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.
Manjinder Singh knows to stay clear of trucks when driving on Toronto’s highways— because he sells them insurance.
Singh, managing partner of Young’s Insurance Brokers in Brampton, Ont., feels the number of truck accidents is too high in Canada. “It’s getting worse and worse each year,” says Singh. “Trucks are very heavy—they can carry 50,000 pounds. If they hit someone, the impact is huge. The injuries are mostly catastrophic.”
The recognition comes as a part of Report on Business’ third annual ranking of Canada’s most valuable brands. Competing with some sure Canadian bets, Northbridge made the list for the first time this year. This recognition comes just three years after Northbridge was introduced to the Canadian market, marking an important milestone in the company’s journey.
“In 2012, we brought four strong commercial lines insurance companies together to form Northbridge, a leading Canadian commercial lines insurer,” said Silvy Wright, President and CEO. “Since then, we’ve built on our shared strengths to build our reputation as a company committed to delivering an exceptional customer experience to Canadian businesses. That’s at the core of what our business is all about.”
“Investing in modernizing operations to deliver better service to customers at every touch point – sales, service and claims handling – will continue to be a trend in the year ahead. As customers increasingly expect tools and information to be available digitally, insurers can anticipate more innovative uses of technology to interact with customers.”
Mother Nature, human nature and the nature of technology
Although they may feel like opposing forces, evolving technology and changing weather are working to alter both the trucking industry and the people in it.
Silvy Wright, president and CEO of insurance provider Northbridge Financial Corp., told the audience in the main hall at the 2014 Surface Transportation Summit that trucking companies need to be willing to respond to both the new realities imposed by man-made and naturally generated forces.
Partnering for success
For Silvy Wright, the road to the top job at Northbridge Financial Corporation, a Fairfax Financial property, began in Budoia, a municipality in the northwestern Italian province of Pordenone. After immigrating with her family to Canada at the age of six, Wright made stops at the University of Toronto, with Coopers & Lybrand in the U.K. and, back in Canada, with Markel Insurance, the Northbridge subsidiary. She was named the Northbridge CEO in 2011.
A smart social media strategy is key
We live and work in an increasingly connected world, where employees and customers alike can easily share a wealth of information. A recent survey by Media Technology Monitor found that 71% of Internet users are now active on social media, and the interest in platforms such as Facebook, LinkedIn and Twitter continues to grow. This is all a good thing – as long as the online conversations are managed against the backdrop of an effective social media strategy.
Any corporate strategy designed to manage such messages begins with a clear understanding of how different social media platforms are used. LinkedIn, for example, gives business professionals a place to share everything from contact details to virtual resumes and recommendations. Facebook, which according to Media Technology Monitor reaches a whopping 93% of Canada’s social media users, tends to be a stronger platform for personal and lifestyle-related posts. Twitter’s 140-character bites of information offer a quick way to share news and engage in related conversations.
At Northbridge Insurance, digging deeper and going further than anyone else in the industry to understand their customers’ unique business insurance needs is what has made them the kind of company customers and brokers know they can always rely on. Headquartered in Toronto, Ontario, with regional offices in Vancouver, Calgary, Edmonton, Montreal, Quebec City and Halifax, the firm serves a Canada-wide market, currently controls over $5.6 billion in total assets and has approximately 1500 employees.
Insurance Institute of Canada elects new board members
The Insurance Institute of Canada celebrated its 60th annual general meeting in Toronto, Ontario on October 19, 2013, electing Silvy Wright as its chair of the board of governors. The Insurance Institute is the premier professional education body for the property & casualty insurance industry in Canada.
Northbridge Financial Corporation is a leading commercial property and casualty insurance group that's been helping to protect Canadian businesses for more than 90 years.
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