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 announces the sale of Foresters Life Insurance and Annuity Company to Nassau Financial Group
(October 17, 2019) — Foresters Financial™ (“Foresters”) today announces that it has entered into a definitive agreement with Nassau Financial Group, L.P., subsidiary Nassau Life Insurance Company (“NNY”), to acquire Foresters Financial Holding Company, Inc. and its subsidiary Foresters Life Insurance and Annuity Company (“FLIAC”). NNY and FLIAC are New York-domiciled life insurance companies...
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Foresters Financial to Offer Charitable Benefit Provision for its Term Life Insurance Portfolio in Canada
(Toronto, ON, August 12, 2019) – Foresters Financial™ (“Foresters”) today announced the addition of its Charitable Benefit Provision to its Term1 products in Canada. For Term insurance policyholders who select the benefit, Foresters will donate an additional 1% of the basic insurance amount...
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Foresters Financial selects its 2019 scholarship recipients
(Toronto, ON, July 18, 2019) – Foresters Financial™ today announced the recipients of its competitive academic scholarships for 2019...
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Foresters Financial announces 2019 dividend for Canadian participating certificate holders
(Toronto, ON, June 7, 2019) – The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $9 million for eligible1 participating Canadian certificate holders in 2019. The dividend investment rate in 2018 was 6.22 percent...
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Foresters Financial and KaBOOM! Partner to Increase Play Opportunities for Toronto Kids
Toronto, June 1, 2019 – The Toronto community was revitalized today thanks to a new playground built at Glamorgan Park. In just six hours, more than 300 volunteers from Foresters Financial™, the City of Toronto, Agincourt Community Services Association, and the national non-profit KaBOOM! created the new playspace...
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Foresters Financial Announces Agreement for Sale of its Canadian Asset Management Business to Fiera Capital
TORONTO – May 15, 2019 – Foresters Financial has entered into a definitive agreement with Fiera Capital Corporation (“Fiera Capital”) under which it will sell the outstanding shares of Foresters’ Canadian asset management business, Foresters Asset Management Inc. (“Foresters Asset Management”) to Fiera Capital...
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Foresters Financial bolsters its leadership as it refocuses on life insurance
(Toronto, ON, May 8, 2019) – Foresters Financial™ today announces the further bolstering of its senior leadership team with the appointment of its new Chief Operating Officer, Bruce Hodges, as the organization repositions itself to focus on its core life insurance business...
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Foresters offers Emergency Assistance to members in Ontario, Quebec and New Brunswick
Who: Foresters Financial™, a purpose-driven financial services provider committed to doing more for families and communities, is offering assistance to its eligible members affected by flooding in Ontario, Quebec and New Brunswick...
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Foresters Financial Announces Strategic Transactions
TORONTO – April 9, 2019 – Foresters Financial™ has entered into definitive agreements to sell assets related to its U.S. asset management business, including First Investors mutual funds, to Macquarie Investment Management (“Macquarie”), the investment manager of the Delaware Funds® by Macquarie family of funds, and its U.S. broker dealer and advisory business to Cetera Financial Group (“Cetera”)...
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Foresters Asset Management offering institutional pricing for its imaxx Short Term Bond Fund and imaxx Canadian Bond Fund
Foresters Asset Management Inc. (“FAM”), the manager of the imaxxFunds™, is pleased to announce that effective January 1, 2019, FAM will lower the management fee for Class F of the imaxx Short Term Bond Fund and Class F of the imaxx Canadian Bond Fund (the “Funds”), and will continue to absorb a portion of the Funds’ operating expenses in order to lower the Management Expense Ratio (“MER”)...
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Canada Post labour disruption
The Canadian Union of Postal Workers (CUPW) announced that it will hold rotating strikes at various locations beginning October 22, 2018. Canada Post continues to operate across Canada but the rotating strikes may slow mail delivery.
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Foresters Financial maintains A.M. Best “A” (Excellent) ratings
(Toronto, ON, October 11, 2018) – Foresters Financial™, an international financial services provider, has maintained its A.M. Best financial strength1 ratings...
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Foresters offers Emergency Assistance to members in Ontario and Quebec
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 tornadoes in Ontario and Quebec...
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Foresters Financial and KaBOOM! Celebrate building 150 Playgrounds Together while Increasing Play Opportunities for Minneapolis Kids
Minneapolis, MN – The Minneapolis community was revitalized today thanks to a new playground built at Jenny Lind Elementary School. In just six hours, more than 200 volunteers from Foresters Financial™, Jenny Lind Elementary School and the national non-profit KaBOOM! created the new playspace...
