WATERLOO, ON, Aug. 1, 2024
/CNW/ - Definity Financial Corporation (TSX: DFY) today
announced the appointment of Sonia
Baxendale to its Board of Directors.
Ms. Baxendale has over three decades of experience in senior
leadership roles as an executive and board member in the financial
services industry. She currently serves as President and
Chief Executive Officer of Global Risk Institute ("GRI"), a
prominent thought leadership organization in risk management for
the financial services industry. Prior to joining GRI, Ms.
Baxendale was President of CIBC Retail Markets, where she led
retail & commercial banking and wealth management
globally. At CIBC, she played a key role in developing
strategy and direction for the bank, holding various senior
leadership roles from 1992 through 2011. Prior to CIBC, Ms.
Baxendale held various positions with American Express and Saatchi
& Saatchi.
Ms. Baxendale is a graduate of the University of Toronto, and received the
University of Toronto, Victoria College Distinguished Alumni Award in
2017. She also serves as a director of Laurentian Bank, Foresters
Financial, The Bank of N.T. Butterfield & Son Limited and
GRI.
"We welcome Sonia to our Board knowing that she brings
significant experience and expertise across a broad range of
financial services industries," said John
Bowey, Board Chair of Definity Financial Corporation.
"Her appointment will further strengthen our Board as we
navigate the opportunities ahead in a dynamic industry and market
environment. We look forward to benefiting from the full
range of insight and perspective she brings to an already high
performing Board."
About Definity Financial Corporation
Definity Financial Corporation ("Definity", which includes its
subsidiaries where the context so requires) is one of the leading
property and casualty insurers in Canada, with approximately $4.3 billion in gross written premiums for the 12
months ended June 30, 2024 and over
$3.0 billion in equity attributable
to common shareholders as at June 30,
2024.
SOURCE Definity Financial Corporation