Toronto-based Canada Life Assurance Co. (Canada Life) has joined the Canadian Association of Financial Institutions in Insurance (CAFII) and David Fear, senior vice president of creditor insurance at Canada Life has been appointed to the CAFII’s board of directors, the association announced on Monday.
“We are pleased to welcome Canada Life as a CAFII member,” says Peter McCarthy, chair of the CAFII board, in a statement. “We are pleased Mr. Fear is joining our board and look forward to the contributions he and his colleagues at Canada Life will make in helping our association fulfill its mission.”
CAFII is a not-for-profit industry association that works to develop an open and flexible insurance marketplace. It was established in 1997 to advocate for financial institutions involved in selling insurance through a variety of distribution channels. CAFII also works with government and regulators — primarily provincial and territorial — to develop a legislative and regulatory framework for the insurance sector.
In addition to Canada Life, CAFII’s members include BMO Insurance, CIBC Insurance, Desjardins Financial Security, RBC Insurance, ScotiaLife Financial, TD Insurance and, most recently, Toronto-based Manufacturers Life Insurance Co.