Global Federation of Insurance Associations elects new president

The Global Federation of Insurance Associations (GFIA) has made several changes to its leadership, electing Susan Neely (pictured) as president and making new appointments to its executive committee.

Neely, currently president and CEO of the American Council of Life Insurers, assumes her new role from Don Forgeron, president and CEO of the Insurance Bureau of Canada. Taking over Neely’s previous role as vice president is Tim Grafton, chief executive of the Insurance Council of New Zealand. Meanwhile, the membership executive role vacated by Grafton will be filled by Norma Alicia Rosas, director general of Associaciòn Mexicana de Instituciones de Seguros.

These positions are held for two years.

“I am honoured to be elected president of GFIA and look forward to building upon Don Forgeron’s success in leading the organisation for the past two years,” said Neely. “Don and other leaders have significantly enhanced GFIA’s mission to present a unified voice on global insurance issues. We will leverage this momentum in 2023 with a study exploring protection gaps and develop policy recommendations based on its findings.”

She added: “Insurers make important contributions to societies and economies around the world through the protection they provide and the investments they make. Together through GFIA, we will advance solutions to the risk protection challenges countries face and work with global policymakers and standard setters who seek ways to help their people thrive.”

GFIA previously made the decision to sever ties with the All-Russian Insurance Association following Russia’s invasion on Ukraine. Last May, the association’s membership said they wanted to “express their complete solidarity with the Ukrainian people who are demonstrating incredible strength and bravery in the face of unimaginable adversity.”