Chubb Canada selected as insurance provider of education savings plans
Chubb Canada selected as insurance provider of education savings plans | Insurance Business Canada
Insurance News
Chubb Canada selected as insurance provider of education savings plans
Broker of record for the program also named
Insurance News
By
Mika Pangilinan
Chubb Canada has been selected to provide insurance for the education savings plans distributed by the Children’s Education Funds Inc (CEFI).
CEFI is a provider of Registered Education Savings Plans (RESPs), which are savings accounts intended for parents looking to save for their children’s post-secondary education.
Founded in 1991, the Ontario-headquartered firm offers three types of RESPs, namely the Group Option Plan, the Achievers Plan, and the Self-Initiated Option Plan. Each of these plans is supported by a trained and licensed dealing representative, according to a note on its LinkedIn page.
CEFI taps insurance partners
In a Thursday news release, CEFI said it chose to partner with Chubb Canada in order to enhance the services it provides to its subscribers.
It also named NFP Canada as the broker of record for its insurance program.
“Chubb Canada has provided insurance to clients in Canada for many years,” CEFI’s statement read. “We are very excited to partner with Chubb Canada to continue to serve our subscribers. We are also pleased to announce that NFP Canada is our broker of record for our insurance program.”
Chubb will serve as insurance provider of CEFI’s RESPs effective January 1, 2024, according to the news release.
Chubb updates
As for recent Chubb news, the P&C giant announced last week the appointment of Frederico Spagnoli as division president of consumer lines for Overseas General Insurance, its international general insurance operation.
Within Canada, Chubb also partnered with cybersecurity company NetSPI to enhance its cyber offerings for businesses across various sectors. Specifically, the partnership has opened access to advanced attack surface management and penetration testing solutions.
What are your thoughts on this story? Feel free to comment below.
Related Stories
Keep up with the latest news and events
Join our mailing list, it’s free!
