Chris Floyd appointed new President of IBAC

OTIP’s Chris Floyd named president of national brokers association

Waterloo, ON (Oct. 18, 2018) – The Ontario Teachers Insurance Plan (OTIP) is pleased to announce that Chris Floyd, President of Individual Insurance Services for the OTIP Group of Companies, has been appointed President of the Insurance Brokers Association of Canada (IBAC) for 2018-19.

Chris began his career in insurance as a claims adjustor at Gore Mutual Insurance in 1986. He joined OTIP in 1994 as a Service Manager, and advanced to the role of Vice-President shortly after. Chris has been serving as the President of Individual Insurance Services since 2004, overseeing operations for both the OTIP/RAEO Insurance Brokers Inc. and TW Insurance Brokers Inc. companies.

“We are honoured to have Chris take on this very important role as president of IBAC,” says Vic Medland, OTIP CEO. “Chris is a natural leader and is well respected across the industry. His hands-on and innovative approach will be an asset to brokers across the country.”

Chris is a Chartered Insurance Professional (CIP) and a graduate of the Institute of Corporate Directors Program from the University of Toronto’s Rotman School of Management. In addition to his work with IBAC, Chris also served as President of the Insurance Brokers Association of Ontario from 2013 to 2014.

“There is an urgent need for IBAC to lead our fellow brokers in the areas of technology, advocacy and education,” says Chris. “I am excited for the year ahead, and I am grateful for the opportunity to work with the entire 2018-19 IBAC executive and board to help move our industry forward.”

About the Ontario Teachers Insurance Plan (OTIP)

Since 1977, OTIP has been dedicated to the Ontario Education community. Today, we offer a full range of group and individual insurance products. We work with the best insurance companies to shape and innovate new products and services focused on teachers and other educators. As a non-profit organization, the proceeds we generate are used to fund valuable member support programs. More at

About the Insurance Brokers Association of Canada (IBAC)

Founded in 1921, the Insurance Brokers Association of Canada is a federation of 11 provincial and regional associations of property and casualty insurance brokers across Canada. These associations represent approximately 36,000 insurance brokers in virtually every community across the country. As a not for profit organization, IBAC is neither an insurance company nor does it sell insurance products or represent insurance companies.

SOURCE: Ontario Teachers Insurance Plan (OTIP)

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