Great West Lifeco announces CEO’s retirement

Thirty-seven year career comes to an end as plans are revealed for leader to move on

One of the biggest names in the Canadian life insurance sector has revealed his plans to step down.
Bill Kyle, the chief executive officer of Great West Lifeco’s Irish Life subsidiary, will move into retirement as of mid-2016: bringing to an end a 37-year career.

As Kyle moves on, Great West Lifeco has announced the appointment of David Harney to the role of CEO of Irish Life from June 30 this year. He is currently the managing director of corporate business at the company and has been associated with Irish Life for 30 years. Among his accolades are a Master of Science in Financial Maths and a Fellow of the Institute of Actuaries and a Fellow of the Society of Actuaries of Ireland.

Harney had held a number of roles in the company – including those related to finance business, actuarial, marketing and sales.

Nevertheless, despite his excitement at Harney’s appointment, Paul Mahon, chief executive officer and president of Great West Lifeco believes that Kyle will be a significant loss for the company.

“Under Bill’s leadership over the past three years, Irish Life has successfully integrated the former Canada Life business in Ireland, strengthened its customer focus, repositioned the Irish Life brand, introduced innovative products in the Irish market and grown market share,” he said.