(Kingston, ON – April 30, 2018) – The Empire Life Insurance Company (TSX: EML.PR.A) announced today the appointment of Senior Vice-President and Chief Actuary Edward Gibson, FSA, FCIA, as its Chief Financial Officer.
Mr. Gibson became Senior Vice-President and Chief Actuary at Empire Life in June 2008. Throughout his 30-year tenure with the company, he has overseen finance, strategy, actuarial, and risk management functions.
“We are pleased to have an experienced and respected leader like Edward to step into the role of CFO to ensure a smooth transition,” says Mark Sylvia, President and Chief Executive Officer. “Edward’s deep knowledge of our business and strategy, and expertise in financial reporting and capital management, including key industry initiatives such as LICAT and IFRS 17, make him a natural choice as we continue to navigate changes in financial reporting in our industry.”
Mr. Gibson replaces Ron Friesen who is leaving the Company. “I would like to acknowledge and thank Ron for his many contributions during his time at Empire Life and wish him all the best”, says Sylvia.
About Empire Life
Empire Life is a subsidiary of E-L Financial Corporation Limited. Since 1923, Empire Life has provided individual and group life and health insurance, investment and retirement products to Canadians. Our mission is to make it simple, fast and easy for Canadians to get the investment, insurance and group benefits coverage they need to build wealth, generate income, and achieve financial security. As of December 31, 2017 Empire Life had total assets under management of $17.6 billion. Follow Empire Life on Twitter @EmpireLife or visit our website, www.empire.ca for more information.
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Contact: Laurie Swinton
Director, Communication Services
613 548-1890, ext. 3374 laurie.swinton@empire.ca
www.empire.ca