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Celebrating 150 playgrounds
On Saturday, September 22, the Minneapolis community will be revitalized thanks to a new playground built at Jenny Lind Elementary School. Nearly 200 volunteers from Foresters, Jenny Lind and KaBOOM! will create the new playground, ultimately helping 1,300 children and their families in the local community for years to come...
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Foresters Financial announces winners of 2018 Competitive Scholarships in Canada and the United States
(Toronto, ON, August 31, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the 250 recipients of our 2018 Competitive Scholarships in North America...
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Foresters offers Emergency Assistance to members in British Columbia
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 names Alvin Sharma as new Global Chief Financial Officer
(Toronto, ON, August 24, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the appointment of Alvin Sharma as our new Global Chief Financial Officer, effective September 17, 2018. He will be based in Toronto...
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Foresters Asset Management Inc. implements change to the investment objective of the imaxx Global Equity Growth Fund
(Toronto, ON, August 21, 2018) – Foresters Asset Management Inc., the manager of the imaxx Global Equity Growth Fund (the “Fund”), is pleased to announce that the change to the Fund’s investment objective that was approved at a special meeting of unitholders of the Fund held on May 15, 2018, takes effect today.
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Foresters offers Emergency Assistance to members in Ontario
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 Ontario...
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Foresters Financial announces 2018 dividend for Canadian participating certificate holders
(Toronto, ON, July 31, 2018) – The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $8.5 million for eligible1 participating Canadian certificate holders in 2018. That’s up more than two percent from the $8.3 million disbursed in 2017. The dividend investment rate in 2017 was 6.43 percent...
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Foresters Financial and KaBOOM! Partner to Increase Play Opportunities for Edmonton Kids - Community Volunteers Build State-of-the-art Playground in Six Hours at Clara Tyner School
Edmonton, Alberta – The Edmonton community was revitalized today thanks to a new playground built at Clara Tyner School. In just six hours, more than 200 volunteers from Foresters Financial™, Clara Tyner School and the national non-profit KaBOOM! created the new playspace...
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Foresters offers Emergency Assistance to members in British Columbia
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 British Columbia...
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Foresters Financial releases 2017 annual report
(Toronto, ON, May 17, 2018) – Foresters Financial™, an international financial services company, is pleased to release its annual report to members. The magazine and digital version are called Moved to Action and include information on our grant programs, membership activities and 2017 financial results...
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change to the investment objective of the imaxx Global Equity Growth Fund
TORONTO, May 15, 2018 - Foresters Asset Management Inc., the manager of the imaxx Global Equity Growth Fund (the Fund), is pleased to announce that at the special meeting of unitholders of the Fund held today, the unitholders approved a change to the investment objective of the Fund...
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Foresters Financial appoints David Longfritz as new Global Chief Marketing Officer
(Toronto, ON, May 1, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the appointment of David Longfritz as its new Global Chief Marketing Officer, effective May 7, 2018.
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Foresters Financial wins prestigious IABC 2018 Gold Quill Award of Excellence for employee engagement
(Toronto, ON, April 18, 2018) – Foresters Financial™, an international financial services provider committed to doing more for families and communities, has won an International Association of Business Communicators (IABC) 2018 Gold Quill Award of Excellence in the communication management/employee engagement category...
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Foresters Asset Management announces proposed changes to imaxx™ Global Equity Growth Fund
TORONTO, April 13, 2018 - Foresters Asset Management Inc., the manager of the imaxx Global Equity Growth Fund (the “Fund"), announced today that it will seek the approval of unitholders to change the Fund to a global equity balanced mandate. The manager proposes to rename the Fund as the imaxx Global Fixed Pay Fund and to change the investment objective of the Fund to the following...
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Foresters Asset Management announces change to the monthly distribution rate for the imaxx™ Canadian Fixed Pay Fund
TORONTO, April 13, 2018 - Foresters Asset Management Inc. (“FAM” or the “Manager”), today announced changes to the distribution rate for the A8 and F8 classes of the imaxx Canadian Fixed Pay Fund (the “Fund”). These changes will take effect in June, 2018...
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Foresters offers Emergency Assistance to members in Brantford, Ontario
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 Brantford, Ontario...
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Foresters Financial announces the inclusion of a Charity Benefit provision to recent enhancements to its Advantage Plus insurance product in Canada
(Toronto, ON, January 2, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the inclusion of an incomparable Charity Benefit provision to the recent enhancement to our Advantage Plus1 participating whole life insurance product in Canada.
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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.
