IBAO elects Waterloo broker as new president for 2014

The Insurance Brokers Association of Ontario (IBAO) has elected Chris Floyd as its 71^st president, the organization formally announced Wednesday. 

Floyd, based in Waterloo, was officially inducted at the recent IBAO Convention in Toronto, and will formally assume his role as president on Jan. 1. 

Floyd currently serves as president of Individual Insurance for the Ontario Teachers Insurance Plan (OTIP) and its group of companies, which includes OTIP/RAEO Insurance Brokers Inc., TW Insurance Brokers Inc. and Canadian Labour Insurance Services Inc.  He is directly responsible for the marketing, business development and management of operations and results for the sales, service and underwriting business efforts of the group.

Floyd began his insurance career as a claims adjuster at Gore Mutual Insurance in 1986. He joined OTIP in 1994 as a service manager and avanced to vice president soon after. He took on his current role as president in 2004.

“Chris is well respected and admired in the industry for his hands on, results focused approach to leadership,” IBAO CEO Randy Carroll commented in a statement. “We are honoured to have Chris take on this very important role as president of our association and we know he will lead our group of brokers with vigor.”

Floyd is a Chartered Insurance Professional (CIP) and a graduate of the Institute of Corporate Directors Program from the University of Toronto’s Rotman School of Management. In addition to his work with IBAO, he also sits on the Board of Directors of the Insurance Brokers Association of Canada (IBAC).  Floyd also volunteers his time as a coach at the representative level with both Kitchener Minor Hockey and Waterloo Minor Hockey. 

“It is humbling to take on this role,” he commented in the IBAO statement. “This is a challenging time for our brokers, our industry and IBAO. I am excited to work with brokers, insurers, and government to continue to move forward and make the broker channel the channel of choice for consumers. As I said during my induction speech, the job is to make sure that all brokers are ready to adopt the tools they need today in order to be successful for tomorrow. My goal is to help brokers understand the need to get ready for tomorrow today.” 

Photo Credit: Peter Tym