Silvy Wright featured in Canadian Underwriter

Our CEO, Silvy Wright, is featured in this month’s issue of Canadian Underwriter.

Flip to page 39 to read her market outlook on 2017, or click here to jump straight to article.

Northbridge Insurance introduces new ridesharing policy for RideCo drivers in Ontario

Northbridge Insurance is proud to announce today that it will provide drivers of one of Canada’s fastest-growing ridesharing companies, RideCo, with an insurance solution that’s tailored to their needs.

Unlike a personal auto insurance policy, Northbridge Insurance’s new commercial ridesharing policy will cover drivers from the moment they are available to accept a ride request, up to the moment their passenger leaves their vehicle.

“We worked with RideCo to design coverage that would meet the needs of their drivers and passengers, and be simple and easy to use,” said Ilda Dinis, VP of Customer Experience and Marketing. “We’re excited to partner with an innovative Canadian company that’s focused on ridesharing.”

“Shared rides in dynamically routed vehicles is key to making microtransit successful, and filling in the gaps where traditional transit solutions are inconvenient or inefficient,” added Prem Gururajan, RideCo Founder and CEO. “Northbridge Insurance’s new insurance policy makes it easy for rideshare drivers to participate in the growth of microtransit services, thus making our cities more connected.”

Currently operating in the Waterloo region, passengers on the RideCo platform can easily book a trip door-to-door or hub-to-hub using the RideCo app. RideCo’s technology matches customers based on their route and facilitates shared trips, which often means passengers save money. Unlike other shared-ride solutions that are only offered in high density downtown cores such as Toronto, the RideCo solution provides great sharing in high density as well as lower density cities and suburb-to-city scenarios.

RideCo’s platform was recently utilized for a one-year microtransit pilot in Milton, through a partnership with Metrolinx and Milton Transit.

About RideCo:

Based in Waterloo, RideCo has created the next generation logistics and shared-mobility platform. Our technology enables door-to-door and hub-to-hub shared rides everywhere, including lower density regions currently unserved by existing solutions. RideCo is forging the future for shared mobility and microtransit. Visit rideco.com for more information.

About Northbridge Insurance:

Northbridge Insurance is a leading Canadian commercial insurer. Working with our broker partners, we focus on understanding the needs of our customers and on creating solutions that make a difference to their success.

Ridesharing policy underwritten by Northbridge General Insurance Corporation.

Fairfax Financial Holdings Limited donates $1 million to Red Cross for Fort McMurray disaster relief

With the Fort McMurray wildfires recognized as one of the worst natural disasters in Canadian history, Fairfax Financial Holdings Limited, together with Northbridge, announced it has donated $1,000,000 to the Canadian Red Cross for services providing wildfire relief.

This is an increase from the initial $200,000 pledged by the company based on the extent of the damage and impact these fires have had on the local community.

The donation is in addition to fundraising efforts by Northbridge Insurance, Federated Insurance and Trushield Insurance staff from across the country to assist the residents of Fort McMurray.

Read the full press release at Fairfax.ca