Gamble Insurance acquired by Hub International

By Paul Morden, Sarnia Observer

Gamble and Associates Insurance, a company that began in Sarnia in 1948, has become part of the Chicago-based insurance brokerage, Hub International.

Hub’s acquisition of Gamble, a company with 75 employees working at nine locations in southwestern Ontario, was announced this week.

Gamble president Barry Hogan will join Hub Ontario as president of its new Hub Gamble division.

“We’ve been in the Sarnia-Lambton, Chatham-Kent, London community for years and years and years,” Hogan said.

“This just allows our business to continue to grow, while at the same time not disrupting our client base.”

Hogan said will be “business as usual” for Gamble’s clients and staff, following the change.

“But we have a whole depth of tools now available to us we can utilize to help grow the business.”

Hub said in a press release the acquisition doubles the company’s offices in Ontario to 18, with more than 650 employees.

Hogan said the name of the division will change to Gamble Hub International Insurance Brokers.

“We’ve already started ordering some signs, and that process will slowly happen,” he said.

Notices will also be sent to Gamble’s customers in the coming weeks to let them know about the change and “assure them that it’s business as usual from the standpoint of their daily needs,” Hogan said.

“It’s the tools behind the scenes that are really going to help us grow.”

Along with Sarnia, Chatham-Kent and London, Gamble has offices in Petrolia, Forest, Wallaceburg, Ridgetown, Thamesville and St. Thomas.

“Southwestern Ontario is an important community to the economic development of Ontario and Hub is excited to be making the Sarnia-Lambton area a new home for our organization,” Robert Keilty, president and CEO of Hub Ontario, said in a press release.

Bill Gamble started Gamble Insurance in 1948 out of his house in Sarnia.

“Bill was well, well known around the community,” Hogan said.

In the early 1970s, Hogan’s father, Barry Hogan Sr., purchased Gamble Insurance and it continued to expand in the following years.

Hogan, 42, has been involved in the business for more than 20 years.

Terms of the acquisition were not disclosed.

Hogan said that along with the opportunity to continue growing, a key consideration in the decision to become part of Hub International was a desire to provide stability.

“We wanted to make sure that we were committed to the area,” he said.

“We plan to be here.”

Hogan said a photo of Bill Gamble is still on display in the company’s lobby.

“We don’t want to forget our roots,” he said.

“We just want to continue to grow on where we’ve come from.”

Hub International was formed in 1998 with the merger of 11 Canadian insurance brokerages and expanded the following year to the U.S. and Western Canada. The headquarters moved to Chicago in 2001 and the company’s website says it is now ranked among the largest insurance brokers worldwide.

“It’s very exciting times,” Hogan said.

“When we look out we just see there’s great opportunity, and that’s why we wanted to partner with such a great organization.”

 

Economical commits $109,500 to the fight against cancer

WATERLOO, ON, June 2, 2015 /CNW/ – Today, more than 60 per cent of Canadians diagnosed with cancer will survive compared with only 25 per cent in the 1940s when the Canadian Cancer Society first began funding research. Tremendous progress has been made against the disease but overall cancer cases are increasing because ofCanada’s growing and aging population. Much more work needs to be done.

To fund this work, the Canadian Cancer Society hosts Relay For Life events across the country. 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 2015 with of $109,500 in title sponsorship of 10 Relay For Life events in Ontario — three in the Kitchener-Waterloo area, three in Ottawa, and two in Toronto — 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 deeply thank Economical Insurance and its employees for generously supporting us for the past 10 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.”

Relay For Life is the Canadian Cancer Society’s signature fundraiser. These events are six- or 12-hours long and challenge teams to fundraise and take turns walking or running around a track for 5 km, 10 km or more. Teams go the distance to show support for people who have experienced cancer. Since 1999, Relay For Life has raised more than$496.5 million in Canada for cancer research and support programs.

“At Economical, we have proudly sponsored Relay For Life events since 2006,” said Karen Gavan, Economical’s president and chief executive officer. “This year, we have raised our sponsorship commitment toward the fight for life and against cancer. Relay For Life helps to fund life-saving cancer research and promote healthy lifestyles which can help stop cancer before it starts. It’s also good to know that the Canadian Cancer Society offers compassionate services and support to those living with cancer and their families and friends.”

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 Insurance is one of Canada’s leading property and casualty insurers, with $2.0 billion in annual premium volume and $5.2 billion in assets as at March 31, 2015. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical Insurance conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Family Insurance Solutions, Federation Insurance and Economical Financial.

SOURCE Economical Insurance

For further information: Doug Maybee, Economical Insurance, (T) 519.570.8249, (C) 519.404.0989,doug.maybee@economical.com

“Justin is a great fit for FirstOnSite,” said Dave Demos, our Chief Executive Officer.

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Sylvie Paquette appointed Chair of the Board for Insurance Bureau of Canada

TORONTO, June 2, 2015 /CNW/ – Insurance Bureau of Canada (IBC) is pleased to announce the election, by its Board of Directors, of Sylvie Paquette as Chair. Ms. Paquette is President and Chief Operating Officer of Desjardins General Insurance Group (DGIG).  Ms. Paquette has served on the IBC Board since 2010.

Kenn Lalonde, Executive Vice President, Insurance, TD Bank Group and President and CEO, TD Insurance, has been elected as IBC’s  Deputy Chair.

“The pace of change in Canada’s private property and casualty insurance industry continues to increase. The market and consumers both demand more from insurers, and they require it more rapidly than ever before. I look forward to working with IBC and its other member companies to ensure that our strategic priorities meet the needs of Canadians,” said Ms. Paquette. “Together we will continue to put consumers first to ensure an environment in which consumers and government trust, value and support the private P&C insurance industry.”

Ms. Paquette has been with Desjardins since 1984. Prior to being appointed President  & COO of DGIG in 2008, she held a number of progressive leadership positions in the organization.

“Sylvie brings an immense amount of knowledge and experience to this role. We look forward to working with her on key issues that will help consumers and strengthen Canada’s private P&C insurance industry,” said Don Forgeron, President and CEO, IBC. “She is passionate about educating consumers and governments about the key issues facing our industry. Her leadership will help us advance our strategic priorities, including promoting sustainable and affordable auto insurance systems across the country and helping protect Canadians from the impact of severe weather.”

Ms. Paquette has a degree in actuarial science from Université Laval and is a Fellow of the Canadian Institute of Actuaries and the Casualty Actuarial Society. She is on the board of directors of several P&C insurance industry organizations and is recognized for her community involvement.

About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada’s private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market inCanada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.

P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 118,000 Canadians, pays $6.7 billion in taxes and has a total premium base of $48 billion.

For media releases and more information, visit IBC’s Media Centre at www.ibc.ca. Follow IBC on Twitter@InsuranceBureau or like us on Facebook. If you have a question about home, auto or business insurance, contact IBC’s Consumer Information Centre at 1-844-2ask-IBC.

If you require more information, IBC spokespeople are available to discuss the details in this media release.

 

SOURCE Insurance Bureau of Canada

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