Club Vita Strengthens Canadian Team to Support Continued Growth

Business Wire

TORONTO--(BUSINESS WIRE)--
Club Vita, an international leader in longevity data analytics, today announced recent key appointments and promotions in its Canadian team to support its continued growth. Joining the team are Michael Reid (Head of Pensions North America), Alexandra Sonnenwirth (Director, Client Delivery) and Mia Marcellus (Longevity Modeller), together with the recent promotion of Shantel Aris (Head of Longevity Experience Studies).

Richard Brown is also stepping down from his position as Canadian Chief Operating Officer. Brown was Club Vita’s first joiner in Canada in 2015. Over the last eight years, he has overseen its growth from a startup to a network of around 100 large pension funds pooling their mortality data, with a collective data set approaching 1m retirees. Club Vita now also helps several insurers in their pension risk transfer offering, with transaction volumes rising rapidly as interest rates rise and annuity prices fall. Michael Reid is taking on Brown’s Canadian leadership responsibilities.

Brown commented “I am grateful for the opportunity to have served Club Vita for the past eight years. I have enjoyed working with such a talented and dedicated team, and I am proud of the work we have accomplished together.”

“I am honored to be taking on this new role,” said Reid “I am excited to work with the team to continue to grow and provide outstanding services to the full eco-system of Canadian defined benefit longevity risk stakeholders. I am confident that we can achieve great things together.”

About Club Vita:

Club Vita is an independent longevity data analytics company, which facilitates the accumulation and pooling of data underlying the longevity patterns of retirees with annuity benefits. We work primarily with workplace defined benefit (DB) pension funds and their advisors in the UK, Canada and the US. to help them understand their emerging longevity patterns, to drive more informed strategic decisions and to embed best-practice risk-management into their governance frameworks. We also support financial institutions that manage longevity risk: insurers, reinsurers and asset managers, helping them offer attractive longevity risk protection products in a tech-enabled, efficient manner. Our current international community is approaching 500 pension funds, 7 pension advisory firms and 30 (re)insurers. Across our three clubs, we are tracking the survival patterns of a diverse population of over five million people with benefits in workplace pension plans.

For further information, please visit www.clubvita.net and follow Club Vita on LinkedIn.