015. These new funds will help the Dallaire Initiative establish a permanent presence in Africa.

According to the UN Secretary-General’s 2018 Annual Report on Children and Armed Conflict – seven national armies and 56 armed groups operating in 14 countries recruit and use children as soldiers.

“The Dallaire Initiative is a pioneer in the work of preventing the recruitment and use of child soldiers and a permanent presence in Rwanda will strengthen their effectiveness,” said Charles Brindamour, Chief Executive Officer of Intact Financial Corporation. “I spent time in Rwanda this spring with the Dallaire Initiative and saw first hand, the importance of their work. While the problem of using children in wars is far from resolved, the General’s team is moving the needle and making progress.”

“This level of support makes Intact the Dallaire Initiative’s first $1 million corporate donor,” said Dr. Shelly Whitman, the Dallaire Initiative’s Executive Director. “These funds will be critical in enhancing our training in East and Central Africa, where some of the gravest violations against children are taking place.” The donation will also go towards funding a fellowship for the Executive Director to continue advocating for children’s rights on the international peace and security agenda.

An event marking the first anniversary of the Vancouver Principles, is being hosted tonight by the Permanent Missions of Canada and Rwanda to the United Nations in collaboration with the Dallaire Initiative.

Hosted by Canadian Ambassador Marc-André Blanchard, special guests include LGen (ret’d) Roméo Dallaire, Executive Director of the Dallaire Initiative Dr. Shelly Whitman, global advocates for children and Dallaire Initiative Advisors Michel Chikwanine and Ishmael Beah as well as Intact Financial Corporation CEO Charles Brindamour.

At the event, the Dallaire Initiative will announce the establishment of a regional centre of training and learning in Rwanda, the first African country to endorse the Vancouver Principles. To date, 69 UN member countries have endorsed the Principles, a watershed initiative that was jointly launched by the Government of Canada and the Dallaire Initiative.

About Intact Financial Corporation

Intact Financial Corporation (TSX: IFC) is the largest provider of property and casualty (P&C) insurance in Canada and a leading provider of specialty insurance in North America, with close to $10 billion in total annual premiums. The Company has approximately 14,000 full- and part-time employees who serve more than five million personal, business, public sector and institutional clients through offices in Canada and the U.S. In Canada, Intact distributes insurance under the Intact Insurance brand through a wide network of brokers, including its wholly-owned subsidiary BrokerLink, and directly to consumers through belairdirect. In the U.S., OneBeacon Insurance Group, a wholly owned subsidiary, provides specialty insurance products through independent agencies, brokers, wholesalers and managing general agencies.

About the Roméo Dallaire Child Soldiers Initiative

The Dallaire Initiative, based at Dalhousie University in Halifax, Nova Scotia, Canada, is recognized as the only organization in the world taking a prevention-oriented, security sector focused approach to the crime against humanity that is child soldiery. Founded by retired lieutenant-general and celebrated humanitarian Roméo Dallaire, the Roméo Dallaire Child Soldiers Initiative is a leader committed to ending the use and recruitment of child soldiers worldwide, through ground-breaking research, advocacy, and security-sector training.

SOURCE Intact Financial Corporation

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Winnipeg based insurance company closed for day after overnight threat

WINNIPEG _ Thousands of Winnipeg employees of insurance giant Great-West Life Assurance Co. were told to stay home Wednesday because of a threat against the business.

Police said a building security team notified them of the threat just after midnight.

Const. Tammy Skrabek, a police spokeswoman, said officers carried out a search of company facilities and found nothing, but new information surfaced overnight.

“With that they (Great-West) chose to close down their buildings and have employees stay home until police could do a secondary search during the day,” she said.

The police canine unit was expected to be part of the latest search but Skrabek said investigators “don’t believe there is any immediate threat.”

There was no immediate word from Great-West Life on how the closure will affect its clients.

“Out of an abundance of caution for our employees and the community around us, we alerted the Winnipeg Police Service and have closed our buildings at 60, 80 and 100 Osborne Street, 444 St. Mary and 560 Broadway,” Great-West spokeswoman Liz Kulyk said in an email statement.

The Great-West Life Assurance Co. is a wholly-owned subsidiary of Great-West Lifeco, a member of the Power Financial Corporation group of companies.

The company’s website says it has more than 13 million Canadian customers.

Great-West Lifeco operates in Canada, the United States and Europe through Great-West Life, London Life, Canada Life, Irish Life, Great-West Financial and Putnam Investments. (CJOB, The Canadian Press)

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FirstOnSite Restoration’s Lindsay Donelson has been selected as a finalist for the 2018 Insurance Business Awards

Source: firstonsite Restoration

FirstOnSite Restoration’s Lindsay Donelson has been selected as a finalist for the 2018 Insurance Business Awards: Business Development Manager of the Year.

Lindsay is Vice-President, National Broker & Lloyd’s of London Portfolio, where she is responsible for developing and leading a coordinated approach to FirstOnSite’s national broker customers and Lloyd’s of London Canadian Coverholders.

Lindsay joined FirstOnSite in 2014 and had led herself to standout achievements within the last years, demonstrating excellence in building and supporting strong client relationships. She is known for providing clients with assurance and tailored customer service, and consistently exceeds her business development goals.

“Lindsay’s second nomination for the Business Development Manager of the Year award is a testament to her accomplishments, knowledge of the restoration industry, and ability to support her clients’ needs,” said Barry J. Ross, Executive Vice President, FirstOnSite Restoration. “Lindsay is a highly valued member of our leadership team. We are very proud of her nomination once again.”

The Insurance Business Awards recognizes individuals and companies that have made an outstanding contribution to the Canadian insurance industry throughout the past year and consists of over 20 award categories. Finalists will be evaluated by an independent panel of judges and awarded at the 3rd Annual Insurance Business Awards gala on Thursday, November 29.

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

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