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In this section, you will find an archive of our global and Canadian news releases for the last 12 months. Click on the link to view one of the news releases.

Foresters Financial congratulates KaBOOM! on its 3,000th playground build

  • Oct 18, 2017

(Toronto, ON, October 18, 2017) – Foresters Financial™, a Fraternal Benefit Society and a purpose driven, international financial services provider, is pleased to congratulate KaBOOM! on completing its 3,000th playground build at the THEARC: Town Hall Education Arts Recreation Campus in Washington, DC.

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Foresters Financial maintains A.M. Best “A” (Excellent) ratings

  • Sep 22, 2017

(Toronto, ON, September 22, 2017) – Foresters Financial™, an international financial services provider, has maintained its A.M. Best financial strength1 ratings across the organization.

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Foresters Financial donates $50,000 to the American Red Cross to aid Hurricane Irma relief efforts

  • Sep 12, 2017

(Toronto, ON, September 12, 2017) - Foresters Financial™ donated $50,000 to the American Red Cross™ to help families who have been affected by Hurricane Irma in the United States and other affected regions.

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Foresters Financial donates $50,000 to the American Red Cross to aid Hurricane Harvey relief efforts in Texas

  • Aug 29, 2017

(Toronto, ON, August 29, 2017) - Foresters Financial™ donated $50,000 to the American Red Cross™ to help families who have been affected by Hurricane Harvey in Texas.

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Foresters Financial, KaBOOM! and volunteers create more ways for kids to play at Bolus Gardens Parkette - For more than ten years, families come together with Foresters Financial to focus on giving kids the play they need

  • Aug 13, 2017

Burlington, August 13, 2017 – The Burlington community was revitalized today thanks to a new playground built at Bolus Gardens Parkette. In less than eight hours, more than 200 volunteers from Foresters FinancialTM, City of Burlington and non-profit KaBOOM! created the new playspace, which will serve more than 1,200 children and their families in the local community for years to come.

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Foresters Financial announces departure of CEO Anthony Garcia; appointment of Michael Stramaglia and Sonia Baxendale as co-Interim Presidents and CEOs

  • Jul 27, 2017

(Toronto, ON, July 27, 2017) – Foresters Financial TM announced today that it has appointed Mr. Michael Stramaglia and Ms. Sonia Baxendale as Co-Interim Presidents and CEOs, replacing Anthony Garcia, effective immediately.

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Foresters Financial donates $50,000 to Canadian Red Cross to aid wildfire relief efforts in British Columbia

  • Jul 13, 2017

(Toronto, ON, July 13, 2017) - Foresters Financial™ is donating $50,000 to the Canadian Red Cross to help families who have been affected by ongoing wildfires in British Columbia.

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Foresters offers Emergency Assistance to members in British Columbia

  • Jul 10, 2017

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by wildfires in British Columbia.

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Foresters Financial announces changes to certain imaxxFunds™

  • May 18, 2017

TORONTO, May 18, 2017 /[CNW]/ - Foresters Financial Investment Management Company of Canada Inc. (the “Manager”), today announced changes to certain imaxxFunds™. These changes will be effective upon the renewal of the imaxxFunds™ Simplified Prospectus.

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Foresters offers Emergency Assistance to members in Quebec

  • May 15, 2017

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by flooding in Quebec. 

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Foresters Financial announces change to the investment objective and name of the imaxx Money Market Fund

  • May 10, 2017

TORONTO, May 10, 2017 /[CNW]/ - Foresters Financial Investment Management Company of Canada Inc., the manager of the imaxx Money Market Fund (the Fund), announced today that at the special meeting of unitholders of the Fund held today, the unitholders unanimously approved a change to the investment objective of the Fund to a short term bond fund, and a corresponding change to the name of the Fund to imaxx Short Term Bond Fund.


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Foresters Financial launches repriced Canadian term life insurance portfolio with unique charitable campaign

  • May 01, 2017

(Toronto, ON, May 1, 2017) – Foresters Financial™, an international financial services provider, has introduced new, more competitive term life insurance1 rates in Canada. The re-price is part of an ambitious new strategy to significantly enhance and grow Foresters product portfolio and expand business in Canada over the next decade.


