September 23, 2013 by Canadian Underwriter
George Cooke, most recently the long-time CEO of The Dominion of Canada General Insurance Company, has been named the first-ever independent chair of the Ontario Municipal Employees Retirement System (OMERS) Administrative Corporation (OAC).
Cooke, who will take on the new OAC post as of Oct. 1, served for more than 20 years as The Dominion’s CEO, notes a statement released Friday by OMERS, one of Canada’s leading pension funds. Over his two decades at The Dominion, Cooke also was both an executive vice president and director of E-L Financial Corporation, the insurer’s parent company.
The OAC board will be expanded to accommodate a 15th director, who will fill the position of independent board chair (IBC). The IBC position was one of the key recommendations made in the 2012 Dean Report on OMERS governance.
Cooke has also served as a director of the Insurance Bureau of Canada, the Facility Association and the Property and Casualty Insurance Corporation, as well as being a member of Ontario’s Auto Insurance Anti-Fraud Task Force. Currently board chair of CANATICS, an industry-owned, insurance fraud analytics company, a director of Hydro One and president of the business strategy company, Martello Associates Consulting, he has also been awarded an HCIP designation by the Insurance Institute of Canada.
Rick Miller, current OAC board chair, will remain on the board until Dec. 31, 2013.