GroupHEALTH Family of Companies Announces Executive Leadership Changes

Matt Hendrick named Chief Executive Officer; Gary Mitchell Appointed President, Corporate Third-Party Administration

Current CEO Matt Houghton to transition to Chair of the Board

SURREY, British Columbia--(BUSINESS WIRE)--
The GroupHEALTH Family of Companies today announced a series of appointments to support its growth and vision of transforming the way Canadians experience benefits.

• Matt Hendrick has been named Chief Executive Officer, effective January 1, 2023. Hendrick joined the company in 2009 and has held several leadership roles, including his current position as President of the GroupHEALTH Third-Party Administration (TPA) and Disability Management Institute divisions.

• Gary Mitchell will assume the role of President, Corporate TPA, effective January 1, 2023. Since 2013, Mitchell has served as President of GroupSource, a division within The GroupHEALTH Family of Companies, helping to consistently deliver strong financial performance and develop and enhance deep industry relationships. In his new role. Mitchell will lead the GroupHEALTH and GroupSource TPA divisions as they continue to grow and innovate within the Canadian group benefits sector.

• Matt Houghton, The GroupHEALTH Family of Companies’ current Chief Executive Officer, will transition to Chair of the Board. Mr. Houghton will continue to provide guidance on the company’s strategic direction and growth opportunities, as well as governance leadership.

“Matt Hendrick’s consistent record of high growth, strong financial performance and effective leadership makes him the ideal choice to lead The GroupHEALTH Family of Companies as CEO in this next phase of growth,” said Houghton. “I look forward to supporting him in my new capacity as Chairman of the Board.”

Houghton added, “The employee benefits industry is constantly evolving and I couldn’t be more excited for Gary to lead Corporate TPA division. Under his leadership, we look forward to harnessing the opportunities to increase our company’s growth and market presence by continuing to offer industry leading products and services.”

Mr. Houghton joined The GroupHEALTH Family of Companies in 2010 and has led the company to exceptional growth and profitability. In 2021, The GroupHEALTH Family of Companies was acquired by Munich Re New Ventures, a division of Munich Re, Canada (Life), and has since strengthened its position as one of Canada’s leading employee benefits providers and TPAs. Houghton's transition to Chair of the Board reflects his confidence in, and commitment to, the organization’s growth in the benefits market.

Bernard Naumann, President & CEO, Munich Re, Canada (Life & Health), commented on these changes: “We are delighted about Matt Hendrick’s appointment to the role of CEO for The GroupHEALTH Family of Companies and what this represents for the next chapter of our growth story. He has an excellent track record of success which, coupled with Matt Houghton’s ongoing involvement as Chair of the Board, will ensure the entrepreneurial culture that was built continues to thrive.”

About GroupHEALTH Family of Companies

As leaders in employee benefits plans and group insurance, the GroupHEALTH Family of Companies has more than 900 employees in offices in Vancouver, Surrey, Calgary, Edmonton, Etobicoke, Woodbridge and Barrie.

With annual premiums of CAD$ 850 million and CAD$ 7 billion in pension assets under management, GroupHEALTH insures more than 5,000 client organizations across Canada, in both the public and private sectors, supporting more than 400,000 Canadians and their families.

GroupHEALTH Benefit Solutions® (www.Grouphealth.ca) has acquired or holds substantial controlling interest in several exceptional Canadian companies including Disability Management Institute, GroupSource LP, and Manion Wilkins & Associates Ltd.

Munich Re, Canada (Life)

Munich Re is one of the world’s leading providers of reinsurance, primary insurance, and insurance-related risk solutions. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position, and innovative strength. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.

Munich Re entered the Canadian reinsurance market in 1959, and today, is a leader in the life and health reinsurance market in Canada. It serves its clients across Canada, the Caribbean, and surrounding areas from offices in Toronto and Montreal. Visit www.munichre.com/ca-life/en for more information.

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Media:
Mike McNamara
(860) 549 6442

[email protected]

Source: GroupHEALTH Family of Companies