New President and Chief Executive Officer for Empire Life
May 13 2014 - 11:07AM
Marketwired
New President and Chief Executive Officer for Empire Life
TORONTO, ONTARIO--(Marketwired - May 13, 2014) - Duncan Jackman,
Chairman, Chief Executive Officer and President of E-L Financial
Corporation Limited ("E-L") (TSX:ELF) (TSX:ELF.PR.F) (TSX:ELF.PR.G)
(TSX:ELF.PR.H) and Chairman of the Board of Directors of The Empire
Life Insurance Company (Empire Life) is pleased to announce the
appointment of Mark Sylvia as President and Chief Executive Officer
of Empire Life effective June 2, 2014. Mr. Sylvia will succeed Les
Herr, who will be stepping down as CEO at the end of May.
"Mr. Sylvia has an impressive
track record of leading and growing mid-sized and specialty
insurance companies in Canada by focusing on service, simplicity
and strategic partnerships," says Mr. Jackman. "Empire Life posted
record earnings in 2013 and continues to be a well-managed and
well-capitalized company. The Board is confident that Mr. Sylvia
will build on the current strength of the company while leading
Empire Life to its next phase of growth and success."
Mr. Sylvia comes to Empire
Life from his current role as President of Clarity Underwriting
Managers Inc., an insurance consultancy firm he founded in 2010.
From 1999 to 2010 he served as Chief Executive Officer of Echelon
General Insurance Company, President & Chief Operating Officer
of Trent Health Insurance Service Corp and Canadian Insurance
Marketing Inc., all of which were affiliated companies of EGI
Financial Holdings Inc. From 1988 until 1999 Mr. Sylvia was
President and Chief Executive Officer of Hartford Life Insurance
Company of Canada.
Mr. Sylvia is a Fellow
Chartered Insurance Professional (1979) of the Insurance Institute
of Canada, and a Fellow of the Life Management Institute (1994) of
the Life Office Management Association Inc., and is a member of the
American Society of Safety Engineers and the Society for Risk
Analysis.
About Empire Life:
A subsidiary of E-L Financial Corporation Limited and in
business since 1923, Empire Life helps Canadians build wealth and
protect their financial security with competitive individual and
group life and health insurance, investment and retirement
products. The company's vision is to be known for simplicity, being
easy to do business with and having a personal touch.
The Empire Life Insurance CompanyLaurie SwintonDirector,
Communication Services(613) 548-1890, ext.
3374laurie.swinton@empire.caE-L Financial Corporation
LimitedRichard B. CartyVice-President, General Counsel and
Corporate Secretary(416) 947-2578(416) 362-2592
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