Alec Blundell has been appointed executive vice-president and chief operating officer of Co-operators Life and president and chief operating officer of CUMIS effective March 18, announced The Co-operators.
Blundell is currently vice-president, individual insurance and chief actuary, Co-operators Life. In his new role, he replaces Kevin Daniel, who was appointed to the position of executive vice-president and chief client officer in December 2018.
"Alec is an exceptional leader who has played a critical role in developing and growing the individual insurance business and guiding our continued efforts in product development, distribution, pricing and financial analysis," stated Rob Wesseling, president and CEO, The Co-operators, in a March 11 announcement. "His expertise and commitment to our business, our values and to our clients, have been invaluable and he is well positioned to lead our life, group benefits and wealth business into the future."
Blundell is a Fellow with the Canadian Institute of Actuaries and the Society of Actuaries. He holds a mathematics degree in actuarial science with a minor in statistics from the University of Waterloo. He sits on the board of The Edge Benefits and AZGA Services Canada.
"I'm excited to take on this new leadership role and look forward to navigating what will be a very exciting future for the insurance industry and for The Co-operators," says Blundell. "My past experience gives me unique insight into the challenges and opportunities facing the life industry and I'm looking forward to focusing on continued growth, profitability, and most importantly, the financial security of Canadians."