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Foresters Financial brings its purpose to life in new “Community Matters” campaign - Video series showcases the organization’s commitment to doing more

  • Apr 27, 2017

(Toronto, ON, April 27, 2017) – Following the Foresters Financial™ rebrand announcement in 2016, the financial services organization has launched the video series, “Community Matters”, which uses brand storytelling to bring its value proposition and core story to life.


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Foresters Financial Competitive Scholarship program now accepting applications from community-minded students

  • Feb 02, 2017

(Toronto, ON, February 2, 2017) – Foresters Financial™ proudly supports students who share the organization’s commitment to doing more by awarding 250 community-minded scholars across North America with renewable scholarships worth up to $8,000 each.


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Foresters offers Emergency Assistance to members in New Brunswick

  • Jan 31, 2017

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by the ice storm in New Brunswick.

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Foresters Financial launches three new non-participating whole life products in Canada

  • Dec 12, 2016

(Toronto, ON, December 12, 2016) – Foresters Financial™, an international financial services provider, has launched three new non-participating whole life products1: Non-Par Whole Life, Simplified Non-Par Whole Life and Child Non-Par Whole Life. The launch is part of an ambitious new strategy to significantly grow Foresters product portfolio in Canada over the next decade.

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Foresters Financial offers Emergency Assistance to members affected by Hurricane Matthew

  • Oct 12, 2016

Who:   Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members in North Carolina, South Carolina, Florida, Georgia and Virginia affected by Hurricane Matthew.

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Foresters Financial offers Emergency Assistance to members in Ontario

  • Oct 06, 2016

Who:   Foresters Financial™, an international financial services provider committed to the well-being of families, is offering assistance to its members affected by flooding in Windsor and Tecumseh, Ontario.

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Foresters Financial maintains A.M. Best “A” (Excellent) ratings

  • Sep 16, 2016

(Toronto, ON, September 16, 2016) – Foresters Financial™, an international financial services provider, has maintained its A.M. Best financial strength1 ratings across the organization.

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Foresters Financial, KaBOOM! and volunteers bring families together with new playground at Driftwood Parkette

  • Aug 13, 2016

Toronto, August 13, 2016 – The Toronto community was revitalized today thanks to a new playground built at Driftwood Parkette. In less than eight hours, more than 200 volunteers from Foresters FinancialTM, Toronto Parks, Forestry and Recreation and non-profit KaBOOM! created the new play space, which will serve children and their families in the local community for years to come.

 

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Foresters Golf Tournament raises over $100000 to help enrich lives and build strong communities - Golfers tee off to raise funds for the Providence Healthcare Foundation and three local organizations

  • Jul 07, 2016

(Toronto, ON, July 07, 2016) – More than 140 golfers hit the links today for Foresters FinancialTM Annual Charity Golf Tournament in King City, ON raising over $100,000 in support of the Providence Healthcare Foundation, the Community Share Food Bank, Flemingdon Health Centre and Grenoble Public School.

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Foresters Financial implements measures to minimize impact of possible Canada Post labour strike on clients

  • Jun 30, 2016

Background
Canada Post and the Canadian Union of Postal Workers (CUPW) are warning of possible labour disruptions if a new collective agreement is not reached by Saturday, July 2, 2016.

 

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Foresters announces rebrand to Foresters Financial - Launch of new brand name, core story and global website showcases the importance of a financial services organization “Doing More”

  • Jun 07, 2016

(Toronto, ON, June 7, 2016) – Toronto-based international financial services provider, Foresters™ has rebranded to Foresters Financial™ in a move that aligns the Foresters family of companies across Canada, the United States and the United Kingdom under one collective brand. The brand name change was prompted by the launch of an ambitious new strategy, designed to propel significant organizational growth into 2025.

 

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Foresters Financial ends Canadian sales-based travel incentive conferences for independent advisors

  • Jun 03, 2016

(Toronto, ON, June 3, 2016) – Toronto-based international financial services provider Foresters Financial™ announced today its decision to end sales-based travel incentive conferences for its independent insurance advisors in Canada. The Elite Producers’ Conference already scheduled for 2018 will be the last.

