New name in the works for Echelon’s former corporate owner
July 20, 2021 by Greg MeckbachEFH 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…
Updated: What emergency relief will insurers offer customers? Here’s what they told us
May 31, 2021 by Adam MalikEditor’s notes: This story has been updated to include additional information from Allstate. Insurance Bureau of Canada announced in 2020 that its members are offering reductions in auto insurance premiums for consumers whose driving habits have changed significantly. You can…
Regulator greenlights Echelon Insurance acquisition
May 31, 2019 by Greg MeckbachA $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…
CAA Insurance parent agrees to buy Echelon Insurance
November 9, 2018 by Greg MeckbachCAA 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…