Echelon Insurance completes sale of its European Operations

Echelon Financial Holdings Inc., “Echelon” or “the Company” (TSX: EFH), announced today that it has completed the sale of its European operations. The closing is effective March 7, 2017.

As previously announced, on August 4, 2016 Echelon entered into a definitive stock purchase agreement to sell its European insurance subsidiary, subject to regulatory approval. On February 28, 2017, regulatory approval was received from the Danish Financial Services Authority, which completed the necessary approvals required for the sale. The Company will retain no residual insurance risk from the sale. At current exchange rates, the Company will receive approximately $5.1 million on closing and an additional $17.2 million prior to December 31, 2017.

“I would like to recognize and thank the employees and management in Europe for their effort and commitment over the last five years,” commented Serge Lavoie, Chief Executive Officer of Echelon. “They have built a solid base and launching pad for the new Danish-based shareholder to invest strategically in the business.”

About Echelon Financial Holdings Inc.

Founded in 1998, Echelon operates in the property and casualty insurance industry in Canada, primarily focusing on non-standard automobile insurance and other specialty P&C insurance products. The Company operates and distributes insurance products through Echelon Insurance and The Insurance Company of Prince Edward Island. It trades on the Toronto Stock Exchange under the symbol EFH. For more information, please visit echeloninsurance.ca.

Forward-looking Information

This news release contains forward-looking information based on current expectations.  This information includes, but is not limited to, statements about the operations, business, financial condition, priorities, targets, ongoing objectives, strategies and outlook of EFH for 2016 and subsequent periods.

This information is based upon certain material factors or assumptions that were applied in drawing a conclusion or making a projection as reflected in the forward-looking information.  By its nature, this information is subject to inherent risks and uncertainties that may be general or specific.  A variety of material factors, many of which are beyond Echelon’s control, affect the operations, performance and results of and its business and could cause actual results to differ materially from the expectations expressed in any of this forward-looking information.

Echelon does not undertake to update any forward-looking information.  Additional information about the risks and uncertainties about Echelon’s business is provided in its disclosure materials, including its Annual Information Form and Management Discussion & Analysis, filed with the securities regulatory authorities in Canada, available at www.sedar.com.

SOURCE Echelon Financial Holdings Inc.

NEWS: Hub announces the acquisition of California-based LISSC

Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired LISSC. Terms of the acquisition were not disclosed.

Based in Santa Ana, California, LISSC is a multi-lines insurance solutions provider. LISSC’s team will join Hub California. Angelo Maroutsos and Dennis Monahan, co-owners, and David Trevino, Vice President, of LISSC, will join Hub California and report to Peter Duncan, Executive Vice President, Hub California.

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, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America. For more information, please visit https://www.hubinternational.com.

Economical commits $110,500 to the fight against cancer

Today, more than 60 per cent of Canadians diagnosed with cancer will survive compared with only 25 per cent in the 1940s. While tremendous progress is being made against the disease, overall cancer cases are increasing because of Canada’s aging and growing population. Much more work needs to be done.

To fund this work, the Canadian Cancer Society hosts Relay For Life events across the country. At these six to 12-hour events, teams of friends, family and colleagues join together to celebrate survivors, honour those lost and commit to raising funds to fight all types of cancer.

People can participate in these events at any age or fitness level. Every step taken at Relay For Life helps fund promising cancer research, community support services and other important work so that fewer Canadians are touched by the disease.

Economical Insurance is proud to once again support the Canadian Cancer Society in 2017 with $110,500 in presenting event sponsorships of 10 Relay For Life events in OntarioWoodstock, two in Waterloo Region, three in the GTA, four in Ottawa in addition to an event at Quartier DIX30 in Brossard, Quebec.

“Corporate sponsorships are essential to the success of our Relay For Life events,” says Lesley Ring, Vice-President, Development and Marketing for the Canadian Cancer Society in Ontario. “We are very thankful to Economical Insurance and its employees for generously supporting us for the past 12 years.”

“Relay For Life is our largest fundraising initiative of the year,” says Suzanne Dubois, Executive Director of the Canadian Cancer Society in Quebec. “Every dollar raised from these events helps the Canadian Cancer Society have more impact against more cancers in more communities across Canada. Our donors are helping researchers discover life-saving treatments and providing support programs to those living with cancer.”

This year, more than 400 Relay For Life events are being held across Canada. Since 1999, Relay For Life has raised more than $500 million in Canada for cancer research and support programs.

