Winnipeg, Manitoba, November 8, 2016 . . . Great-West Life announced today that senior executive Monique Maynard, FSA, FCIA, has been appointed President, Quebec Affairs for the company and its subsidiaries, London Life and Canada Life. The appointment is effective immediately.
Reporting to the President and Chief Operating Officer, Canada, Monique Maynard will be responsible for all interactions with and represent the interests of the companies at CLHIA-Quebec (ACCAP). In this newly-created role, Ms. Maynard will also act as an industry advocate with Quebec policy makers and regulators in matters of importance to the insurance and financial industry.
“As President, Quebec Affairs, Monique will provide strategic direction on all issues and initiatives that affect our customers in Quebec,” said Stefan Kristjanson, President and Chief Operating Officer, Canada. “Monique will also represent our companies in the community, the industry and with the government.”
Together, Great-West Life, London Life and Canada Life, are a major employer in Quebec with approximately 1,000 employees, providing more than $240 million in employee benefits and compensation, and advisor commissions. In 2015, our companies paid nearly $650 million in health, disability and critical insurance claims, $189 million in death claims and $182.9 million in participating life insurance dividends in Quebec.
In addition to the Quebec Affairs President’s role, Monique will also move into the role of Chief Actuary for our companies in Canada, when the current Chief Actuary Canada retires in mid 2017.
Monique’s career with Great-West Life spans three decades. During her career with Great-West, Monique has held senior roles in product and business development, pricing, claims, underwriting, new business administration and client service for the individual lines of business for Great-West Life, London Life and Canada Life. Monique is a Fellow of the Society of Actuaries, and a Fellow of the Canadian Institute of Actuaries.
About Great-West Life, London Life, and Canada Life
Together, Great-West Life, London Life and Canada Life offer a broad portfolio of financial and benefit plan solutions, and serve the financial security needs of more than 12 million people across Canada. The companies are members of the Power Financial Corporation group of companies.
For media inquiries, please contact:
Diane Grégoire, Manager, Quebec Communications
(514) 350-5435, ext. 2332