Northbridge expands product line to include surety bonds

TORONTO, May 9, 2017 – Northbridge Financial Corporation is expanding its product line to include surety bonds.

Starting June 1, 2017, businesses across Canada will have access to an extensive selection of contract and commercial bonding solutions.

“Northbridge is now open for surety business,” says Silvy Wright, President & CEO, Northbridge Financial Corporation. “Our added product capability allows us to enhance our service to existing and new customers in key industries where we’re targeting further growth, such as the Construction and Contracting sector.”

Northbridge acquires surety business of Fenchurch

Northbridge will enter the surety market by acquiring the surety underwriting business of Fenchurch General Insurance Company, which has a proven track record of profitability.

The acquisition includes United Surety Limited – which will be re-branded as Northbridge Surety Limited – and Capital Administration Services Inc., a provider of funds control services.

The transaction is scheduled to be completed on May 31, 2017.

“We’re pleased to welcome this specialized team of surety experts, led by Iqbal Bhinder, who brings a decade of experience in the surety business to our operations,” says Silvy Wright.

About Northbridge Financial Corporation

Northbridge Financial is a leading commercial property and casualty insurance group that’s been helping to protect Canadian businesses for more than 100 years. We’re 100% Canadian and wholly owned by Fairfax Financial Holdings Limited. We offer a wide range of innovative solutions to Canadian businesses through our Northbridge Insurance, Federated Insurance and TruShield Insurance brands. Visit us at www.nbfc.com to learn more.

For more information, contact:
Emily McCauley
Manager, Content Marketing
Northbridge
416-350-4341
[email protected]

/by

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.

/by

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

/by

Scott Creighton talks to CI Top Broker magazine about untrained truckers hitting the road

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.”

Read the full story here
/by

Northbridge recognized as one of Report on Business’ Canada’s Top 100 brands

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.”

/by

Silvy Wright shares her views on the key trends affecting the Canadian P&C market in 2015 and how the industry should respond with Canadian Underwriter

“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.”

Click here to read the full story
/by

Silvy Wright, President and CEO of Northbridge, shares her thoughts on key trends impacting the trucking industry at the 2014 Surface Transportation Summit

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.

Click here to read the full story
/by

Northbridge Insurance shares social media advice with Truck News

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.

Click here to read the full story
/by

Northbridge Insurance profile in Canadian Business Journal

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.

Click here to read the full story
/by

Silvy Wright elected chair of the Insurance Institute board of governors

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.

Click here to read the full story
/by