Northbridge Insurance announces its new leadership for the Quebec region

I am very pleased to announce that Jean-Francois Béliveau will be joining the Northbridge Insurance team as Executive Vice-President, Quebec, commencing October 3, 2011. In line with our previous announcement, Northbridge Insurance comprises the existing subsidiaries of Lombard, Markel and Commonwealth – combining them into one, united brand, as of January 1st, 2012.

As many of you know, Jean-Francois is a well respected and experienced insurance executive who knows the Quebec market place very well. He joins us from AXA Insurance where he led Commercial Lines since 2005.

Jean-Francois joins our group at a very exciting time as we are bringing our three existing broker companies together into one united brand – Northbridge Insurance. Leveraging our combined strengths, expertise and resources will allow us to deliver more differentiated products and services – with the over-arching goal of helping you and your clients be more successful.

In his new role, Jean-François will be responsible for developing growth strategies for our business in Quebec and to create strong relationships with our key brokers partners to address the needs of our mutual customers in a pro-active and competent manner.

To further strengthen the leadership of our Quebec business, Marc Duguay has been promoted to Vice-President of Underwriting. Richard Lapierre, who announced his retirement plans earlier this year, will support Jean-Francois and Marc in the transition into their expanded roles and then retire by year-end. We look forward to celebrating Richard’s long and successful career with all of you towards the end of this year.

Jean-François and Marc will be reaching out to you in the coming weeks to discuss our plans for a successful future together with you.

Your support and commitment to Northbridge Insurance is much appreciated.

Northbridge to create new connected organization – three subsidiaries to operate under one brand

Company moves to gain competitive advantage through leveraging combined expertise and strengths.

Northbridge Financial Corporation, one of Canada’s leading commercial insurance groups, announced today, that three of its’ subsidiaries, Lombard Insurance, Commonwealth Insurance and Markel Insurance will operate under one brand, Northbridge Insurance, to support its broker partners. Federated Insurance will continue to operate as the company’s captive agency distribution arm through its dedicated sales agents.  Zenith will also continue to operate its personal lines of business.

“This is an exciting time for us” said Silvy Wright, President and CEO of Northbridge. “By combining the strength of our talent, the diversity of our products and leveraging the scale of our operations as one company, we will be better positioned for long-term growth”

Silvy Wright assumes office of President and CEO of Northbridge

Northbridge Executive Changes

Fairfax Financial Holdings Limited ( TSX:FFH and FFH.U) announces that Mark Ram has decided to retire as the President and CEO of Fairfax’s wholly-owned  Northbridge Financial Corporation subsidiary, effective May 15, 2011. Mark has been with the Fairfax organization for over twenty years and has been instrumental in its Canadian operations as the President and CEO of Northbridge and, prior there to, as the President of Markel Insurance Company of Canada.

Mark will continue to be available for consultation as Vice Chairman of Northbridge.

Silvy Wright, who has been with the Fairfax group for sixteen years and is currently the President of Markel, is assuming the office of President and CEO of Northbridge, resulting in a seamless transition.

Prem Watsa, Chairman and CEO of Fairfax, commented,

“I want  to thank Mark for his outstanding performance and loyalty with Northbridge, Markel and Fairfax over more than twenty years. As one of our longest serving Presidents in the Canadian property and casualty insurance industry, he has created tremendous value for us. All of us at Fairfax wish him well in his future endeavours.

“We look forward to the future of Northbridge with Silvy Wright at the helm. Silvy has demonstrated that she has the skills, experience  and energy to assume the leadership of Northbridge.”

Fairfax Financial Holdings Limited is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.