Teachers Life announces new CEO

Toronto-based Teachers Life announced Kayte Fredrickson as its CEO. Fredrickson will be responsible for growing both Teachers Life and its division Nowly , a new digital life insurance provider.

Kayte Fredrickson brings more than 20 years’ experience in senior roles in the insurance industry, most recently as a VP of Insurance with the Ontario Medical Association, a member- services organization representing more than 43,000 physicians. She also led an innovation-focused team at Munich Re, and held positions with other insurance organizations, including Desjardins, Swiss Re and Manulife Financial.

“Kayte has extensive experience in areas that are integral to the CEO role at Teachers Life, including insurance, innovation, and member services — a background that will serve her well in her new role. This is especially important as Teachers Life expands its offerings to include nowly, and to our mission to improve the health and well-being of our communities.” – Lori Foote, chairman of the board of directors for Teachers Life.

“Teachers Life has long been invested in closing the life insurance gap by making life insurance accessible and easy for underserved communities across Canada. While the industry has made big strides in modernization over the past several years, very few incumbent insurers are willing to be disruptive. Teachers Life is an exception, as it has demonstrated with the launch of nowly. It’s an exciting time to join the team and lead the drive for both innovation and growth in the years to come.” – Kayte Fredrickson, CEO, Teachers Life.