(June 8 – 17:25 ET) – Claude A. Garcia, president, Canadian operations, The Standard Life Assurance Company, was elected chairman of the Canadian Life and Health Insurance Association Inc. at the CLHIA annual meeting held today in Toronto.
Garcia noted that “the industry will be working constructively with government and Parliament with a view to ensuring timely passage of the new federal financial services legislation.” He went on to emphasize that it is very important for the industry and its policyholders, as well as for the Canadian financial services industry at large, that the new “rules of the road” for financial services in Canada be put in place without undue delay.
Garcia will be supported by Chairman Elect Vincent P. Tonna, President and COO, The National Life Assurance Company of Canada.
New members elected to the CLHIA board of directors are:
- Ronald D. Beaubien, president and CEO, The Equitable Life Insurance Company of Canada
- James A. Brierley, president, Munich Reinsurance Company
- Richard A. Hine, president and CEO, Reliable Life Insurance Company
- Kenneth E. McCrea, vice president and COO, The Wawanesa Life Insurance Company
- Clive S. Smith, president and CEO, Royal & Sun Alliance Life Insurance Company of Canada
- Dominic D’Alessandro, president and COO, Manulife Financial
- Christopher H. McElvaine, president and CEO, The Empire Life Insurance Company
Continuing for a further term as directors are:
- Kenneth A. Berglund, senior vice president and COO, Co-operators Life Insurance Company
- Frank J. Crowley, president and COO, Commercial Union Life Assurance Company of Canada
- George A. Foegele, president and CEO, Transamerica Life Insurance Company of Canada
- Raymond Garneau, chairman of the board, Industrial-Alliance Life Insurance Company
- Mario Georgiev, president, Optimum Reassurance Inc.
- Michael J. White, president and CEO, The Independent Order of Foresters.
-IE Staff