Great-West Lifeco announces succession plan for President and Chief Operating Officer, Canada

Press Release:

Great-West Lifeco Inc. today announced the succession plan for Dave Johnston, President and Chief Operating Officer, Canada, who has communicated his intention to retire in the third quarter of 2016 following a 38-year career with the Great-West Lifeco organization, including the last three years as President and Chief Operating Officer, Canada.

In conjunction with Dave Johnston’s upcoming retirement, the company announced that Stefan Kristjanson, currently Executive Vice-President, Strategy & Transformation, will be appointed to the role of President and Chief Operating Officer, Canada effective August 6, 2016.

“As President and Chief Operating Officer, Canada, Dave launched the strategy to invest in the capabilities required to ensure that our Canadian operations remain competitive, responsive and relevant in a dynamic and changing environment,” said Paul Mahon, President and Chief Executive Officer of Great-West Lifeco. “Dave championed significant change initiatives relating to innovation, digital services and employee engagement. These and his many other achievements position us well for continued success in the future.”

Stefan Kristjanson has been associated with the Great-West Lifeco organization for 26 years. He has held a wide variety of roles with increasing responsibility, including leadership of the group insurance business in Canada and the integration of the Irish Life business inIreland. Most recently Stefan has led the strategy and transformation of the business in Canada.

“Stefan’s deep understanding of our Canadian operations and his recent focus on strategy and transformation position him well to lead our growth in Canada,” said Paul Mahon, adding that Stefan will work closely with Dave to ensure a smooth transition.

About Great-West Lifeco
Great-West Lifeco Inc. (TSX:GWO) is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Great-West Lifeco has operations inCanada, the United States, Europe and Asia through Great-West Life, London Life, Canada Life, Irish Life, Great-West Financial and Putnam Investments. Great-West Lifeco and its companies have approximately Cdn $1.2 trillion* in consolidated assets under administration and are members of the Power Financial Corporation group of companies.

* Assets as of March 31, 2016

SOURCE Great-West Lifeco Inc.

For further information:

Marlene Klassen, APR
Assistant Vice-President, Communications
204-946-7705 |marlene.klassen@gwl.ca

J.D. Power ranks The Co-operators highest for auto insurance customer satisfaction

The Co-operators has been awarded the 2016 J.D. Power Canada awards for Canadian Auto Insurance Customer Satisfaction in all three regions where it competes – the Atlantic, Ontario and Alberta.

Cooperators-logo-blue-2X

The J.D. Power study measures customers’ satisfaction with their auto insurance providers in four regions by examining five critical study factors that constitute the relationship between customers and their insurance company: billing and payment, claims, non-claim interactions, policy offerings, and price.  The Co-operators received the highest score in the price, policy offerings, and billing and payment categories in each of the Atlantic, Ontario and Alberta regions.

“We believe our performance in this J.D. Power study clearly shows that we have a consistently high level of customer satisfaction across the country,” said Kathy Bardswick, president and CEO of The Co-operators. “We are pleased with the results and will use the information gathered in the surveys to improve upon our position as an industry leader in client engagement.”

Since the inaugural study in 2008, detailed results of the J.D. Power study has been used to identify strengths and areas in need of improvement. Results from previous years have helped The Co-operators focus on specific areas to improve customer service, and these efforts are producing positive results. The organization’s scores improved significantly this year in four of the five categories that are factors in the study.

For more information on the study, please visit www.jdpower.com/canada.

About The Co-operators:
The Co-operators Group Limited is a Canadian co-operative with more than $40 billion in assets under administration. Through its group of companies it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products.

The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is listed among the 50 Best Employers in Canada by Aon Hewitt; Corporate Knights’ Best 50 Corporate Citizens in Canada; and the Top 50 Socially Responsible Corporations in Canada by Sustainalytics and Maclean’s magazine. For more information visit www.cooperators.ca.

SOURCE The Co-operators

For further information: Leonard Sharman, The Co-operators, 519-767-3937

Desjardins donates $75,000 to the Red Cross to help those affected by wildfires in Fort McMurray

Desjardins Group, the leading cooperative financial group in Canada, is donating $75,000 to the Canadian Red Cross as it works to help families affected by the devastating wildfires burning in and around Fort McMurray, Alberta.

