Effective December 1, 2016, CBIA and CBAF have amalgamated into one organization – The Canadian Bar Insurance Association (CBIA).
CBIA was founded in 1981 as a not-for-profit insurance association for Canada’s legal community. CBAF was founded in 2002 by CBIA and The Canadian Bar Association (CBA). The decision to amalgamate CBAF and CBIA has been approved by the Boards of Directors of CBIA, CBAF and the CBA, and the members of CBAF and CBIA.
“Our vision is to be the trusted provider of choice for insurance and investment/financial products for lawyers, their families and staff” said Henry Kugler, President and CEO of CBIA. “Bringing these two organizations together moves us closer to that goal.”
Current and future clients of CBIA and CBAF will not experience any disruption. Over time, clients will benefit from an expanded line-up of financial and insurance products.
“Members of The Canadian Bar Association will continue their access to the insurance and investment plans offered through CBIA,” noted Cheryl Farrow, Chief Executive Officer of the CBA. “As well, the CBA and CBIA will maintain the solid partnership we have always enjoyed, as we continue working together to serve the profession across Canada.”
Any questions should be directed to Izhak Goldhaber, VP Marketing and Product Development, Privacy Officer at CBIA. He can be reached at 647-789-3517 or firstname.lastname@example.org .
Background & FAQs
The Canadian Bar Insurance Association (CBIA) and CBA Financial Services Corporation (CBAF) have amalgamated and will continue as one entity – CBIA. The amalgamation is effective December 1, 2016.
The purpose of the amalgamated entity is to:
- make available to the legal community: insurance, investment and financial products.
- provide management, sales and administrative services for these products.
The amalgamation has been approved by the Board of Directors of the following entities:
- The Canadian Bar Association (CBA)
Why are you undertaking this amalgamation?
CBIA’s vision is to be the trusted provider of choice for insurance and investment/financial products for lawyers, their families and staff. Bringing these two organizations together allows us to be more efficient in our operations, benefitting current and future clients and will provide an enhanced client experience.
What is changing?
Prior to amalgamation, CBAF was a separate entity controlled by CBIA and the CBA. Upon amalgamation, CBAF operations will be part of CBIA. The amalgamated entity will continue to operate on a not-for-profit basis ensuring any surpluses are funnelled back into the programs.
What is the new name of the amalgamated entity?
The legal name will be The Canadian Bar Insurance Association (CBIA). CBA Financial Services (CBAF) will continue to be used until the transition is complete.
When will the amalgamation take effect?
The amalgamation takes effect on December 1, 2016.
How will this amalgamation affect current clients?
It is business as usual from a client perspective as clients will not see any immediate changes. Over time, clients will benefit from an expansion in the breadth of investment/financial products available to them.
How does this affect the CBA?
The CBA is an important partner and, as always, the CBA will share in the success of CBIA. As the program grows, so will the revenues to the CBA.