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Businesses should plan for equipment loss

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While many companies are concerned about cybercrime, Northbridge Insurance is warning of a more traditional type of threat. The company says theft of equipment is a risk business owners must think about and include in business plans focused on continuity. “Crime can take many forms and affect

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Category: Northbridge Insurance News

Fairfax in Allied World acquisition agreement

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Fairfax Financial Holdings Ltd. will see a “benefit from further diversification of its business” should its proposed acquisition of Allied World Assurance Company Holdings AG go ahead. That is the assessment of A.M. Best Company Inc. An announcement on Sunday confirmed that Fairfax has

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Category: Northbridge Insurance News

Northbridge brings ride-sharing coverage to Ontario

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Northbridge General Insurance Corporation, a subsidiary of Fairfax Holdings, is writing an auto insurance policy for RideCo. The result is a solution that brings coverage for “personalized, express transit service” in the Kitchener-Waterloo, Ontario area. RideCo is a ride-sharing company, which

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Category: Northbridge Insurance News

VP Solutions Delivery Joins CSIO Board

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The Centre for Study of Insurance Operations (CSIO) has announced a new appointment to the board of directors for the group. Christopher Harness, who is VP Solutions Delivery at Northbridge Financial Corporation will take up a position with CSIO while continuing his commitments to the insurance

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Category: Northbridge Insurance News

Fairfax buys Zurich African holdings

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Fairfax Financial Holdings Ltd., the Toronto-based parent company of Northbridge Insurance and OdysseyRe, is expanding its overseas reach. The company has announced the acquisition of the South Africa and Botswana operations of Zurich Insurance Company. The company is making the purchase to

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Category: Northbridge Insurance News

Northbridge warns of distractions from hands-free kits

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Northbridge Insurance is the latest provider to warn of the dangers associated with distracted driving. More exactly, the company says hands-free products do not remove distraction and are just as dangerous as other forms of distracted driving. Many motorists still believe that replacing the

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Category: Northbridge Insurance News

Northbridge Insurance records mixed Q4

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Northbridge Insurance posted its fourth quarter and 2015 results, showing a combined ratio of 91.8% for the entire year, a 3.7 point improvement from 95.5% in 2014. The Toronto based company said that net written premiums stood at $887 million over the year, a drop of 19.6% compared to the $967.1

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Category: Northbridge Insurance News

Northbridge Insurance highlights cybercrime techniques

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Toronto based Northbridge Insurance is highlighting the risk of cybercrime this weekend, tying in the scary nature of this modern criminal activity into the Halloween season. The provider of business and personal insurance says that while many individual consumers may not pay attention to the

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Category: Northbridge Insurance News

Northbridge Insurance sees drop in net premiums, improvement in combined ratio in Q3

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Toronto-based Fairfax Financial Holdings Ltd. Released its third quarter financial results on Thursday, showing that subsidiary Northbridge Insurance (also based in Toronto) saw a 9.1% drop in net premiums through the three month premium. Northbridge Insurance did achieve an 8.8 point improvement

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Category: Northbridge Insurance News

Northbridge Insurance CEO: Canadian dollar causing transport problems

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The Chief Executive Officer of Northridge Insurance has offered her opinion on the chief problems for the Canadian transport industry while speaking at the Surface Transportation Summit. Silvy Wright, president and CEO of Northbridge Insurance, said that the continued weakening of the Canadian

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Category: Northbridge Insurance News

Northbridge Insurance granted eDoc certification from CSIO

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The Centre for Study of Insurance Operations, CSIO has granted Ontario based Northbridge Insurance eDocs certification for its commercial lines. That means the insurance provider will be able to allow brokers to download documents to their own systems directly from Northbridge’s own system.

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Category: Northbridge Insurance News


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