Foresters Financial Appoints Matt Berman as Chief Executive Officer

(Toronto, ON,16th January 2024 ) – Dan Fortin, Foresters Financial Chair of the Board, announced today the appointment of Matt Berman as President and Chief Executive Officer, effective immediately.

Mr. Berman was named President of Foresters Financial US and Canada in March 2023. Earlier, he served as President, of Foresters Financial US and, before that, as Chief Distribution Officer and President of the insurer’s former subsidiary, Foresters Life Insurance and Annuity Company (FLIAC).

Speaking on Mr. Berman’s appointment, Mr. Fortin said, “On behalf of the Board of Directors, I’d like to congratulate Matt on this well-earned appointment. We have the utmost confidence in Matt’s leadership – he has a deep understanding of our organization, values, and the ever-changing dynamics of our industry. Matt has accomplished a great deal during his tenure at Foresters; his contributions and guidance will continue to be invaluable to our future success. As Foresters celebrates its 150th anniversary this year, Matt will usher in a new era of innovation in the solutions we provide to our members and the advisors who serve them.

The Board would also like to thank René Zanin for his contributions as Forester’s Interim President and Chief Executive Officer. René is a key member of our executive team, and we commend him for seamlessly leading the organization during this transition period.”

Mr. Zanin will assume his previous responsibilities leading Foresters Legal and Compliance teams, while assuming additional responsibilities overseeing Member Experience, Engagement, Governance and Development. His new title is Global Chief Legal, Compliance and Membership Officer.

“It is my distinct honor to be named Foresters Chief Executive Officer,” said Mr. Berman. “I would like to thank the Board for their vote of confidence; I am truly humbled and grateful. It’s incredibly rewarding to lead an organization that not only provides a pivotal service to families but also boasts such a rich culture, purpose and lasting impact within our communities. I am excited about our future as we continue to focus on exceptional experiences for our members and their advisors.”

Mr. Berman has played a pivotal role in advancing strategic initiatives in both the US and Canadian markets, spearheading the transformation of Forester’s distribution channels, product portfolio, operations, and underwriting. His notable achievements include new agent-intermediated and direct-to-consumer sales partnerships, diversifying the product portfolio, and a relentless commitment to enhancing the digital customer journey. Mr. Berman also championed a culture of well-being by introducing first-in-market products and member benefits protecting individuals living with diabetes. Throughout his tenure, Mr. Berman has been essential in fortifying the Foresters brand, implementing internal controls, and fostering a culture of innovation.

Mr. Berman joined Foresters Financial in February 2017 and has 30 years of experience leading strategic planning, distribution and product management in both the property and casualty and life and savings insurance sectors, most notably with AXA, AIG and Zurich Insurance.

Mr. Berman holds a Master of Business Administration from New York University, Stern School of Business and a Bachelor of Arts in English from the University of Pennsylvania.

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