The Insurance Bureau of Canada (IBC) has announced that its board of directors has elected SIlvy Wright to serve as chair.
Wright has served as president and CEO of commercial insurance company Northbridge Financial since 2011. Prior to that role, she was associated with Markel Insurance, where she held a number of executive positions, culminating in her appointment as president and CEO of the company in 2006. Wright had also held other senior positions in the insurance and financial services industries.
“The insurance industry is changing at an unprecedented pace and facing new challenges. As the voice of Canada’s property and casualty insurance industry, IBC is uniquely positioned to help address shared concerns and forge solutions to pressing issues,” Wright said in a statement.
Some of the concerns Wright mentioned that the industry has to tackle together include the effects of severe weather events, auto insurance reforms across Canada, new insurance technologies, and industry disruptors.
“Through IBC, property and casualty insurers will continue engaging governments and stakeholders across Canada to drive changes that will benefit Canadian businesses and consumers,” she stated. “I look forward to continuing this important work and representing the shared values of our industry.”
“In her new role as chair, Ms. Wright brings a wealth of experience and knowledge to IBC, and her work in commercial insurance brings a unique perspective to the role,” commented IBC president and CEO Don Forgeron, adding that under her leadership, IBC will “continue to advance its strategic priorities with communities, stakeholders and governments across the country.”
