The Insurance Bureau of Canada (IBC) has announced a new chair of its board of directors.
On Tuesday (June 27) IBC issued a statement revealing Kenn Lalonde has been elected to serve as chair of the board. Lalonde is the president and CEO of TD Insurance and has 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," Lalonde said in a statement.
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"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."
Lalonde has more than 25 years of experience in the financial services sectors in Canada and the US. He is a recipient of a Director’s Certification (ICD.D) from the Institute of Corporate Directors. Before joining TD, Lalonde held various executive roles at CUNA Mutual Group, CUMIS Group and CIBC.
IBC president and CEO Don Forgeron said: "Kenn brings a wealth of experience and knowledge to this role, backed by decades of work in the financial services sector. 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."
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