ProtectionNov 2 2015

Changes at top of Canada Life for market re-entry

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Changes at top of Canada Life for market re-entry

Canada Life has made several senior management team changes affecting both the individual and group protection leadership.

After almost three years as group insurance sales director, Jon Ford has been appointed director of individual protection, following the launch of the firm’s new individual offering in August.

He will lead the transition of the servicing and development of Canada Life’s individual protection portfolio, reporting directly to UK chief executive Doug Brown.

This means that Dan Crook - formerly head of sales for the income protection proposition - has been appointed as sales director for the group insurance suite of products.

Rob DeMott, interim managing director of Canada Life, is returning to Canada and has been replaced by Tim Stoves, who formerly held the position of scheme underwriting manager.

Matt Pincott replaces Mr Stoves as scheme underwriting manager, bringing experience from his work in the group insurance scheme underwriting unit.

Mr Ford commented that the protection market is constantly being challenged to grow, adding that the firm was delighted to re-enter the individual protection market.

He said: “Canada Life’s aim is to achieve the same position for the individual protection market as we have for the group insurance market.”

Mr Stoves added despite the headwind of a challenging market, “with a strong, experienced management team in place, we are confident in our ability to tackle the challenges and opportunities that lie ahead, in no small part due to the wealth of talent in our workforce”.