Nicole Benson has been elected board chair of the Canadian Association of Financial Institutions in Insurance (CAFII), effective June 5. Benson succeeds Peter McCarthy, who completed a three-year term as chair.

As CEO at Canadian Premier Life Insurance Company, Benson brings 18 years of insurance industry experience to her new role as board chair.

McCarthy, president and CEO at BMO Life Assurance Company, remains on the CAFII board as director from his member organization.

CAFII’s 12 members include the insurance arms of Canada’s major financial institutions, along with other major industry players.

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