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.
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 Asset Management celebrates opening of new office by giving back to the community
(Toronto, ON, February 22, 2018) – Foresters Asset Management, a division of Foresters Financial™, celebrated the official opening of its new Toronto office by giving back to a worthy local cause...
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Foresters Financial appoints Blake Moore as the new President of NAAM
TORONTO--(BUSINESS WIRE)--Foresters Financial™, an international financial services provider, is pleased to announce Blake Moore as the new President of North American Asset Management, effective January 16, 2018.
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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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Foresters Financial Appoints James Boyle as Its New President and Chief Executive Officer
(Toronto, ON, December 18, 2017) – Robert Lamoureux, Chair of Foresters Financial Board of Directors, announced today the appointment of James Boyle as Foresters new President and Chief Executive Officer, effective January 8, 2018.
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Foresters Financial announces the amalgamation of Foresters Asset Management and Foresters Financial Investment Management Company of Canada and updates to the portfolio advisor of the imaxxFunds
(Toronto, ON, December 8, 2017) – Foresters Financial™, an international financial services provider, is announcing it is streamlining its Canadian asset management business, effective January 1, 2018.
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Foresters offers Emergency Assistance to members in Ottawa, Ontario
Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members in Canada affected by flooding in Ottawa, Ontario.
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Foresters Financial names Joel Mercado as its 2017 Community Involvement Award winner
(Toronto, ON, October 24, 2017) – Foresters Financial™, an international financial services provider is pleased to announce Joel Mercado, President and CEO of JVM Financial & Insurance, as our 2017 Community Involvement Award winner.
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Foresters Financial congratulates KaBOOM! on its 3,000th playground build
(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
(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
(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
(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
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
(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
(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
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™
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
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
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
(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
(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
(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
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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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.
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, Vice President and Chief Membership Officer
Mehul Kapadia, Chief Information Officer, Vice-President of IT and Business Transformation
David Longfritz, Global Chief Marketing Officer
Blake Moore, President, North American Asset Management
Suanne Nielsen, Global Chief Administration Officer and Corporate Secretary
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 $17.7 billion
2, $15.7 billion in liabilities, total funds under management of $45.1 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!, Ronald McDonald House Charities®, (RMHC ®), Cash for Kids, and hundreds of local charities and community organizations chosen by our members.