Canadian Insurance Top Broker, 2017
PROPERTY CASUALTY INSURERS REINSURERS PROPERTY CASUALTY INSURERS REINSURERS INSURANCE CORPORATIO N OF BRITISH COLUMBIA 151 West Esplanade North Vancouver BC V7M 3H9 Tel 604 661 2800 Fax 604 982 4733 Toll Free 1 800 663 3051 Web Site www icbc com INSURANCE COMPANY OF PRINCE EDWARD ISLAND Landing Place 14 Great George Street 3rd Floor Charlottetown PEI C1A 4J6 Tel 902 368 3675 Fax 902 566 4662 Website www icpei ca 2017 National Insurance Directory 132 INSURANCE companies INSURANCE companies HISTORY Established as a provincial Crown corporation in 1973 OFFICERS IN CANADA Mark Blucher Interim President and CEO Steve Crombie Vice President Communications and Marketing and Vice President Human Resources Acting Sheila Eddin Vice President Transformation Kellee Irwin Vice President Insurance and Driver Licensing Acting Brian Jarvis Vice President Claims Acting Kathy Parslow Vice President Corporate Services Andy Platten Chief Information Officer Geri Prior Chief Financial Officer CLAIMS SERVICE LOCATIO NS Lower Mainland Abbotsford Chilliwack Langley Surrey 2 Burnaby Coquitlam Maple Ridge New Westminster Richmond North Vancouver Sechelt Squamish Vancouver 2 Whistler Pemberton Vancouver Island Campbell River Courtenay Duncan Nanaimo Port Alberni Powell River Victoria North Central Dawson Creek Fort St John Quesnel Prince George Prince Rupert Smithers Terrace Williams Lake Southern Interior Cranbrook Kamloops Kelowna Nelson Penticton Salmon Arm Trail Vernon AFFILIATIO NS MEMBERSHIP PACICC CLASES OF INSURANCE Automobile Liability Auto Personal Accident and Auto Other ICBC administers the Insurance Vehicle Act known as Autoplan CANADIAN BUSINES NL E RATI NG AAA 2014 2015 Q2 2016 000 000 000 Assets 15882702 16697535 N A Liabilities 12267025 13551504 N A Equity 3615677 3146031 N A Direct Premiums 4263382 4645857 N A Reinsurance Assumed N A Net Premiums Written 4254149 4636837 N A Net Premiums Earned 4158695 4447931 N A Net Claims Incurred 3894833 4363495 N A Underwriting Income 358281 666050 N A Investment Income 852080 919869 N A Underwriting Cost Index 10844 11466 N A NPW Equity 11766 14739 N A Net Leverage Equity 40027 50635 N A HISTORY Incorporated in Canada on May 14 1987 OFFICERS IN CANADA Charles Cooke President Serge Lavoie Chief Executive Officer Alvin Sharma Chief Financial Officer James T Revell Chief Operating Officer UNDERWRITING CONTACT Dorothy Josephson Assistant Vice President Underwriting Systems and Services CLAIMS CONTACT James Revell Chief Operating Officer AFFILIATIO NS MEMBERSHIP IBC PACICC IIC CSIO CLASES OF INSURANCE Personal lines Commercial Property Commercial Auto Group Insurance PROVINCES LICENSED Licensed in the provinces of Prince Edward Island New Brunswick and Nova Scotia CAPITAL Share Capital 4000000 Contributed Surplus 162235 Retained Earnings 10564419 CANADIAN BUSINES NL E RATI NG AAA 2014 2015 Q2 2016 000 000 000 Assets 51345 51460 54683 Liabilities 38980 38109 39956 Equity 12365 13350 14727 Direct Premiums 27553 27475 14748 Reinsurance Assumed Net Premiums Written 25260 25654 13604 Net Premiums Earned 26026 25652 12708 Net Claims Incurred 19143 16663 6442 Underwriting Income 2202 123 1323 Investment Income 891 67 567 Underwriting Cost Index 10830 10047 8959 NPW Equity 20429 19216 N A Net Leverage Equity 46598 43178 N A RATI NGS BY RATI NG AGENCIES A M Best B 06 28 2016
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