Desjardins

Tens of thousands have been displaced, as emergency responders continue to help with the evacuation and battle the flames. Safety is the utmost priority and helping those affected is an immediate concern. Desjardins Group is committed to contacting and provided assistance to its customers.

“The damages caused by the wildfires are devastating for the people of Fort McMurray,” said Guy Cormier, Chair of the Board, President and CEO of Desjardins Group. “It’s times like these when our customers need us most and it’s important that they know we are available to assist them immediately through this situation. It will affect them for some time to come and we need to be there to help and to bring a sense of normalcy back to their lives as soon as possible.”

A mobile team will be dispatched to the area to speed up claims processing for our customers. In addition, as of Monday May 9,Quebec caisse members will be able to make a donation to the Red Cross via AccesD, or by phone at 1-800-caisses.

Contacts for clients in Fort McMurray
If you are a Desjardins Group customer, please contact us as soon as it is safe to do so with questions about your insurance coverage or to report a claim:

  • State Farm – contact your local agent or call 1-877-STATEFARM (782-8332)
  • The Personal Insurance Company and Desjardins Insurance: 1-888-785-5502
  • Western Direct Insurance: 1-855-674-6338

Customers may also get in touch through Facebook and Twitter:
Facebook: www.facebook.com/Desjardinsgroup or www.facebook.com/statefarmcanada
Twitter: https://twitter.com/DesjardinsGroup or https://twitter.com/StateFarmCanada

As this event unfolds, Desjardins will be in contact and work actively with emergency officials and government bodies to coordinate the various relief measures and programs that will be implemented over the coming weeks.

About Desjardins Group
Desjardins Group is the leading cooperative financial group in Canada and the sixth largest cooperative financial group in the world, with assets of $248.1 billion. It has been rated one of the Best Employers in Canada by Aon Hewitt. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. Considered North America’s strongest bank according to Bloomberg News, Desjardins has one of the highest capital ratios and credit ratings in the industry.

 

SOURCE Desjardins Group

For further information: (media inquiries only): Valérie Lamarre, Public Relations, Desjardins Group, 514-281-7275 or 1-866-866-7000, ext. 5557275, valerie.lamarre@desjardins.com / media@desjardins.com; John Bordignon, Media Relations, State Farm Canada, 905-750-5567 / 416-801-6078, www.twitter.com/SF_JohnB, www.statefarm.ca

FIRST Insurance Funding of Canada Announces Partnership with CNA

FIRST Insurance Funding of Canada (FIRST Canada) and CNA today announced a new partnership in which FIRST Insurance Funding will provide innovative payment solutions for CNA’s Canadian customers.

FIRST Canada will provide CNA’s customers with its First Connect® service. This service will enable CNA’s broker community to provide an alternative, flexible payment solution to their clients when a policy is issued. CNA’s brokers can then provide their clients with payment options, including pay in full, easy monthly payments, and credit card payments, with pre-approved terms and competitive rates.

“We are excited to provide our customers with new, flexible payment options, which demonstrates CNA’s ability to create insurance solutions tailored specifically for our Canadian customers,” said Mr. John Hennessy, President & Chief Operating Officer, CNA Canada.

“We are honoured to partner with CNA. Providing flexible payment solutions with their policies demonstrates the expertise and great service CNA is known for,” said Mr. Stuart Bruce, Chief Executive Officer, FIRST Insurance Funding of Canada.

About FIRST Insurance Funding of Canada
FIRST Insurance Funding of Canada (FIRST Canada) provides the Canadian Insurance Market with comprehensive payment solutions. Brokers, MGAs, and Carriers can partner with FIRST Canada and expand their offering to provide more value, choice, and convenience for all their clients. The combined strength of FIRST Canada’s dedicated team, evolved offering, and innovative platform, positions their partners to meet the demanding future of the Canadian Insurance landscape armed with market-leading solutions for success. FIRST Canada is part of the Wintrust (Nasdaq: WTFC) family of companies, totaling in excess of $20 Billion in assets and a part of the largest Premium Finance Companies in North America. For more information please visit firstinsurancefunding.ca

About CNA
Serving businesses and professionals since 1897, CNA is the eighth largest commercial insurance writer and the 13th largest property and casualty company in the United States.  CNA’s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages.  CNA’s services include risk management, information services, underwriting, risk control and claims administration.  All products and services may not be available in all provinces and may be subject to change without notice. For more information, please visit CNA at www.cnacanada.ca. “CNA” is a service mark registered by CNA Financial Corporation with the United States Patent and Trademark Office and the Canadian Intellectual Property Office. Certain CNA Financial Corporation subsidiaries use the “CNA” service mark in connection with insurance underwriting and claims activities.

