Investment Committee
Composition
The Committee is composed of five members comprising directors, officers and an external expert appointed by the Board of Directors. The President and Chief Executive Officer chairs the Committee.
Members
Stéphane Rochon, Chair
Luc Bergeron, Vice-President, Insurance Operations and Chief Actuary
Marc Peliel, Vice-President, Finance
René Delsanne, Director
Michel Pelletier, External Consultant
Mandate
The Investment Committee is responsible for implementing investment and matching strategies appropriate to the Company. The Committee recommends the Company’s investment policy to the Board of Directors and ensures it is updated. It also monitors performance analysis and that the level of asset matching with the company’s financial commitments is consistent with the policy’s objective. In addition, the Committee ensures that the investment activities comply with the investment policy.
The Committee recommends the choice of investment managers to the Board of Directors, ensures they comply with the Company’s investment policy and that their performance is reviewed against the set objectives.
Humania Assurance’s Investment Committee also acts as LS-Travel’s Investment Committee, assuming the same responsibilities as set out above.
Activity Report
Throughout the year, the Committee analyzed manager performance on the portfolios of the Company and LS-Travel Insurance.
It conducted quarterly reviews of the investment policy compliance reports presented by the managers and reported to the Board of Directors.
The Committee members tracked the Company’s asset-liability matching and submitted quarterly asset-liability matching reports to the Board.
Fiscal 2019 was highlighted by another significant decline in long-term interest rates. Against this backdrop, the Committee worked on optimizing its portfolio investment and matching strategies to support the targeted returns and capitalization ratios.
Stéphane Rochon
Chair