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The year 2000 saw
Federated Insurance poised to undertake a series of major change initiatives in response to recognized external and internal drivers. Restructuring came about as result of a desire to improve proximity to and relationships with customers, and to generally, work under more efficient
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In April 2003, Fairfax
Financial Holdings formed Northbridge Financial Corporation to serve as the holding company for their Canadian insurance subsidiaries including, Federated Insurance, Lombard Canada Ltd, Commonwealth Insurance Company, and Markel Insurance Company of Canada. Northbridge
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Initially, the company was known as the
Minnesota Implement Mutual Fire Insurance Company, and retained this name for many years. They would later become the Mutual Implement and Hardware Insurance Company, then Federated Mutual Implement and Hardware Insurance Company and, finally,
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Financial
Corporation is a financial services holding company that, through its operating subsidiaries, is engaged in property and casualty insurance in Canada and in selected US and international markets. Northbridge is a wholly owned subsidiary of Fairfax Financial Holdings Ltd.
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Early in 1944, Federated Mutual aggressively went after and obtained endorsements from farm equipment manufacturers and associations across the country. This paved the way for writing insurance for many farm equipment dealers during the next few years.
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In
September 1920, Federated Mutual began its Canadian operations. By 1933, the sales force had increased from two to 17 representatives, and the annual premium income was approximately $ 1 million, primarily from hardware and implement business.
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During the 1890s, the retail implement dealers in
Minnesota formed an association, which proved to be very successful. In 1904, these dealers decided to try to reduce their insurance costs by organizing their own insurance company.
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field, and was one of the first major insurance companies to write both fire and casualty insurance. This brought a tremendous boost to the growth and development of the
Canadian operation. In November 1949,
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processes. Federated also sought to devote considerable resources to the enormous potential represented in various e-business opportunities.
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and health coverage was added, with group accident and health insurance being written for various trade associations and employer groups.
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The company has approximately 370 employees in nine offices across Canada, with approximately 150 in
Winnipeg. Federated Insurance has an
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In 1998, Contact+ Insurance
Network Ltd. was incorporated as a wholly-owned subsidiary of Federated Insurance.
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In
November 1987, the Canadian division was converted to a wholly-owned corporate subsidiary operation,
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On January 1, 1990, Federated Insurance Holdings of Canada Ltd. was purchased from Federated Mutual by
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In May 2004, Federated Holdings of Canada Ltd. announced an agreement to sell Federated Life to
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business, Federated Life Insurance Company ("Federated Life"), established in 1959, to Canada.
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246:. Effective February 28, 2005, the sale of Federated Life to Western Financial was complete.
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A. M. Best's Rating Center - Company Information for Federated Insurance Company of Canada
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463:"Fairfax Financial Holdings Ltd - Letter to Shareholders - March 6, 2009 (PDF)"
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Below is a list of products offered by Federated Insurance Company of Canada:
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Fairfax Financial Holdings Ltd - Letter to Shareholders - March 5, 2004 (PDF)
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Markets in which Federated Insurance Company of Canada operates include:
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field. Group plans were sold until the provincial governments introduced
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210:. A supplemental health plan and dental plan was introduced in 1987.
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128:(also known simply as, Federated Insurance) is a direct writer of
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Federated Mutual Insurance Company - Our History & Mission
403:"Fairfax Financial Holdings Ltd - 1990 Annual Report (PDF)"
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On January 1, 1964, Federated Mutual would bring its
495:"Western Financial Group - 2005 Annual Report (PDF)"
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Northbridge Financial, a wholly owned subsidiary of
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Federated Insurance Company of Canada - Our History
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180:On January 1, 1948, Federated Mutual entered the
548:Financial services companies established in 1920
543:Financial services companies based in Manitoba
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199:Growth continued as the company entered the
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525:Federated Insurance: Our industry expertise
258:Commercial Property and Casualty insurance
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568:Insurance companies based in Manitoba
126:Federated Insurance Company of Canada
17:Federated Insurance Company of Canada
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136:insurance products headquartered in
28:, Northbridge Financial Corporation
339:Professional & Health Services
328:Motorcycle and Powersports Dealers
162:Federated Mutual Insurance Company
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451:Northbridge Financial Corporation
215:Federated Holdings of Canada Ltd.
86:Property & Casualty Insurance
222:Fairfax Financial Holdings Ltd.
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558:Property insurance companies
553:Companies based in Winnipeg
244:Western Financial Group Inc
147:rating of "A (Excellent)."
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296:Automotive Repair Garages
563:Auto insurance in Canada
118:http://www.federated.ca/
438:March 24, 2009, at the
26:Wholly Owned Subsidiary
325:Mechanical Contractors
307:Electrical Contractors
164:("Federated Mutual").
250:Products and services
300:Commercial Property
208:socialized medicine
92:Number of employees
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291:Automotive Dealers
182:casualty insurance
138:Winnipeg, Manitoba
74:George Halkiotis (
475:on April 11, 2009
351:Trade Contractors
331:Petroleum Dealers
303:Equipment Dealers
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108:Fairfax Financial
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500:. Archived from
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408:. Archived from
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270:critical illness
226:Toronto, Ontario
204:health insurance
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348:Tire Dealers
311:Fuel Dealers
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51:Headquarters
22:Company type
342:Restaurants
537:Categories
511:2009-08-25
479:August 25,
419:2009-08-25
356:References
345:RV Dealers
266:disability
145:A. M. Best
140:, Canada.
70:Key people
282:insurance
272:insurance
168:In Canada
76:President
37:Insurance
436:Archived
335:Printers
187:accident
134:casualty
130:property
83:Products
59:Manitoba
55:Winnipeg
33:Industry
151:History
114:Website
43:Founded
268:, and
102:Parent
63:Canada
505:(PDF)
498:(PDF)
473:(PDF)
466:(PDF)
413:(PDF)
406:(PDF)
201:group
481:2009
280:auto
278:and
276:Home
262:Life
132:and
46:1920
224:of
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