 

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Foresters Financial, KaBOOM! and volunteers bring families together with new playground at Coffey Park

  • May 14, 2016

Cockrell Hill, May 14, 2016 – The Cockrell Hill community was revitalized today thanks to a new playground built at Coffey Park. In less than eight hours, more than 200 volunteers from Foresters FinancialTM, City of Cockrell Hill, Cockrell Hill Beautification Association, and non-profit KaBOOM! created the new play space, which will serve more than 1,100 children and their families in the local community for years to come.

 

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Foresters Financial donates $25,000 to Canadian Red Cross to aid wildfire relief efforts in Fort McMurray

  • May 09, 2016

(Toronto, ON, May 9, 2016) - Foresters Financial™ is donating $25,000 to the Canadian Red Cross to help families who have been affected by ongoing wildfires in Fort McMurray and surrounding Alberta communities.  

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Foresters offers Emergency Assistance to members in Fort McMurray

  • May 05, 2016

Who:   Foresters Financial™, an international financial services provider committed to the well-being of families, is offering assistance to its members affected by wildfires in Fort McMurray, Alberta.

What: Eligible members experiencing significant personal hardship as a result of the wildfires can receive grants to help with immediate needs.

 

 

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Foresters Financial completes the purchase of Aegon Capital Management and Aegon Fund Management - Asset management business expands into Canada

  • May 05, 2016

TORONTO (May 5, 2016) – Foresters Financial™, the Toronto-based international financial services provider, announced yesterday, May 4, 2016, the completion of an agreement with Proj Fox Acquisition Inc. to acquire 100 per cent of the shares of Aegon Capital Management Inc. and Aegon Fund Management Inc. All required Canadian regulatory approvals have been received.

 

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Foresters to purchase Aegon Capital Management and Aegon Fund Management

  • Mar 01, 2016

Foresters™, a Toronto-based international financial services provider, announced that it has entered into an agreement, dated February 29, 2016, with Proj Fox Acquisition Inc. to indirectly acquire 100 per cent of the shares of Aegon Capital Management (ACM) and Aegon Fund Management (AFM). 

 

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Foresters awards nearly 1,000 academic scholarships to students across North America

  • Dec 01, 2015

More than $30 million awarded internationally to help scholars plan for their futures, improve communities

 

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Anthony M. Garcia, President and CEO of Foresters, appointed to LIMRA and LOMA Global Board of Directors

  • Nov 24, 2015

IMRA and LOMA has announced the appointment of Anthony (Tony) M. Garcia, Foresters President and CEO, to the LL Global Board of Directors. Tony is one of six new members elected to the board...

 

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Foresters refreshes term life insurance portfolio with new rates and product features

  • Nov 12, 2015

Foresters™, an international financial services provider, has introduced new rates and features to its Canadian term life insurance1 portfolio to provide families with cost-effective...

 

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Foresters names Eric Miller as Vice President, US Life and Annuity Sales

  • Sep 30, 2015

Foresters names Eric Miller as Vice President, US Life and Annuity Sales

 

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Foresters announces plans to change its brand name to Foresters Financial

  • Sep 21, 2015

Foresters™ CEO Tony Garcia announced today plans for the Foresters family of companies to be known collectively by one brand – Foresters Financial – in Canada, the United States and the United Kingdom

 

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Foresters, KaBOOM! and volunteers bring families together with new playground at North Middle School

  • Sep 19, 2015

Playground will enhance family and community well-being

 

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Foresters, KaBOOM! and volunteers bring families together with new playground at Heron Park

  • Aug 08, 2015

Playground will enhance family and community well-being

 

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Foresters offers Emergency Assistance to members in California affected by wildfires

  • Aug 06, 2015

Foresters™, an international financial services provider committed to the well-being of families, is offering assistance to its members affected by wildfires in California...

 

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Foresters offers Emergency Assistance to members in Washington State and Western Canada affected by wildfires

  • Jul 15, 2015

Foresters™, an international financial services provider committed to the well-being of families, is offering assistance to its members affected by wildfires in Washington State and Western Canada...

 

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Foresters receives A.M. Best “A” Excellent rating for 15 consecutive years Subsidiaries upgraded from “A-” to “A” rating

  • Jul 09, 2015

Foresters™, an international financial services provider, has maintained its “A” (Excellent) Financial Strength Rating (FSR) from A.M. Best Company1. A.M. Best has now affirmed Foresters “A” (Excellent) rating...

