The Insurance Bureau of Canada (IBC) announced that the latest P&C insurer to join its industry association is Tokio Marine Canada (TMCAN).
According to the bureau, the addition of TMCAN “brings a great deal of expertise in the specialty commercial insurance market to the industry association.” A member of the Tokio Marine Group of Companies, TMCAN is a relatively new Canadian P&C insurer.
"We are proud to welcome our newest member, Tokio Marine Canada, to IBC," said IBC president and CEO Don Forgeron, who added that IBC admires TMCAN’s “entrepreneurial spirit” and the rich history of the Tokio Marine family of companies.
"TMCAN strives 'to be a good company' – to go above and beyond for its customers and society in their times of need," said Tokio Marine Canada CEO Mike George. "As these values align with IBC and the work they do for Canadians, we're proud to join the industry association. We look forward to helping build upon IBC's reputation as a credible, trustworthy voice for the insurance industry."
Read more: IBC welcomes two new association members
In late March, IBC announced that SE Mutual Insurance and Saskatchewan Mutual Insurance (SMI) had signed on as members of its industry association. SE Mutual is the largest locally-owned insurance company in New Brunswick. Meanwhile, SMI has been in business since 1908 and works with brokers in Saskatchewan, Alberta and Manitoba.
Read more: IBC's Don Forgeron announces retirement
News of IBC’s newest member organization also comes after president and CEO Don Forgeron announced his retirement after serving the association for 28 years. The search for his successor began this month.
