IBC president and CEO announces retirement

After serving the Canadian property and casualty insurance industry for 32 years, Stanley I. Griffin, president and CEO of the Insurance Bureau of Canada (IBC), has announced he will retire at the end of this year.
Griffin joined the IBC in 1975, ultimately reaching the position of president and CEO in 2002, says an IBC release.
IBC achievements under Stans guidance include unprecendented auto insurance reform in six provinces and a very significant improvement in consumer confidence in the industry following a very difficult hard market, IBC chair Mike Donoghue, president and CEO of Allstate Insurance Company of Canada, said in a statement.
Griffin helped to guide the IBC through its mandate renewal process and the development and current implementation of Standards of Sound Marketplace Practice.
Mr. Griffin was also the first vice president of the Ontario region, where he spearheaded many negotiations with successive governments in the province, resulting in substantial changes to Ontarios auto insurance law, the statement adds.
Replacing him will be Mark Yakabuski, currently the vice president, Ontario and federal affairs, IBC.
I am very pleased that IBCs board of directors has unanimously approved the recommendation that Mark succeed me as president and CEO, Griffin said in a statement.
I know that Mark will bring to his new role his passion, enthusiasm and commitment to IBC and our industry.