Canadian Underwriter

Keyword
Echelon

A close up shot of a laptop. One of the keys reads "insurance" and has an umbrella symbol on it.
News BrokersInsurance

Digital-only for P&C consumers after the pandemic? Not so fast…

June 24, 2022 by Alyssa DiSabatino

Despite online insurance gaining popularity, consumers still need — and want — personalized advice from their insurance companies and brokers, executives observed during a recent industry panel discussion.   “I had really thought at the end of 2020 that digital

Graphic of a long winding line of people.
News BrokersClaimsInsurance

How the industry is addressing service level challenges

June 20, 2022 by Alyssa DiSabatino

Consumer behaviour, supply chain issues and staffing shortages are among the reasons why service levels have been challenged in recent months, but revamping outdated technology and insourcing claims may help ease the backlog, say industry executives.  Processing claims in-house helps

News Insurance

Insurer remains committed to specialty auto market

October 27, 2021 by Jason Contant

If you’re looking to place non-standard auto coverage for your client, rest assured that one insurer remains committed to that marketplace. “Through Echelon, we are absolutely committed to being in that, I’ll use the word specialty market. I don’t like

Office workstation top view with businesspeople working around M&A
News InsuranceMergers and Aqcuisitions

New name in the works for Echelon’s former corporate owner

July 20, 2021 by Greg Meckbach

EFH Holdings Inc., the Mississauga, Ont.-based corporate owner of Insurance Company of Prince Edward Island (ICPEI), is applying to change its name ICPEI Holdings Inc. EFH was known until December 2020 as Echelon Financial, which owned Canadian P&C insurer Echelon

News AppointmentsInsurance

Echelon appoints new president

July 31, 2019 by Adam Malik

Two months to the day that regulators approved CAA Club Group’s acquisition of Echelon Insurance, Robin Joshua has been named the new president of Echelon Insurance. CAA Club Group acquired Echelon Insurance, a specialty insurer, from Echelon Financial Holdings for

News InsuranceMergers and Aqcuisitions

CAA Insurance parent agrees to buy Echelon Insurance

November 9, 2018 by Greg Meckbach

CAA Club Group has agreed to buy non-standard auto insurer Echelon Insurance for $175 million, the companies said Friday. The deal will allow CAA Insurance to reach new markets and customers, CAA Club Group president Jay Woo wrote in an

News Earnings / RatingsInsuranceMergers and AqcuisitionsProducts

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