The Property and Casualty Insurance Compensation Corporation (PACICC) announced today that Alister Campbell (pictured) has been appointed as president and chief executive officer. He will take up the role on February 04, 2019, when the organization’s long-time leader Paul Kovacs retires.

Campbell has three decades of experience in the Canadian insurance industry. He’s a familiar face having held CEO-level positions with several major insurers in the past 10 years.

Commenting on his appointment, Campbell said: “I always hoped I would be able to complete my career with some form of public service. The opportunity to lead PACICC gives me the chance to play a central role in the engagement between our industry and our regulators, to ensure we continue to protect consumers in a continuously changing marketplace. I’m excited to take up that challenge!”

Following his retirement, Kovacs will continue to serve as executive director of the Institute for Catastrophic Loss Reduction (ICLR).

Lawrie Savage, chair of the PACICC board of directors, commented: “Paul has served PACICC with distinction for 15 years and finding the right successor was certainly a challenge. Our board is thrilled Alister has chosen to assume leadership at this important time for PACICC and our industry.”

PACICC is an industry-funded, non-profit resolution authority for Canada’s property and casualty (P&C) insurance industry. It aims to protect eligible policyholders from undue financial loss in the event of insurer insolvencies.