 

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Foresters names Lou Severino as its 2015 Community Involvement Award winner

  • Jun 23, 2015

Foresters has announced that Vice President of Marketing with NIDA Marketing Group, is the recipient of its 2015 Foresters Community Involvement award. An international financial services provider...

 

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Foresters, KaBOOM! and volunteers bring families together with new playground at Ottawa Community Housing

  • May 09, 2015

Playground will enhance family and community well-being

 

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Foresters names Cheryl Neal as Executive Vice President and President, North American Life Insurance

  • Apr 29, 2015

Tony Garcia, President and CEO, Foresters™ announced today the appointment of Cheryl Neal to the role of Executive Vice President and President, North American Life Insurance.

 

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Foresters teams up with the Canadian Mortgage App

  • Mar 17, 2015

Foresters™, an international financial services provider, today announced it has teamed up with the Canadian Mortgage App, to offer its contracted life insurance agents a meaningful way to connect with their customers.

 

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Christmas the Top Holiday in Which Technology Use Considered Most Annoying

  • Nov 11, 2014

Perfect holiday gift to family is unplugging

 

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Give Thanks to Your Family by Unplugging

  • Oct 01, 2014

Study finds Thanksgiving is one of the country’s top holidays in which technology use by family members is considered most annoying

 

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We have great stories to tell and we’re excited when we get coverage. Here is just a snapshot of print and digital articles about Foresters Financial.

Rajeev Sharma, Director of Fixed Income at Foresters Financial featured in Q&A style article from the Washington Post

  • Aug 19, 2017

Central banks expected to assist risk asset performance

  • Jul 14, 2016

Electronic underwriting insurers testing the waters

  • Jul 08, 2016

The Amateur Genealogist: Understanding Fraternal, Benevolent and Secret societies

  • Jun 14, 2016

Foresters announces rebrand to Foresters Financial

  • Jun 07, 2016

Foresters announces rebrand to Foresters Financial

  • Jun 07, 2016

Foresters latest insurer to end sales-based travel incentive conferences

  • Jun 06, 2016

Foresters to end sales conferences

  • Jun 06, 2016

Morning Briefing Insurers to get briefing and it is rocket science

  • Jun 06, 2016

Life insurers rush to the rescue in Fort McMurray

  • May 13, 2016

Life insurance companies offer support to Fort McMurray

  • May 11, 2016

Fort McMurray donations hit record thanks to insurers, businesses

  • May 11, 2016

Foresters Financial completes acquisition of Aegon Capital Management, Aegon Fund Management

  • May 05, 2016

Foresters completes Aegon acquisitions

  • May 05, 2016

Foresters hires former Liberty Life exec

  • Sep 30, 2015

Foresters to become Foresters Financial

  • Sep 23, 2015

Effective branding can help build loyalty

  • Sep 22, 2015

Major insurer changing its name

  • Sep 21, 2015

Lou Severino Named 2015 Community Involvement Award, Foresters

  • Jun 25, 2015

Foresters, KaBOOM! and volunteers bring families together with new playground at Heron Park

  • Aug 12, 2015

A.M. Best Upgrades Ratings of Foresters Life Insurance Company and First Investors Life Insurance Company

  • Jul 01, 2015

Foresters reorganizes to establish its niche presence

  • May 27, 2015

Major insurer hires North American President and Executive VP

  • May 03, 2015

Foresters Taps Liberty Mutual Vet to Lead North American Life

  • Apr 30, 2015

Foresters sponsors Canadian Mortgage App

  • Mar 20, 2015

Curious. Fearless. Focused. Meet Canadian actuary Sharon Giffen

New whole life product hits the market

  • Jan 28, 2015

Foresters introduces Advantage Plus

  • Jan 26, 2015

Foresters celebrates 100 playgrounds built across North America

50 women of influence in Canada’s life insurance industry

  • Aug 18, 2014

Foresters names president, CEO

  • Apr 01, 2014

Foresters appoints new CEO

  • Apr 01, 2014

Foresters Financial

Foresters Financial™ is an international financial services provider with over three million clients and members in Canada, the United States and the United Kingdom. Globally, the Foresters family of companies provides life insurance, savings, retirement and investment solutions. In Canada, we provide a wide range of life insurance and annuity products to help families achieve their financial goals and make a lasting difference in their lives and communities.

