TORONTO, April 22 /CNW/ - Rowan Saunders, Chair of the Board of Directors
of Insurance Bureau of Canada, announced today that Don Forgeron is taking the
helm as IBC's new President and CEO. The announcement comes at the conclusion
of a seven-month search.
"I speak for the entire Board of Directors when I say I am delighted with
today's announcement," said Mr. Saunders, who is also President and CEO of
Royal & SunAlliance Insurance Company of Canada. "We conducted an exhaustive
search for a leader with a passion for our industry and the right vision for
its future. Candidates came forward from across the country, presenting an
array of qualifications and experience. The search committee was impressed by
the quantity and quality of applicants, specifically in terms of their
backgrounds and their capacities for leadership at a senior level. From their
ranks, Don emerged as the clear choice. His selection was endorsed unanimously
by the entire Board."
Mr. Forgeron, who assumes the post immediately, brings extensive
experience to the leadership role. He is currently the organization's
Vice-President, Ontario and, prior to that, was IBC's VP, Atlantic, for 15
years. In addition, he has held leadership roles in IBC's insurance fraud
division and has managed an array of national files, including availability of
insurance for the commercial and not-for-profit sectors, and rate regulation
reform across the country.
Mr. Forgeron is a native of Louisdale, Cape Breton Island, Nova Scotia.
His son and daughter live in Halifax. He and his wife, Linda Kelly, a former
CBC television anchor, now make Toronto their home.
Insurance Bureau of Canada is the national industry association
representing Canada's private home, car and business insurers. Its member
companies represent nearly 95% of the property and casualty (P&C) insurance
market in Canada. The P&C insurance industry employs over 110,000 Canadians,
pays more than $6 billion in taxes to the federal, provincial and municipal
governments, and has a total premium base of $38 billion.
To view news releases and information, visit the media section of IBC's
website at www.ibc.ca.
For further information:
For further information: James Geuzebroek, (416) 362-2031 ext. 4364