Zurich Canada Hires Industry Vet To Launch Travel Insurance Products
Bruce Parkinson, Open Jaw
There’s a new player coming to the Canadian travel insurance market. Zurich Canada is launching personal leisure travel, business travel accident and supporting accident and sickness products in Canada. The new products are expected to ready for sale by the beginning of 2019.
The company has appointed John Thain, a 25-year veteran of the travel insurance industry, as Vice President, Travel, Accident & Sickness.
“We are very excited that John has joined Zurich Canada to help us launch an accident and sickness underwriting practice, including personal travel insurance,” said David Levinson, CEO of Zurich Canada.
“With John’s experience and deep knowledge of the market, he is well equipped to lead Zurich’s travel insurance business while we continue to strengthen our customer and broker relationships across the country.”
Before joining Zurich, Thain held roles as an independent consultant, underwriter and program administrator. At Assurant Canada, he was responsible for the strategic direction of a portfolio of inclusive credit card and related voluntary insurance products in Canada. He is based in Toronto and reports to Greg Irvine, head of Specialty Products for Canada.
Zurich Canada says the global travel insurance market has grown from $12 billion in 2012 to $18 billion in 2016. In Canada, travel medical insurance is critical, because government-provided healthcare insurance stops at the border.
Zurich already has a global portfolio of travel insurance and assistance services under the umbrella of specialist provider Cover-More, which Zurich acquired last year.
Bruce Parkinson Editor-in-Chief
An observer and analyst of the Canadian and international travel industries for over 25 years, Bruce uses the pre-dawn hours to prepare a daily news and information package to keep industry members up to date.