Foresters also shares its financial strength with communities and inspires others to do the same, by providing opportunities to support children's health and healthy family time through community service and volunteering

 

Foresters family of companies 

Headquartered in Toronto, Canada, the Foresters family of companies operates in the United States, Canada and the United Kingdom.

Foresters Financial Corporate Office
Foresters Financial
789 Don Mills Road
Toronto, ON, M3C 1T9

Foresters Financial Holding Company
Foresters Financial Holding Company
40 Wall Street, 10th Floor
New York, NY, 10005

Foresters Financial UK
Foresters Financial UK
2 Cromwell Avenue
Bromley, UK, BR2 9BF

 

Executive leadership

Michael Stramaglia, Co-Interim President and CEO
Sonia A. Baxendale, Co-Interim President and CEO
Andrew Adie, Global Chief Risk Officer
Euan Allison, Chief Executive Officer, United Kingdom
Cheryl Neal, Global Chief Strategy, Marketing and Innovation Officer
Suanne Nielsen, Global Chief Administration Officer and Corporate Secretary
Paul Reaburn, Chief Financial Officer
Clark Wagner, President, Foresters Investment Management Company. Inc. and Chief Investment Officer, Foresters Financial
René Zanin, Global Chief Legal Officer and Chief Compliance Officer

 

Financial strength

For 15 consecutive years, Foresters Financial has received an "A" (Excellent)1 rating from A.M. Best, an industry financial rating organization. A.M. Best’s independent rating assesses Foresters Financial ability to pay claims and is an important measure of our strength and stability.

Foresters Audited Balance Sheet as of December 31, 20152:

Assets: almost $14 billion
Total Funds under Management: $34 billion
Surplus: $2.3 billion


Source: 2015 Foresters Financial Highlights

Products

The Foresters family of companies offers:
In Canada - A variety of life insurance products, including individual term, whole life and universal life as well as annuities
In the United States – A range of life insurance and annuity products as well as savings and investment products3
In the United Kingdom - A variety of saving, investment and protection products4

 

Competitive scholarships

Up to 250 competitive scholarships are awarded each year to eligible Foresters members5 or their dependent children and grandchildren in the US and Canada5 and 150 in the UK.
For more information, visit our Scholarship page

 

Community support

Foresters Financial invests in communities across North America and the UK through partnerships with The American Red CrossTM, KaBOOM!, Ronald McDonald House Charities®, (RMHC ®),Cash for Kids, as well as hundreds of local and regional not-for-profit organizations focused on strengthening families.

Foresters Community Grants allow members to plan local activities for their families and other Foresters members, creating exciting volunteer opportunities and family activities. Foresters provides funding as well as tools and resources

Foresters Financial offers its members and distribution partners opportunities to get involved in their communities through Foresters funded community volunteer activities.

Foresters Financial and Foresters are trade names and trademarks of The Independent Order of Foresters (a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9) and its subsidiaries.

1 An "A" (Excellent) rating is assigned to companies that have a strong ability to meet their ongoing obligations to policyholders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by A.M. Best Company. A.M. Best assigns ratings from A++ to F, A++ and A+ being superior ratings and A and A-being excellent ratings. In assigning the rating for The Independent Order Foresters on July 1, 2015, A.M. Best stated that the rating outlook is "stable", which means it is unlikely to change in the near future. See www.ambest.com for our latest ratings.

2All figures in Canadian dollars. 

3In the United States, life insurance and annuity products are underwritten by The Independent Order of Foresters or Foresters Life Insurance & Annuity Company.   In Canada, life insurance and annuity products are underwritten by The Independent Order of Foresters or Foresters Life Insurance Company.”

4 - In the United Kingdom, various protection, savings, investment, pension and annuity products are provided by Forester Life Limited. In addition a subsidiary company Forester Fund Management Limited, trading under the brand The Children’s Mutual, provides a number of child savings products.

5Foresters member benefits are non-contractual, subject to eligibility requirements and limitations and may be changed or cancelled without notice. 

® Ronald McDonald House Charities, RMHC, Ronald McDonald House, Ronald McDonald Family Room, and Ronald McDonald Care Mobile are all registered trademarks of McDonald’s Corporation or its affiliates and are used with permission.
 
412752 CAN (10/15)

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