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Echelon Insurance

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Echelon Insurance reports near halving of net income in 2017 Q3 compared to 2016 Q3

November 3, 2017 by Canadian Underwriter

The B.C. wildfires and losses related to commercial auto and motorcycle contributed to Echelon Insurance witnessing a 42% decrease in net income and an increase in combined operating ratio for 2017 Q3 compared to 2016 Q3. Net income amounted to

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Echelon’s combined ratio improves 4.2 points to 93.5% in Q2, driven by personal auto and commercial property and liability

August 10, 2017 by Canadian Underwriter

Toronto-based Echelon Financial Holdings Inc. has reported a combined operating ratio of 93.5% for the second quarter of 2017 ending June 30, a 4.2 point improvement from 97.7% in Q2 2016, driven by strong results in personal auto and commercial

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Echelon reports Canadian combined ratio of 94% for Q1 2017, down 6% from Q1 2016

May 4, 2017 by Canadian Underwriter

Mississauga, Ont.-based Canadian P&C insurer Echelon Financial Holdings Inc. has reported a Canadian combined operating ratio of 94% for the three months ending March 31, down from 100% in Q1 2016 and driven by strong results in both personal and

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 / RatingsLegalLegislation / RegulationMergers and Aqcuisitions

Echelon Insurance receives regulatory okay for sale of European operations

March 1, 2017 by Angela Stelmakowich

Echelon Financial Holdings Inc. (EFH) has received regulatory approval from the Danish Financial Services Authority to sell its European operations, a move that will allow Echelon Insurance to roll out its strategy to focus on Canadian operations. EFH noted in