Ontario insurance coverage regulator names its new CEO

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Ontario insurance coverage regulator names its new CEO

Ontario’s insurance coverage regulator has appointed Dexter John as its new CEO, efficient Mar. 1, 2025.

John presently serves as a member of the Monetary Service Regulatory Authority of Ontario’s (FSRA) board of administrators.

“Throughout his tenure, he chaired the Enterprise Expertise Transformation Committee and contributed as an energetic member of a number of committees together with the Human Sources & Governance Committee and the Statutory Funds Advisory Committee,” FSRA said of John’s appointment Monday. “His data of FSRA’s operations and priorities and market enterprise expertise uniquely positions him to steer the group into its subsequent section of regulatory modernization and affect.”

John succeeds FSRA’s interim CEO Stephen Energy, who stepped into the function in July 2024. Energy succeeded FSRA’s former chief govt Mark White, who stepped down from the place when he was confirmed as chairman of the Ontario Power Board.

John is presently president and CEO of Morrow Sodali (Canada) Ltd., a worldwide advisory agency, the place he advises on company governance, ESG (environmental, social and governance) initiatives, shareholder engagement, govt compensation, and strategic investor voting analytics.

Additionally within the information: Why FSRA’s sharpening focus on accident benefits billing

Earlier than becoming a member of Morrow Sodali, John served as senior vice chairman and govt vice chairman of D.F. King Canada (previously CST Phoenix Advisors) and as govt vice chairman and common counsel of Kingsdale Shareholder Companies Inc. At Kingsdale, he suggested public firm issuers and boards on governance issues and company technique.

John has additionally held a number of roles in organizations such because the Funding Sellers Affiliation, the Ontario Securities Fee, and the Toronto Inventory Alternate.

Earlier in his profession, John practiced legislation with Stikeman Elliott, the place he developed an understanding of company legislation and governance.

“I’m honoured to have the chance to steer FSRA and to construct on the wonderful work of the workforce in advancing the group’s imaginative and prescient,” John commented Monday. “FSRA performs a crucial function in strengthening Ontario’s monetary companies sector, and I stay up for working with our employees, stakeholders, and companions to make sure we proceed to ship on our mandate and create optimistic outcomes for Ontarians.”