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.

TD donates $50,000 to the Red Cross for disaster relief in Ecuador

Press Release:

TD Bank Group will donate $50,000 to the Red Cross in support of critical disaster relief efforts for communities affected by the earthquake in Ecuador.

“We are deeply saddened by the devastation caused by the earthquake in Ecuador,” says Scott Mullin, Vice President, Community Relations, TD Bank Group. “On behalf of our employees and customers, our thoughts are with the victims’ families and we hope that through the emergency assistance of the Red Cross, this donation will provide some immediate support.”

About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (“TD” or the “Bank”). TD is the sixth largest bank in North America by branches and serves more than 24 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America’s Most Convenient Bank ®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in TD Ameritrade; and Wholesale Banking, including TD Securities. TD also ranks among the world’s leading online financial services firms, with approximately 10.4 million active online and mobile customers. TD had CDN$1.2 trillion in assets on January 31, 2016. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York Stock Exchanges.

SOURCE TD Community, Environment and Music

For further information: Natasha Ferrari, TD Bank Group, Natasha.Ferrari@td.com, 416-983-7180

Manulife Asset Management Names Roger Renaud as Global Chief Operating Officer

Manulife Asset Management has appointed Roger Renaud as Global Chief Operating Officer, succeeding Barry Evans who will retire from Manulife Asset Management at the end of May. Mr. Renaud’s appointment is effective onMay 27, 2016.

Mr. Renaud will continue reporting to Kai Sotorp, President and CEO, Manulife Asset Management & EVP and Global Head of Wealth and Asset Management for Manulife. He will retain his responsibilities as President of Manulife Asset Management Canada and continue as a member of Manulife Asset Management’s executive committee.

“Roger brings a wealth of experience and deep knowledge of global asset management best practices to this role,” said Kai Sotorp.

“As we continue to expand our asset management franchise, his expertise will ensure we are well positioned for success,” he noted. “Roger has successfully led the development and implementation of our asset management strategy and business in Canada, growing and expanding this important market while ensuring a seamless integration process, post-acquisition.”

“We are delighted that Roger has accepted this position, and proud that he will operate in this expanded and global role from our base in Quebec,” said Donald A. Guloien, President and Chief Executive Officer, Manulife. “Roger has a proven track record of strong leadership and driving growth, and his success highlights the senior-level talent and expertise Manulife gained as part of the Standard Life acquisition. I look forward to seeing Roger’s continued contributions to our business across all of Canada and around the world.”

In January of 2015, Mr. Renaud was named President of Manulife Asset Management Canada, following the close of Manulife’s acquisition of the Canadian-based assets of Standard Life plc. He had been President of Standard Life Investments Inc. in Canada prior to the acquisition.

About Manulife Asset Management

Manulife Asset Management is the global asset management arm of Manulife, providing comprehensive asset management solutions for investors. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. As at December 31, 2015, assets under management for Manulife Asset Management were approximately US$301 billion(GBP£204 billion, EUR€277 billion, C$417 billion).

Manulife Asset Management’s public markets units have investment expertise across a broad range of asset classes including public equity and fixed income, and asset allocation strategies.  Offices with full investment capabilities are located in the United States,Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, Manulife Asset Management has a joint venture asset management business in China, Manulife TEDA. The public markets units of Manulife Asset Management also provide investment management services to affiliates’ retail clients through product offerings of Manulife and John Hancock. John Hancock Asset Management and Declaration Management and Research are units of Manulife Asset Management.

Additional information about Manulife Asset Management may be found at ManulifeAM.com.

About Manulife

Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions. We operate as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. At the end of 2015, we had approximately 34,000 employees, 63,000 agents, and thousands of distribution partners, serving 20 million customers. At the end ofDecember 2015, we had $935 billion (US$676 billion) in assets under management and administration, and in the previous 12 months we made more than $24.6 billion in benefits, interest and other payments to our customers. Our principal operations are in Asia,Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong. Follow Manulife on Twitter @ManulifeNews or visit www.manulife.com or www.johnhancock.com.

SOURCE Manulife Financial Corporation

EasyCover Brings Innovative Insurance to Canadian Professionals

Canada’s first customer facing, online liability insurance facility passed its first Anniversary with sales growing an average of 53% per quarter!

“The market response to EasyCover.ca has been extremely positive”, says Bruce Rabik, COO of Rogers Insurance Ltd. “Purchasing insurance online is the norm in the UK where this program was born, and Canadians are telling us loud and clear they are ready for this innovative change in their insurance buying experience.”

Mr. Rabik explains, “Our customers are busy running their business. They don’t have time to spend hours in a broker’s office, fill out long applications, and wait weeks for quotes and documents. EasyCover has brought an efficiency to that process, while still being able to assist the customers understanding of the product they are purchasing. We hear time and time again how much they love it, and how ‘it’s about time’ the insurance industry took this step.”

Lisa Thomson, Manager of EasyCover, elaborates, “Business professionals understand the right insurance protection is critical, but their struggle is finding the time to deal with it, and continue to run their business. We see customers online at all hours of the day and night, buying their EasyCover policies. That’s the beauty of the online insurance experience we have created – customers have the product info they need, in terms they can understand, and can purchase and manage their policies when and how it suits them. Not when it suits us.”

EasyCover is a trade name of Rogers Insurance Ltd., and offers eligible businesses the ability to purchase Professional Liability, Commercial General Liability and Directors and Officers Liability insurance, online, in minutes. See www.easycover.ca for more information or contact Bruce Rabik, COO of Rogers Insurance Ltd.

