October 23, 2018 by Greg Meckbach
Ed Holder, who led a major expansion of commercial brokerage Stevenson and Hunt Insurance Brokers Ltd., is the new mayor of London, Ontario.
All Ontario municipalities held elections Monday. Unofficial results published Tuesday indicated Londoners elected Holder, who was president of Stevenson & Hunt from 1999 through 2008, as their new mayor.
Founded in London in 1935, Stevenson & Hunt expanded to three other Ontario cities under Holder’s leadership. Stevenson & Hunt is now part of Arthur J. Gallagher & Company, one of the world’s largest property and casualty insurance commercial brokerages.
After serving as Stevenson & Hunt president for nearly 10 years, Holder was elected to federal office in 2008 as Conservative Member of Parliament for London West. Holder served as Minister of State for Science and Technology from 2014 until November, 2015, when he was defeated. London West’s current MP is Kate Young, a former news anchor for CFPL television.
In 2014, Stevenson & Hunt was part of the Noraxis Group when the latter was acquired from Roins Financial Services Ltd. by Gallagher. In 2016, Gallagher re-branded Stevenson & Hunt as well as several other brokerages (including CG&B Group Inc) that Gallagher acquired from Noraxis.
Born and raised in Toronto, Holder graduated from Western University in 1976 and worked for Prudential in Toronto in the early 1980s. Holder became a Stevenson & Hunt partner in 1995 and president four years later. While leading Stevenson & Hunt, the firm opened offices in Toronto, Cambridge and Waterloo.
With a census metropolitan area population of about half a million, London ranked 11th in Canada by population in the 2016 census.
London has a ranked balloting system. On Monday, voters ranked the candidates in order of preference on the ballot: first, second and third. Once all votes are counted, if one candidate does not have more than 50% of the votes, the candidate with the fewest number of votes is eliminated; the votes of the eliminated candidate are then re-allocated based on the second-place preferences. The process continues until one candidate has more than 50% of the vote.
After 14 counts, every candidate except Holder was eliminated Tuesday.