Canadian Life and Health Insurance Association elects 2006-2007 Chairman and Board of Directors

MONTREAL, June 5, 2006 – At the Annual Business Meeting of the Canadian Life and Health Insurance Association, Inc. held in Montreal today, Yvon Charest, President and Chief Executive Officer, Industrial Alliance Insurance and Financial Services Inc., was elected Chairman of the Association for the year ahead.

“I am pleased and honoured to have the opportunity to work with my industry colleagues and to continue this Association’s 112-year history of consensus-building and constructive dialogue with regulators and policy-makers.”

During his term in office, Mr. Charest will be working with a Board of Directors including: newly elected Chairman Elect, Peter C. McCarthy, President and Chief Executive Officer, AIG Life Insurance Company of Canada; two past Chairmen, James A. Brierley, President, Munich Reinsurance Company, Canada Branch (Life) and Donald A. Stewart, Chief Executive Officer, Sun Life Financial Inc.; and the following Directors:

  • Richard Bell, Chief Executive Officer, SSQ, Life Insurance Company Inc.;

  • Dominic D’Alessandro, President and Chief Executive Officer, Manulife Financial;

  • Denis Devos, President and Chief Operating Officer, Canada, The Great-West Life Assurance Company/London Life Insurance Company/The Canada Life Assurance Company;

  • Mario Georgiev, President, Optimum Reassurance Inc.;

  • Dieter Kays, President and Chief Executive Officer, FaithLife Financial;

  • Denis Losier, President and Chief Executive Officer, Assumption Mutual Life Insurance Company;

  • Neil Skelding, President and Chief Executive Officer, RBC Insurance; and

  • Oscar Zimmerman, President and Chief Executive Officer, Scotia Life Insurance Company.

Established in 1894, the CLHIA represents companies that together account for 99 per cent of Canada’s life and health insurance business.