Northbridge Financial Corporation

Northbridge Financial Corporation

February 26, 2008 17:01 ET

Northbridge Financial Corporation Announces New Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - Feb. 26, 2008) - Northbridge Financial Corporation (TSX:NB) today announced that Craig Pinnock will join the Company as Chief Financial Officer effective March 31, 2008, succeeding John Varnell upon his retirement.

Mr. Pinnock is a Chartered Accountant who brings to Northbridge a deep understanding of the North American property and casualty insurance industry. For more than 8 years, he has served in progressively senior finance roles within the Liberty Mutual Group, most recently as Senior Vice President & Chief Financial Officer of Liberty Mutual Group's Canadian Branches and as Global Head of Reinsurance Accounting & Administration for Liberty International Underwriters, Liberty's specialty lines business unit. Prior to these positions, Mr. Pinnock served as Senior Vice President & Chief Financial Officer of Liberty International's U.S. operations in New York, after 11 years with a major accounting firm in senior audit, tax and administrative roles.

Mr. Varnell has been Northbridge's Chief Financial Officer since 2005, having also served on the Company's board of directors from 2003 until 2007.

"We are pleased to welcome Craig to Northbridge", commented Mark Ram, Northbridge's President and Chief Executive Officer. "His numerous talents and industry expertise will be a great addition to our team as we move forward into the future. I would also like to take this opportunity to thank John Varnell for his support and countless contributions to the Northbridge Group over the years. We've been extremely fortunate to have had John on our team and look forward to his assisting Craig with a seamless transition."

Northbridge is the leading commercial property and casualty insurance group in Canada, providing property and casualty insurance products through its subsidiaries primarily in Canada through multiple distribution channels. Northbridge common shares are listed and traded under the symbol NB on the Toronto Stock Exchange. Visit Northbridge's website at for more information.

Contact Information

  • Northbridge Financial Corporation
    John Varnell
    Chief Financial Officer
    (416) 350-4300
    (416) 350-4307 (FAX)