TORONTO, July 4, 2017 /CNW/ - Paul Mahon, Chair of the Canadian Life and Health Insurance Association (CLHIA) is pleased to announce the appointment of Stephen Frank to President and Chief Executive Officer effective July 1, 2017.
"Canada's life and health insurance industry is entering one of its most intense eras of change, particularly in areas of public policy such as the industry's distribution and disclosure practices, and lowering prescription drug costs for all Canadians," notes Mr. Frank. "We will continue to put our customers interests first and I look forward to working with governments and other stakeholders to develop solutions to these important issues."
Mr. Frank joined CLHIA in March 2010 and most recently was Senior Vice President, Policy responsible for overseeing and advocating for the industry's extensive interests related to insurance distribution matters, health and disability insurance, the industry's anti-fraud strategy and overall policy strategy development and analysis including underwriting issues. He also sits on the Board of the Canadian Drug Insurance Pooling Corporation.
Prior to joining CLHIA, Mr. Frank held senior roles in global transaction banking and financial strategy at a major bank. Prior to that, he worked as an Economist in the Financial Sector Policy branch at the Department of Finance in Ottawa.
Stephen has a Master's of Finance degree from the University of Cambridge as well as a B.A. (Honours) Economics degree from Queen's University.
About the CLHIA
The CLHIA is a voluntary association whose member companies account for 99 percent of Canada's life and health insurance business. The industry provides a wide range of financial security products such as life insurance, annuities, pensions and supplementary health insurance to 28 million Canadians. It also holds close to $760 billion of assets in Canada and employs 148,600 Canadians.
SOURCE Canadian Life and Health Insurance Association Inc.
For further information: Wendy Hope, Vice President, External Relations, (613) 691-6001, [email protected]