David Wong (pictured) is set to leave his position as CEO of the Insurance Corporation of British Columbia (ICBC). The ICBC board has appointed Jason McDaniel as interim president and CEO, effective June 1, 2025.
Wong has led ICBC for the past two years, guiding the company through significant challenges and a period of transformation. His leadership was instrumental in overseeing the shift to a no-fault auto insurance system in British Columbia, implementing the Enhanced Care model, and addressing ongoing financial challenges within the organization.
Under his stewardship, ICBC focused on improving its financial standing, updating customer service, and navigating regulatory pressures. Wong’s last day at ICBC will be May 30, 2025.
He will take on the role of CEO at Powerex Corp, a subsidiary of BC Hydro. Powerex manages BC Hydro's electricity trading and risk management activities. It is responsible for energy trading, financial hedging, and facilitating the physical delivery of electricity, operating within both the Canadian and US electricity markets.
The ICBC board has expressed gratitude for Wong’s leadership, acknowledging his role in steering the company through a critical period. His tenure saw substantial changes in the way the company approached its operations and customer offerings, and his departure marks the end of a significant chapter for the organization.
McDaniel, who has been with ICBC since 2006, currently serves as the vice president of operations. He has held various leadership roles within the company, including chief legal officer and corporate secretary.
McDaniel was pivotal in shifting BC's auto insurance system from a legal-based model to the Enhanced Care program. His long history with ICBC positions him well to lead the company through this transitional phase.