FIRST Insurance Funding of Canada Contacts:
Stuart Bruce
Chief Executive Officer
stuart.bruce@firstinsurancefunding.ca
416-216-1788

Crystal Macklin
Vice President of Marketing
crystal.macklin@firstinsurancefunding.ca
416-216-1742

CNA Contacts:
Brandon Davis
Media Relations Manager
Brandon.Davis@cna.com
312-822-5167

Tammye Daniels
Marketing Manager
Tammye.Daniels@cna.com
416-542-7336

SOURCE CNA

RBC Donates $50,000 to the Canadian Red Cross for Ecuador Earthquake Relief Efforts

Press Release:

RBC announced today a $50,000 donation to the Canadian Red Cross to support relief and humanitarian efforts for those affected by the earthquake in Ecuador. RBC has requested that its donation be directed where it is needed most for emergency relief which can include food, clean water, shelter and medical aid.

“The impact of this disaster is enormous and our hearts go out to the families and friends of the many people whose lives were lost as a result of this devastating earthquake in Ecuador,” said Valerie Chort, vice-president, corporate citizenship, RBC. “We have a long-standing tradition of helping communities that are in need, and on behalf of our clients and employees, we are proud to support the relief efforts of the Canadian Red Cross with a donation.”

Anyone who wants to contribute to the Canadian Red Cross can do so by visiting any RBC branch in Canada.

ABOUT RBC
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices inCanada, the U.S. and 37 other countries. For more information, please visit rbc.com.‎

RBC helps communities prosper, supporting a broad range of community initiatives through donations, community investments, sponsorships and employee volunteer activities. In 2015, we contributed more than $121 million to causes around the world.

SOURCE RBC

Great-West Lifeco announces CEO succession plan for subsidiary Irish Life

Great-West Lifeco Inc. today announced that Bill Kyle, Chief Executive Officer of subsidiary Irish Life Group Limited, will retire in mid 2016 following a 37-year career with the Great-West Lifeco organization, including the last three years as CEO of Irish Life.

In conjunction with Mr. Kyle’s upcoming retirement, the company announced that David Harney, currently Managing Director, Corporate Business will be appointed to the role of CEO of Irish Life effective June 30, 2016.

“Under Bill’s leadership over the past three years, Irish Life has successfully integrated the former Canada Life business in Ireland, strengthened its customer focus, repositioned the Irish Life brand, introduced innovative products in the Irish market and grown market share,” said Paul Mahon, President and Chief Executive Officer of Great-West Lifeco.

Mr. Harney, who has been associated with Irish Life for 30 years, holds a Master of Science in Financial Maths degree from Dublin City University, and is a Fellow of the Institute of Actuaries and a Fellow of the Society of Actuaries of Ireland. Mr. Harney has held a wide variety of roles with increasing responsibility in the sales, marketing, actuarial, and finance businesses at Irish Life. He was appointed to his current role in 2009.

About Irish Life
Established in 1939, Irish Life is Ireland’s leading life, investment and pension company and has been part of the Great-West Lifeco group of companies since July 2013.

About Great-West Lifeco
Great-West Lifeco Inc. (TSX:GWO) is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Great-West Lifeco has operations inCanada, the United States, Europe and Asia through Great-West Life, London Life, Canada Life, Irish Life, Great-West Financial and Putnam Investments. Great-West Lifeco and its companies have over Cdn $1.2 trillion* in consolidated assets under administration and are members of the Power Financial Corporation group of companies.

* Assets as of December 31, 2015

SOURCE Great-West Lifeco Inc.

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