Northbridge: Everything you need to know
Head office: Toronto, ON
Other offices (Northbridge Insurance): 3 (Montreal, Halifax, and Vancouver)
Annual premiums (Northbridge Financial): $1.3 billion
Northbridge Financial is a leading Canadian commercial and property insurer, and is wholly-owned by Fairfax Financial Holdings Limited. Northbridge Financial’s companies include Northbridge Insurance, Federated Insurance (a direct commercial insurer), and TruShield Insurance, which is focused on small business owners.
Northbridge Insurance has expertise in commercial insurance, personal insurance, small business needs, surety bonding services, specialty insurance solutions (including cyber and marine), and ridesharing insurance. The company also offers risk management services.
Northbridge in the news
February 2017: Northbridge Insurance offers water sensor deal
May 2017: Northbridge buys surety line to become “one stop shop”
March 2018: Northbridge Financial waves goodbye to paper claims cheques
April 2018: Northbridge Insurance introduces new claims appraisal service
November 2018: Northbridge Insurance says cargo thieves are targeting meat shipments, trailers
June 2019: Northbridge’s Silvy Wright elected Chair of the Board of Directors for the Insurance Bureau of Canada
Key people as of 2019
Silvy Wright – President and CEO at Northbridge
Wright has been president and CEO of Northbridge since 2011. Before coming over to the company, Wright played an important role in building Markel Insurance into Canada’s premier trucking insurer. She was Markel’s president and CEO from 2006, as well as executive vice president and vice president – finance since she joined the company in 1994. Wright has also held other senior positions in the insurance and financial services industries.
Wright has an Honours Bachelor of Arts in Economics and Commerce from the University of Toronto and is a Chartered Accountant. She was recently appointed to the Insurance Bureau of Canada’s board of directors as chair.
Northbridge invests in communities through partnerships with three national youth-focused organizations: Pathways to Education, DAREarts Foundation, and SickKids Foundation. The company also supports Tree Canada, a non-profit charitable organization that promotes the planting and nurturing of trees in Canada, the United Way, and the Women in Insurance Cancer Crusade (WICC).
Companies boast outstanding performance across several key areas
Short seller Muddy Waters' 'drive by shooting' slammed by some (but not all) analysts
Insurers face class action cases and individual lawsuits in 2024
Insurance for contractors is needed for construction projects. But with plenty of options available, finding the right policies can be hard. This guide can help