What's New

Safety Surveyor Service Position with PEI Mutual Insurance Company

7/17/2017

Safety Surveyor Service Position

PEI Mutual Insurance Company asks you to consider joining us in serving our Members. Founded over 132 years ago, with its roots in our Island’s primary resources, PEI Mutual is the largest property and casualty insurer on PEI.

The successful applicant will be travelling throughout PEI providing free safety surveys to our policyholders. Continued education is required.

Qualifications for applicants:

  • A Licensed Journeyman Electrician;
  • High level knowledge of the various home heat systems;
  • Good knowledge of the National Building Code;
  • High level of computer literacy;
  • A desire to continually learn;
  • Excellent communication and interpersonal skills;
  • Excellent organizational skills;
  • Ability to multi-task in a fast paced environment;
  • Valid driver’s license;
  • A desire to serve our policyholders.
If you are interested in working for a longstanding successful Island company please send your resume to PEI Mutual Safety Surveyor Service Position by August 11, 2017.

Claims Manager Position with PEI Mutual Insurance Company

5/10/2017

Claims Manager Position

PEI Mutual Insurance Company asks you to consider joining us in building our future. Founded over 132 years ago, with its roots in our Island’s primary resources, PEI Mutual is the largest property and casualty insurer on PEI.

Position Overview: Reporting to the CEO and serving as a member of the management team this position offers a unique opportunity to pair business management skills with a background in law to provide overall management functions within the Claims Team.

Responsibilities Include:

  • Provide overall direction, leadership and development of all claims activities;
  • Oversee consistent, fair and prompt settlement of claims;
  • Coordinate training of the claims team;
  • Monitor departmental expenditures;
  • Provide opinions and coordinate legal services both internally and externally;
  • Effectively manage reserves to provide financial reporting integrity;
  • Consult internally to provide subject matter expertise.
Personal Characteristics: The successful candidate will demonstrate a natural desire to provide exceptional customer service and will possess the following characteristics:

  • Self-Starter with excellent organizational, time management and project management skills;
  • Excellent written and oral communication skills;
  • Analytical and problem solving ability;
  • Demonstrated negotiation, mediation and conflict resolution skills;
  • Leads through example with strong ethics and a positive and professional behavior;
  • Respectful of privacy and confidentiality policies;
  • Committed to continued study and professional development;
  • Two or more years experience as member of the Law Society of PEI, (or eligible);
  • Valid drivers license;
  • Broad knowledge of Prince Edward Island, its people and industries;
  • Willing to reside in the Greater Summerside area.
To Apply: Interested candidates are invited to submit, in confidence, a CV and cover letter outlining strengths in the responsibilities and characteristics to PEI Mutual Claims Manager Position, by June 5, 2017.

FAVORABLE WEATHER CONDITIONS GIVE REPREIVE TO PEI MUTUAL POLICYHOLDERS DURING 2016

4/26/2017

The new executive of PEI Mutual Insurance Co. was recently elected following the Company's 2017 Annual General Meeting. Incoming President, Brian MacKinley (centre) accepts the gavel from outgoing President, Stewart MacRae. Also looking on is Claude Dorgan, the Company's 2017 Vice-President.

After three consecutive years of significant claims activity, totaling nearly $40 million in covered losses, members of PEI Mutual Insurance Company finally experienced a bit of a reprieve in 2016. The Company, with its growing membership of 27,500 policyholders, was able to achieve an underwriting profit of $3.4 million in 2016 and a bottom-line income of $5.2 million, helping to offset much of underwriting losses experienced in the three preceding years.

CFO, Rudy Smith, commented that the Company's "saving grace" has always been the success of its internally managed investment portfolio, especially in those years of underwriting losses. Over the past 10 years the Company has been able to consistently achieve a bottom-line income mainly due to its consistent stream of investment income derived from the profits that have been retained and reinvested in the Company since its inception in 1885. Company CEO, Terry Shea, who recently announced his upcoming retirement, expressed great pride in what the Company has been able to achieve in his 16 years as the Company's CEO and for the 16 years before that as CFO. One of several key success factors that he noted was the reduction in the Company's expense ratio from 46% in 2000 down to 33% in 2016. "Building efficiencies into the Company's day-to-day operations has allowed us to allocate more of our policyholder's premiums towards the payment of claims and less towards the costs of running the business." Mr. Shea reflected much praise and thanks to the team of staff, agents and Directors around him that has seen the Company's grow from a premium base of $3.2 million in 1984 to $22.8 million in 2016.

Outgoing President, Stewart MacRae, was pleased to announce that the Company would be continuing with its 10% Mutual Rebate to policyholders in the upcoming year, noting that this would be reflected on the renewal of their policies in 2017.

PEI Mutual is located in Summerside, PEI and is the only insurance company of its kind. Island owned and operated since 1885 with decisions made locally!

NOTICE OF ANNUAL MEETING

3/14/2017

The Annual Meeting of the Members of the Prince Edward Island Mutual Insurance Company will be held at the Royal Canadian Legion building, 340 Notre Dame Street, Summerside, PEI on the 11th day of April, 2017, at 2:00 p.m.

The purpose of the meeting is to receive the financial statement and the auditor’s report for 2016; to elect directors; to appoint auditors; to amend bylaw 7 to correct descriptions of Director Zones 4, 7 & 8; and to transact other business which may properly be brought before the meeting.

A copy of the Notice of Motion for the Bylaw change is available by contacting head office at 1-800-565-5441 or PEI Mutual EMail

About

What's New is our way of sharing any important news with our customers. Check back regularly to stay informed about the latest events, meetings and news.

Archive