March 27, 2009 Insurance

Montréal – The Autorité des marchés financiers (AMF) is proud to announce the appointment of Danielle Boulet, AMF Superintendent, Solvency, as Chair of the Canadian Council of Insurance Regulators (CCIR). News of the appointment was released at the CCIR annual meeting held today in Toronto.

"This appointment recognizes the skills and expertise of Ms. Boulet and confirms the credibility of the AMF in insurance regulatory matters," noted Jean St-Gelais, AMF President and CEO.

"It is with enthusiasm that I step into this role with a commitment to move forward with the objectives set out in CCIR's Strategic Plan so that we can pursue the development and implementation of harmonized regulation and enhance consumer protection, a task that is particularly essential given the current economic environment. It is critical for an organization such as CCIR to help strengthen financial market stability and foster efficient market growth. We must adapt to an ever-changing industry to ensure greater protection of consumers of insurance products and services," said Ms. Boulet in her capacity as the newly appointed CCIR Chair.

Ms. Boulet, who served as CCIR Vice-Chair over the past two years, succeeds Michael Grist, Deputy Superintendent, Insurance and Pensions, British Columbia, who was appointed Chair in April 2007.

CCIR has been an association of federal, provincial and territorial insurance regulators since August 2000. Its mandate is to facilitate and promote an effective regulatory system in Canada to serve the public interest.

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec's financial sector.

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