Canadian Underwriter

Echelon Financial Holdings

News InsuranceMergers and Aqcuisitions

Regulator greenlights Echelon Insurance acquisition

May 31, 2019 by Greg Meckbach

A $166-million deal aimed at getting CAA Insurance some new non-standard auto customers is a done deal. CAA Club Group’s acquisition of Echelon Insurance got final regulatory approval, Echelon Financial Holdings Inc. announced Thursday. The deal officially closed on May

News AppointmentsInsuranceLegislation / Regulation

Brian Reeve elected to board of auto insurer

June 15, 2018 by Greg Meckbach

Insurance regulation expert Brian Reeve was elected this week to the board of directors of Echelon Financial Holdings Inc., a property and casualty insurer spun off in 2005 from subsidiaries of The Co-operators Group Ltd. Reeve is partner and chair

News AppointmentsInsuranceProfessional Development

P&C employment news of the week

February 2, 2018 by Jason Contant

Ontario brokerage appoints vice president of corporate risk Mississauga, Ont.-based Hubbard Insurance Group announced on Feb. 1 that it had appointed Bryce Elliott to the position of vice president, corporate risk. Elliott has been an account manager at the brokerage

News InsuranceMergers and Aqcuisitions

Non-standard auto insurer Echelon completes sale of European operations

March 8, 2017 by Canadian Underwriter

Echelon Financial Holdings Inc. announced Tuesday it has completed the sale of its European operations, which provide non-standard auto through Danish insurer Qudos Insurance A/S. At current exchange rates, Mississauga, Ont.-based Echelon will receive about $5.1 million on closing “and

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Echelon Financial Holdings’ net loss rises to $4.5 million in 2016 Q1, dividend suspended, strategy is to build on Canada’s strengths

May 5, 2016 by Canadian Underwriter

Challenges in Echelon Financial Holdings Inc.’s International business overshadowed solid Canadian profits, contributing to the company reporting a net loss in 2016 Q1 compared to the prior-year quarter. Net loss for the three months ended Mar. 31, 2016 amounted to