TD Insurance will be expanding in Halifax, creating up to 140 new full-time jobs over the next six years.
The province, through Nova Scotia Business Inc. (NSBI), is supporting this growth with a $1,855,125 payroll rebate. The rebate will support employee training, allowing the company to hire new graduates as it grows to meet business demand.
Premier Darrell Dexter made the announcement today, May 4, at the company's office on Bayers Road in Halifax.
"This demonstrates how the province's jobsHere plan, through strategic investment in business, is creating good jobs and growing the economy," said Premier Dexter. "TD Insurance is an excellent example of a business committed to growth in Nova Scotia and creating high-value jobs for Nova Scotians."
Employees at TD Insurance’s Halifax office provide sales and service support for the Atlantic provinces, as well as claims support, HR and administrative functions for the company.
"As TD Insurance continues to grow and expand, it's important for us to draw from the best talent to meet the needs of our customers," said Jane Duchscher, senior vice-president, client services, TD Insurance. "We already have a strong presence in Halifax and this is a great opportunity for us to partner with the province through NSBI to help support our future growth."
The insurance industry in Nova Scotia employs 4,500 people at wages 38 per cent higher than the provincial average. According to INSURECONOMY, a study released in March 2010, the industry will experience a 25 per cent growth in employment over three years.
"The business development world is highly competitive, and this announcement proves that our continued work is pivotal in helping companies like TD Insurance choose Nova Scotia as their location for growth," said Stephen Lund, president and CEO of NSBI.
TD Bank Group's insurance companies and operations carry on business under the TD Insurance brand. TD Insurance offers a wide range of products to help protect clients from the "accidents of life", including credit protection, life, health, travel, home and auto insurance. TD insurance has had a presence in Nova Scotia since 1996. For more information, visit www.tdinsurance.com.
Nova Scotia Business Inc. is the province's private-sector-led business development agency. Through trade development, investment attraction, business financing and venture capital, NSBI assists local companies and attracts international companies to Nova Scotia. Connect with NSBI online.