The Global Federation of Insurance Associations (GFIA), which represents the interests of the global insurance industry, has appointed Stephen Frank as its new president and made changes to its executive committee during its general assembly in South Africa.
With over 20 years of experience in the financial services sector, Frank has been the president and CEO of the Canadian Life and Health Insurance Association (CLHIA) since 2017.
Frank succeeds Susan Neely, CEO of the American Council of Life Insurers, as the new president of the Global Federation of Insurance Associations (GFIA).
After his election at the GFIA’s general assembly in Cape Town, South Africa, Frank commented: “It is a true honour to have been elected president of the Global Federation of Insurance Associations. A healthy and thriving insurance industry is vital for society to mitigate growing risks.
“By bringing together the views, knowledge and expertise of the world’s insurance industry, we can contribute to ensuring that individuals continue to have access to a robust insurance market that offers the protection and savings products they need, and help the sector best navigate issues such as AI, natural catastrophes and cyber security.”
Before leading the CLHIA, Frank held senior positions in the banking industry. He holds a bachelor’s degree in economics from Queen’s University and a master’s degree from the University of Cambridge.
At the same general assembly, Bachir Baddou, Executive Vice-President of the Moroccan Federation of Insurance and Reinsurance Companies (FMSAR), was elected Vice-President.
Thea Utoft Høj Jensen, Director General of Insurance Europe, was named Secretary General, while Toyonari Sasaki, Vice-Chairman of the Life Insurance Association of Japan, was appointed Treasurer.
Norma Alicia Rosas, General Director of the Mexican Association of Insurance Institutions (AMIS), will continue in her role as Membership Executive, and Andrew Hall, CEO and Executive Director of the Insurance Council of Australia, was chosen as Regional Representative.
