Executive Council
Business, Tourism, Culture and Rural Development
June 15, 2015
Fostering a Healthy Business Climate and Diverse Economy
Province Attracts National Insurance Centre of Excellence
The Government of Newfoundland and Labrador is providing support to RSA Canada to expand their operations through the creation of 1,200 person years of employment, or approximately 300 full-time, professional jobs and the establishment of a Centre of Excellence in St. John’s. The Honourable Paul Davis, Premier of Newfoundland and Labrador, made the announcement at an event in St. John’s today.
“Our government is committed to attracting business and helping to create job opportunities for Newfoundlanders and Labradorians. Canada’s insurance industry has been growing steadily over the last five years, and we are pleased to see this desirable employer, which is already established in our province, choose Newfoundland and Labrador as the location for its Centre of Excellence.”
- The Honourable Paul Davis, Premier of Newfoundland and Labrador
RSA Canada has committed to approximately $70 million in new salary expenditures over the next five years. In support of this expansion, the Provincial Government is providing up to $6.5 million in the form a forgivable loan from the Investment Attraction Fund. The loan will be forgivable as RSA Canada meets its job-creation commitment. These various professional positions with attractive salaries and benefits will provide meaningful employment and career opportunities in Newfoundland and Labrador. The Centre of Excellence will service RSA Canada’s national operations.
“Our skilled and dedicated workforce, innovative culture, and competitive, pro-business environment led RSA to select Newfoundland and Labrador over all other jurisdictions for their Canadian Centre of Excellence, and we are very pleased with their investment in our province.”
- The Honourable Darin King, Minister of Business, Tourism, Culture and Rural Development
RSA Insurance Group is a multinational general insurance company headquartered in London, United Kingdom. With 17 million customers, RSA has major operations in the UK, Ireland, Scandinavia, Canada, and Latin America and provides insurance products and services in more than 140 countries through a network of local partners.
“RSA Canada is committed to the province of Newfoundland and Labrador. Our roots in the province date back more than 125 years. We are investing heavily in the province by creating approximately 300 new jobs with national scope in St. John’s. We are very pleased to be partnering with the Government of Newfoundland and Labrador on this exciting initiative.”
- Rowan Saunders, President and CEO of RSA Canada
Budget 2015 includes approximately $44.4 million to support start-up businesses, emerging growth sectors, and regional development activities. This includes $13.5 million for initiatives to attract business to Newfoundland and Labrador. The Investment Attraction Fund is designed to attract large-scale businesses to the province by providing financial assistance toward start-up or business expansion.
QUICK FACTS
- The Government of Newfoundland and Labrador is supporting RSA Canada in the creation of 1,200 person years of employment, or approximately 300 full-time, professional jobs and the establishment of a Centre of Excellence in St. John’s.
- The Centre of Excellence will serve RSA Canada’s national operations.
- RSA Canada has committed to approximately $70 million in new salary expenditures over the next five years. In support of this expansion, the Provincial Government is providing up to $6.5 million in the form a forgivable loan from the Investment Attraction Fund.
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Media contacts:
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Heather MacLean
Director of Communications Office of the Premier 709-729-3581 heathermaclean@gov.nl.ca |
Donna Ivey Special Assistant, Communications Office of the Premier 709-729-3551, 699-2402 donnaivey@gov.nl.ca |
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Tansy Mundon Director of Communications Department of Business, Tourism, Culture and Rural Development 709-729-4570, 693-1865 tansymundon@gov.nl.ca |
Amalia Kyriacou Corporate Communications Manager, RSA Canada 416-884-5925 Amalia.kyriacou@rsagroup.ca |
2015 06 15 12:50 p.m.