Foresters Asset Management’s Vivian Lo spoke with Morningstar Canada to discuss the Canadian dividend outlook for 2019 to kick off their Women In Investing Week
3 Canadian stocks with dividend growth potential
Wild West Haunted House brings spooky thrills close to home
Minneapolis elementary school students help design a new playground, to be built this fall with help from Foresters Financial volunteers.
Central banks expected to assist risk asset performance
Electronic underwriting insurers testing the waters
The Amateur Genealogist: Understanding Fraternal, Benevolent and Secret societies
Foresters announces rebrand to Foresters Financial
Foresters announces rebrand to Foresters Financial
Foresters latest insurer to end sales-based travel incentive conferences
Foresters to end sales conferences
Morning Briefing Insurers to get briefing and it is rocket science
Life insurers rush to the rescue in Fort McMurray
Life insurance companies offer support to Fort McMurray
Fort McMurray donations hit record thanks to insurers, businesses
Foresters Financial completes acquisition of Aegon Capital Management, Aegon Fund Management
Foresters completes Aegon acquisitions
Foresters hires former Liberty Life exec
Foresters to become Foresters Financial
Effective branding can help build loyalty
Major insurer changing its name
Lou Severino Named 2015 Community Involvement Award, Foresters
Foresters, KaBOOM! and volunteers bring families together with new playground at Heron Park
A.M. Best Upgrades Ratings of Foresters Life Insurance Company and First Investors Life Insurance Company
Foresters reorganizes to establish its niche presence
Major insurer hires North American President and Executive VP
Foresters Taps Liberty Mutual Vet to Lead North American Life
Foresters sponsors Canadian Mortgage App
Curious. Fearless. Focused. Meet Canadian actuary Sharon Giffen
New whole life product hits the market
Foresters introduces Advantage Plus
Foresters celebrates 100 playgrounds built across North America
50 women of influence in Canada’s life insurance industry
Foresters names president, CEO
Foresters appoints new CEO
Foresters Financial
Foresters Financial™ is an international financial services provider with over three million clients and members1 in the United States, Canada and the United Kingdom. The Foresters Financial family of companies provides investment, life insurance, savings and retirement solutions that help families reach their financial goals, and improve their communities.
At Foresters Financial, we believe our products are just a starting point. We believe in working with communities to make our purpose a reality. That’s why we invest time and money in ways we can work together to make a difference, including neighborhood programs, charities and scholarships.
As a fraternal benefit society, The Independent Order of Foresters has a global network of more than two-million members. Members enjoy unique benefits including competitive academic scholarships, financial counseling and discounted legal services 1.
Foresters Financial family of companies
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
40 Wall Street, 10th Floor
New York, NY, 10005
Foresters Financial UK
Foresters Financial UK
2 Cromwell Avenue
Bromley, UK, BR2 9BF
Executive leadership
James R. (Jim) Boyle, President and Chief Executive Officer
Euan Allison, Chief Executive Officer, United Kingdom
Pat Colavita, Vice President and Chief Internal Auditor
Nicole Gourley, Global Chief Membership Officer
Mehul Kapadia, Chief Information Officer, Vice-President of IT and Business Transformation
David Longfritz, Global Chief Marketing Officer
Marcia Mendes-d’Abreu, Global Chief Human Resources Officer
Blake Moore, President, North American Asset Management
Alvin Sharma, Global Chief Financial Officer
Gaurav Upadhya, Chief Actuary
René Zanin, Global Chief Legal Officer and Chief Compliance Officer
Financial strength
Foresters Financial is an international financial services provider with more than three million clients and members in Canada, the United States and the United Kingdom. We provide life insurance, savings, retirement and investment solutions that help families achieve their financial goals and make a lasting difference in their lives and communities. Foresters Financial has assets of $17.8 billion
2, $15.8 billion in liabilities, total funds under management of $43.2 billion and a surplus of $2.0 billion
3. The Independent Order of Foresters, Foresters Life Insurance Company, and Foresters Life Insurance and Annuity Company has also each received an “A” rating from A.M. Best
4. We continue to invest in growth and expansion, while also maximizing our positive impact on families and communities.
Products
The Foresters Financial family of companies offers:
- In North America – A variety of retirement, investment and savings products and a range of life insurance products including individual term, whole life and universal life as well as annuities.5
- In the United Kingdom - A variety of retirement, saving, investment and protection products.6
Competitive scholarships
Up to 250 competitive scholarships are awarded each year to eligible Foresters members or their dependent children and grandchildren in the US and Canada and 150 in the UK.
1 For more information,
visit our Membership page.
Community support
Foresters Financial helps protect families and communities across North America and the U.K. through national charitable partnerships with KaBOOM!, Cash for Kids, and hundreds of local charities and community organizations chosen by our members.