“At Economical, we have proudly sponsored Relay For Life events since 2006,” said Rowan Saunders, President and Chief Executive Officer of Economical Insurance. “This year, we continue to invest our sponsorship commitment toward the cancer cause. It is exciting to have four university events on the list of those we sponsor, allowing us to connect with a new demographic. Funds raised at Relay For Life, enable the Canadian Cancer Society to take a comprehensive approach to fight all type of cancer through research, prevention and advocacy activities, and support services for patients and their families.”

Cancer changes everything. So can you. Join Economical Insurance and its employees by registering for a Relay For Life event. Learn more at relayforlife.ca

About Economical Insurance
Founded in 1871, Economical is one of Canada’s leading property and casualty insurers, with $2.0 billion in premiums during 2016 and $5.4 billion in assets as at December 31, 2016. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Sonnet, Petsecure, Economical Financial, and Family Insurance Solutions.

SOURCE Economical Insurance

NEW Insurance Career Opportunity

NEW Insurance Career Opportunity

Looking for a great career?  Earn while you learn!  We have a unique fast-track 7-week training opportunity starting April 17, 2017.

We are looking for candidates from Victoria and the Lower Mainland area of BC.   Hosted by Intact Insurance, you will receive technical, product and sales training for a successful career as a Personal Insurance Broker.  With a good work ethic, by the end of training candidates will have their Insurance Level II designation, and a guaranteed job!

If you are a self-starter who is willing to give 100% to this amazing program, or know of someone who may be interested in applying to be a participant, please forward your cover letter and resume, along with two references, to:

dwalmsley@dlionline.ca

Only those candidates selected for an interview will be contacted.

Note:

This program is only available for people NEW to the insurance industry.  If you are currently working for a general insurance broker, this opportunity is not an option for you at this time

Sunwing Travel Group recognized among Canada’s top employers by Forbes

Sunwing Travel Group recognized among Canada’s top employers by Forbes

Press Release:

The Sunwing Travel Group is pleased to have been included within Forbes’ ranking of Canada’s 300 Best Employers. Considered to be one of the world’s leading sources of reliable business news and financial information, the global media company collaborated with online statistics provider Statista to survey over 8000 Canadian employees—81% full timers—working for companies with at least 500 people to rate their willingness to recommend their own companies on a scale of 1-10. Those who took part in the survey were consulted anonymously through several online access panels.

The news was welcomed by Stephen Hunter, President and CEO of Sunwing Travel Group, who commented. “We believe investing in our employees is vital and are extremely pleased to be included in this list. The Sunwing Travel Group has grown and expanded dramatically over the years and we attribute this growth and success to the passion and dedication of our team.”

North America’s largest vertically-integrated travel business, the Sunwing Travel Group employs almost 17,000 people internationally and has been included on the PROFIT 500 list for the last 12 years consecutively. The company’s headquarters in Toronto were recently extended and refurbished. Employees benefit from free parking, a subsidized staff restaurant and coffee house, together with a lunchroom to enable them to make their own meals if they prefer.

Employees also receive an attractive benefits package which includes medical and dental, and they can opt to join an RRSP matching program.  A new user-friendly HR portal was also recently implemented to provide employees access to their payroll, benefits, and many other features anywhere and anytime. Employees can take advantage of preferential rates on a number of services from insurance to gym memberships. In particular, Sunwing is the only airline to reward employees with confirmed flight passes for travelling to and from any of Sunwing’s destinations domestically and internationally. Staff members also receive discounted rates at certain hotels and resorts, as well as selected excursions. Friends and family members of Sunwing employees also benefit from travel promotions.

To learn about career opportunities, visit www.sunwingtravelgroup.com

About Sunwing Travel Group

The largest integrated travel business in North America, Sunwing Travel Group is comprised of Sunwing Vacations, the leading leisure tour operator in Canada; Sunwing Airlines, Canada’s premier leisure airline; Signature Vacations, one of Canada’s leading tour operators for all inclusive package vacations and Vacation Express, a growing tour operator in the United States together with the Group’s own travel retail businesses SellOffVacations.com and Luxe Destination Weddings. Blue Diamond Resorts is the Sunwing Travel Group’s own hotel management company, an innovative organization that operates popular resort brands like Royalton Luxury Resorts, CHIC by Royalton, Grand Lido, Memories, and Starfish, across the Caribbean, Cuba and Mexico; while NexusTours provides destination management services to individuals, agencies, tour groups, corporate businesses and tour operators.

SOURCE Sunwing Travel Group

Wawanesa Mutual Insurance Company has struck a deal with Desjardins Financial Corp. to buy its Western Canadian insurance business in a deal valued at about $775-million.

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