Don Forgeron has announced his retirement from the Insurance Bureau of Canada (IBC) after 28-years of service with the property and casualty (P&C) insurance trade association.
The IBC announced today (June 23) that Forgeron will retire as president and CEO and as a member of the IBC board of directors. He will continue to lead the association until the selection and onboarding of a new CEO is completed later this year.
"It has been an honour to serve as IBC's president and CEO," said Forgeron. "IBC has grown to become a credible and trustworthy voice for governments, regulators and consumers who rely on insurers to provide protection to Canadians when they need it most.”
Forgeron has spent more than 30 years in the P&C insurance industry. He has been president and CEO of the IBC since 2009, during which time he has worked with Canadian governments and key stakeholders to build a strong, stable P&C insurance industry and a stronger, safer Canada.
"I'm proud of what IBC and the industry have accomplished during my tenure,” he added. "We've made progress on fixing broken auto insurance systems to work better for drivers. We've built on the momentum for a national flood insurance program to protect homeowners from the impacts of our changing climate. And IBC and its members have continued to show that a strong, competitive insurance industry is a force for good in the lives of Canadians."
Forgeron has a strong foundation in the public and private sectors, having worked for Alberta's Department of Environment and the National Research Council in Nova Scotia early in his career. With the IBC, he has led a national conversation with governments and Canadians on the need to adapt to climate change and better prepare Canada for an earthquake. He is also a founding member and the current president of the Global Federation of Insurance Associations.
"Under Don's leadership, IBC has become an invaluable voice for important issues affecting the P&C insurance industry,” said Heather Masterson, president and CEO of Travelers Canada and chair of IBC's Board of Directors. “Over the years, Don has been integral to the expert counsel, consumer education programs and strategic initiatives that IBC offers our industry – the importance of which has never been more evident than during the unprecedented events of the past couple of years.
“We wish Don and his family all the best for his retirement and look forward to continue working with IBC on issues that make a true impact on the industry and consumers."
The search for Forgeron's successor will begin in July.