To better navigate the Canadian regulatory landscape and assess emerging insurance legislation trends, P&C brokerage NFP has appointed Pamela Derksen (pictured) as deputy chief compliance officer in Canada.
As deputy chief compliance officer, Derksen will develop corporate policies and procedures and represent NFP to Canadian regulators. She will report to NFP senior vice president, chief compliance officer and associate general counsel Suzanne Spradley.
“I’m excited to welcome Pam to NFP and our growing team in Canada,” commented Spradley. “Pam has a proven ability to interpret the impact of complex regulations and assess emerging legislation and trends across the insurance landscape. She will be a tremendous asset to our clients who will benefit from knowing that we continue to run our business in a compliant and ethical manner.”
Derksen most recently served as vice president, brokering and insurance relationships, personal and commercial at Cowan Insurance Group. Before that, she was the vice president of operations, broker policy and administration systems for Economical Insurance. She has 25 years of insurance industry experience.
Apart from her bachelor’s degree in economics and political science from the University of Calgary and a Certificate in Executive Leadership from McMaster University, Derksen also has the Chartered Insurance Professional and the Fellow Chartered Insurance Professional designations from the Insurance Institute of Southern Alberta. Derksen is also currently a board member of the Oxford-Elgin Child and Youth Centre.
“I’m thrilled to join NFP in Canada and be part of an organization where I feel I can make a meaningful contribution by helping clients stay informed about pending legislation,” stated Derksen. “As a growing international brokerage, NFP has assembled a great team of professionals and is well positioned for continued success in the Canadian market.”
The news of Derksen’s appointment comes as NFP announced its plans to open a new corporate office in downtown Toronto. According to the brokerage, it chose to open a new office to maintain its “positive momentum” in Canada – it has seen its revenue climb by 110% over the last three years.