Rogers Insurance Ltd is based in Calgary, AB and is one of the largest independent brokerages in Canada. With 6 offices across the country, and almost 400 employees, they have licensed brokers in all jurisdictions in Canada. Selling Commercial insurance, Home and Auto insurance, Life and Benefits, and Group insurance, Rogers is employee-owned, is a nine-time winner of Best Employer in Alberta, and two-time winner of one of the Top 50 SME Employers in Canada (Small and medium enterprise).

SOURCE Rogers Insurance Ltd.

 

Aon Risk Solutions celebrates Business Insurance’s 2016 Risk Manager of the Year

aon_logo

CHICAGO – Gus Fuldner, head of risk management and insurance at Uber, was honored today as Business Insurance’s 2016 Risk Manager of the Year. The awards ceremony took place during the RIMS conference in San Diego. Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON) congratulates its client on this esteemed recognition.

“In a little under two years, Gus has built a robust insurance function from the ground up, keeping up with Uber’s fast paced insurance needs,” said Randy Nornes, executive vice president with Aon Risk Solutions. “What’s more, he was the driving force that brought insurers, regulators and transportation network companies together in the U.S. to set a uniform standard for ridesharing automobile liability insurance, a shift that has transformed the insurance industry.”

Fuldner approaches insurance with a fresh perspective. Under his direction, Uber’s liability insurance program involves hundreds of coordinated policies and are amongst the most complex programs for a large multinational company. Beyond his work at Uber, Fuldner was instrumental in spearheading a U.S. ridesharing insurance compromise, which has been legislatively adopted by a majority of states and is supported by the personal auto insurance marketplace. In addition, he has been a particularly strong advocate of changing the model for measuring auto liability exposure from a unit basis to a usage basis, bringing multiple leading global carriers along a journey to re-evaluate how they price auto risk.

Business Insurance’s Risk Manager of the Year Award was created to increase the recognition of outstanding performance in the practice of risk management. Read more about Fuldner in Business Insurance: LINK

About Aon

Aon plc (NYSE:AON) is a leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 72,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world’s best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon’s global and principle partnership with Manchester United.

#   #   #

Media Contact:
Allyson Marcus
+1.312.755.3592
Allyson.marcus@kemperlesnik.com

Passing of Former Manulife Chairman and CEO Syd Jackson

It is with great sadness that Manulife announces the passing of former Chairman and Chief Executive Officer, Edwin Sydney Jackson.  Mr. Jackson became President in 1972, a position he held until 1985. and he was CEO from 1985 to 1987.  In addition to the presidency, Mr. Jackson also served as acting Chairman of the Board from 1978 to 1985, Chairman of the Board from 1985 to 1990 and Vice Chairman from 1990 until his retirement in 1994.  Mr. Jackson was a Lieutenant in the Canadian Army from 1943-1945, and graduated with a Bachelor of Commerce from the University of Manitoba in 1947.  He began his career at Manulife in the Actuarial Department in 1948.

Manulife

Among Mr. Jackson’s initiatives was a large-scale reorganization of the Company including a decentralization of Company operations and the implementation of progressive human resource policies and practices to create a dynamic work atmosphere.  He oversaw the acquisition of the Dominion Life Assurance Company in 1984 and the subsequent integration of Dominion Life staff and operations which resulted in the transfer of the Company’s Canadian Operations from Toronto to Waterloo.

“Syd left an amazing legacy, and lived a very full and long life, but his smile, sense of humour, wise advice and perfect moral compass will be sadly missed,” said Donald A. Guloien, President and Chief Executive Officer, Manulife.  “More than anything, Syd should be remembered for his personal integrity, and for driving the Company to do ‘the right thing,’ in all instances. The culture of trustworthiness emanated from everything Syd did, and happily carries through to this day, in every aspect of our Company.”

Mr. Jackson saw the long-term opportunities in Asia, and was the first President of Manulife to visit its Asian operations.  Today, one third of Manulife’s revenue is now from Asia.  Mr. Jackson also played a key role in broadening Manulife from an insurance company into Wealth Management.

In 1975, Mr. Jackson signed the United Nations “We Believe” declaration to promote women’s rights during International Women’s Year.  He also enlisted the first woman to join Manulife’s board of directors, Dr. Gail Cook-Bennett, who eventually became Chair of Manulife and the first woman to have that role at any significant financial services company in the world.

Mr. Jackson served as a Director of the Canadian Cancer Society (Ontario Division) and was a long-time director of the Canadian Institute for Advanced Research.  His work for the Arthritis  Society of Canada was recognized when he received the Queen’s Jubilee Medal in 2013.  He was also a member of the Social Sciences and Humanities Research Council.  Mr. Jackson was a Fellow of the Society of Actuaries, and Fellow of the Canadian Institute of Actuaries.

About Manulife
Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions.  We operate as John Hancock in the United States, and Manulife elsewhere.  We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions.  At the end of 2015, we had approximately 34,000 employees, 63,000 agents, and thousands of distribution partners, serving 20 million customers.  At the end ofDecember 2015, we had $935 billion (US$676 billion) in assets under management and administration, and in the previous 12 months we made more than $24.6 billion in benefits, interest and other payments to our customers.  Our principal operations are in Asia,Canada and the United States where we have served customers for more than 100 years.  With our global headquarters in Toronto, Canada, we trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong.  Follow Manulife on Twitter @ManulifeNews or visit www.manulife.com or www.johnhancock.com.

SOURCE Manulife Financial Corporation

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from ILSTV

You have Successfully Subscribed!

Pin It on Pinterest