TORONTO, June 27, 2017 /CNW/ - Insurance Bureau of Canada (IBC) is pleased to announce that its Board of Directors has elected Kenn Lalonde to serve as Chair of the Board. Mr. Lalonde is President and CEO of TD Insurance. He has also served on IBC's Board of Directors as Deputy Chair.
"This is an important time for Canadian insurers as the industry faces more challenges than ever before and, as the voice of Canada's property and casualty insurance industry, IBC is in a unique position to help advance much-needed public policy discussions," said Mr. Lalonde. "These challenges span from climate change and more severe weather events to auto insurance reforms, to new technologies and industry disruptors. Through IBC, we will continue to engage governments and stakeholders across Canada to turn challenges into opportunities and ultimately benefit Canadian consumers. I look forward to continuing this important work and representing the shared values of our industry with IBC and its Board."
Mr. Lalonde has over two and a half decades of experience in the financial services sector in both Canada and the United States and holds his Director's Certification (ICD.D) from the Institute of Corporate Directors. He has been serving in his current role at TD since September 2012 and was named to the bank's Senior Executive Team in January 2016. Prior to joining TD, Mr. Lalonde held executive roles at CUNA Mutual Group, CUMIS Group and CIBC where he led multiple business lines including its insurance business.
"Kenn brings a wealth of experience and knowledge to this role, backed by decades of work in the financial services sector," said Don Forgeron, President and CEO, IBC. "We look forward to working with him on several issues aimed at helping consumers and keeping Canada's insurance industry strong and robust. With Kenn's leadership, IBC will continue to advance its strategic priorities with communities, stakeholders and governments across the country."
About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada's private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.
P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 120,000 Canadians, pays $9 billion in taxes and has a total premium base of $49 billion.
For media releases and more information, visit IBC's Media Centre at www.ibc.ca. Follow IBC on Twitter @InsuranceBureau or like us on Facebook. If you have a question about home, auto or business insurance, contact IBC's Consumer Information Centre at 1-844-2ask-IBC.
If you require more information, spokespeople are available to discuss the details in this media release.
SOURCE Insurance Bureau of Canada
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