TORONTO, ON — The Property and Casualty Insurance Compensation Corporation (PACICC) is pleased to announce that Alister Campbell has been appointed President and Chief Executive Officer of the Corporation, to take effect February 4, 2019.

Campbell’s appointment will also mark the retirement date of PACICC’s highly-respected and long-time President and CEO, Paul Kovacs. Paul will continue to serve as Executive Director of the Institute for Catastrophic Loss Reduction (ICLR). Lawrie Savage, Chair of the PACICC Board of Directors, stated that “Paul has served PACICC with distinction for 15 years and finding the right successor was certainly a challenge. Our Board is thrilled that Alister has chosen to assume leadership at this important time for PACICC and our industry.”

Alister is a 30-year veteran of the Canadian insurance industry, having held CEO-level positions with several major insurers in the last decade. Alister holds an MBA from the Wharton Graduate School of Business, an MSc in Economic History from the London School of Economics and an Honours BA in Economics and History from the University of Toronto.   

Says Alister, “I always hoped that 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 am excited to take up that challenge!”

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PACICC is the industry-funded, non-profit resolution authority for Canada’s Property and Casualty (P&C) insurance industry. PACICC’s mission is to protect eligible policyholders from undue financial loss in the event that a member insurer becomes insolvent. The Corporation works to minimize the costs of insurer insolvencies and seeks to maintain a high level of consumer and business confidence in Canada’s P&C insurance industry through the financial protection it provides to policyholders.