Northbridge Financial Corporation

Northbridge Financial Corporation

June 20, 2011 16:00 ET

Northbridge to Create New Connected Organization-Three Subsidiaries to Operate Under One New Brand

Company Moves to Gain Competitive Advantage Through Leveraging Combined Expertise and Strengths

TORONTO, ONTARIO--(Marketwire - June 20, 2011) -Northbridge Financial Corporation, one of Canada's leading commercial insurance groups, announced today, that three of its subsidiaries, Lombard Insurance, Commonwealth Insurance and Markel Insurance will operate under one brand, Northbridge Insurance, to support its broker partners. Federated Insurance will continue to operate as the company's captive agency distribution arm through its dedicated sales agents. Zenith will also continue to operate its personal lines of business.

"This is an exciting time for us" said Silvy Wright, President and CEO of Northbridge. "By combining the strength of our talent, the diversity of our products and leveraging the scale of our operations as one company, we will be better positioned for long-term growth."

About Northbridge

Northbridge (www.northbridgefinancial.ca) is one of Canada's leading commercial P & C insurance companies with $1.3 billion in premiums providing property, automobile and general liability and a wide range of insurance products to businesses primarily in Canada. Northbridge is a wholly-owned subsidiary of Fairfax Financial Holdings.

Contact Information

  • Northbridge Financial Corporation
    Craig Pinnock
    Chief Financial Officer
    (416) 350-4431

    Media Contact:
    Marjorie Wallens
    Corporate Communications
    (416) 350-5652