Eminetracanada reports that Peter Thompson has been appointed the new Chair of CAFII’s Board.
CAFII News
Thompson succeeds Lobbezoo as CAFII Chair
Jean Dondo of Wealth Professional Canada reports on the election of Peter D. Thompson as Chair of the CAFII Board.
CAFII names new board chair
In the Insurance Business Magazine, reporter Lyle Adriano covers Peter Thompson’s election as the new CAFII Board Chair.
Peter D. Thompson of National Bank Insurance elected Chair of CAFII’s Board of Directors
Mr. Thompson succeeds Chris Lobbezoo, Vice-President of Creditor Insurance at RBC Insurance, who remains on the CAFII Board as the director from his member organization.
Toronto – The Canadian Association of Financial Institutions in Insurance (CAFII) is pleased to announce that Peter D. Thompson has been elected Chair of its Board of Directors. Mr. Thompson succeeds Chris Lobbezoo, who has completed a two-year term as Chair.
Mr. Thompson, President and CEO of National Bank Insurance, has been a director of CAFII since 2019, and its Vice-Chair since 2020. National Bank Insurance is a trademark of National Bank of Canada, which is a leading bank in Quebec and the sixth largest commercial bank in Canada.
“On behalf of CAFII’s Board, I want to thank Chris Lobbezoo for guiding our Association through the unprecedented challenges presented by the COVID-19 pandemic over the last two years,” said Mr. Thompson. “Under Chris’ leadership, CAFII was able to successfully pivot its member meetings and services, as well as its relationship-building and communications with insurance regulators and policy-makers to online channels. In addition, the Association was able to adroitly turn its research focus to the impact of the pandemic on how Canadians want to conduct insurance transactions in future.”
Mr. Lobbezoo, who is Vice-President of Creditor Insurance at RBC Insurance, remains on the CAFII Board as the director from his member organization.
“I want to thank my fellow directors, the member volunteers who serve on CAFII committees, and the Association’s leadership team for their support during my term as Chair,” said Mr. Lobbezoo. “Going forward, CAFII is in very experienced, capable hands with Peter D. Thompson as Chair and I wish him the best of luck in guiding the Board in setting our Association’s strategic direction and achieving much continued success.”
About CAFII: The Canadian Association of Financial Institutions in Insurance is a not-for-profit industry Association dedicated to the development of an open and flexible insurance marketplace. CAFII believes that consumers are best served when they have meaningful choice in the purchase of insurance products and services. CAFII’s 15 members include the insurance arms of Canada’s major financial institutions – BMO Insurance; CIBC Insurance; Desjardins Insurance; National Bank Insurance; RBC Insurance; ScotiaLife Financial; and TD Life Insurance Company; along with major industry players Assurant Canada; The Canada Life Assurance Company; Canadian Premier Life Insurance Company; Canadian Tire Bank; CUMIS Services Incorporated; Manulife (The Manufacturers Life Insurance Company); Sun Life; and Valeyo.
CAFII welcomes Canadian Tire Bank as a new member
The Canadian Association of Financial Institutions in Insurance (CAFII) is pleased to announce that Canadian Tire Bank (CTB) has joined the Association as a new member. In that connection, Adam Vespi, Associate Vice-President, Insurance & Services at CTB, has been appointed to CAFII’s Board of Directors.
Canadian Tire Bank is a federally chartered bank operating as a subsidiary of Canadian Tire Financial Services Limited (CTFSL), the financial services arm of Canadian Tire Corporation. CTB employs over 1,600 people with offices in Welland, St. Catharines and Oakville, Ontario. The company was established in 2003 and is a member of the Canada Deposit Insurance Corporation (CDIC).
“We are pleased to welcome Canadian Tire Bank to CAFII,” said Chris Lobbezoo, Chair of the CAFII Board and Vice-President of Creditor Insurance at RBC Insurance. “We look forward to working with Adam Vespi and his colleagues at CTB in ensuring that Canadians continue to have access to an open and flexible insurance marketplace, including optional credit protection insurance and travel insurance, and high levels of customer satisfaction.”
“At Canadian Tire Bank, we know that our future will be defined by how well our customers connect with our innovative financial solutions for their jobs and the joys of life in Canada,” said Mr. Vespi. “Our customers’ needs are what drive us to develop innovative financial services and products as well as related insurance coverage, and we look forward to working with our peers at CAFII to help ensure Canadians continue to have access to insurance coverage that is simple, affordable and accessible.”
CAFII is a not-for-profit industry association dedicated to the development of an open and flexible insurance marketplace. It was established in 1997 to create a voice for financial institutions involved in selling insurance through a variety of distribution channels. Its members provide insurance through client contact centres, agents and brokers, travel agents, direct mail, branches of financial institutions, and the internet.
CAFII believes consumers are best served when they have a meaningful choice in the purchase of insurance products and services. Its members offer credit protection insurance, travel, life, health, and property and casualty insurance across Canada.
CAFII works with government and regulators (primarily provincial/territorial) to develop a legislative and regulatory framework for the insurance sector that helps ensure Canadian consumers get the insurance products that suit their needs. The Association’s aim is to ensure that appropriate standards are in place for the distribution and marketing of all insurance products and services.
In addition to Canadian Tire Bank, CAFII’s 15 members include the insurance arms of Canada’s major financial institutions – BMO Insurance; CIBC Insurance; Desjardins Insurance; National Bank Insurance; RBC Insurance; ScotiaLife Financial; and TD Life Insurance Company; along with major industry players Assurant Canada; The Canada Life Assurance Company; Canadian Premier Life Insurance Company; CUMIS Services Incorporated; Manulife (The Manufacturers Life Insurance Company); Sun Life; and Valeyo.
Photo: Adam Vespi, Associate Vice-President, Insurance & Services at CTB
Keith Martin talks about CAFII study on Blockchain Radio
Co-Executive Director Keith Martin appears on the Business of Blockchain internet radio show to talk about the CAFII-commissioned study on the impact of COVID-19 on how Canadians want to conduct banking and insurance transactions.
Click on the audio file link to hear the interview.
