Foresters Monetary names new CEO

Foresters Monetary has appointed Matt Berman (pictured) its new president and chief government officer.

The announcement was made by board chair Dan Fortin, who congratulated Berman on his new position.

“We have now the utmost confidence in Matt’s management,” mentioned Fortin, talking on behalf of the board. “He has a deep understanding of our group, values, and the ever-changing dynamics of our trade.”

Since becoming a member of Foresters Monetary in February 2017, Berman has been pivotal in reworking distribution channels, product portfolio, operations, and underwriting within the US and Canadian markets.

His notable achievements embody establishing new agent-intermediated and direct-to-consumer gross sales partnerships and enhancing the digital buyer journey.

He additionally contributed to introducing merchandise and member advantages designed to guard people with diabetes.

Berman was named president of Foresters Monetary US and Canada in March 2023. His different roles embody chief distribution officer and president of the insurer’s former subsidiary, Foresters Life Insurance coverage and Annuity Firm (FLIAC).

“Matt has completed an excellent deal throughout his tenure at Foresters,” Fortin mentioned. “His contributions and steering will proceed to be invaluable to our future success. As Foresters celebrates its one hundred and fiftieth anniversary this yr, Matt will usher in a brand new period of innovation within the options we offer to our members and the advisors who serve them.”

Zanin will resume his earlier obligations overseeing Foresters’ authorized and compliance groups. He will even tackle extra roles associated to member expertise, engagement, governance, and improvement.

Zanin will assume the title of worldwide chief authorized, compliance, and membership officer.

What are your ideas on this story? Be happy to remark beneath.