Western Announces New Chief Actuary

About this update from Western Investment Company Of Canada Limited

[{"type":"text","content":"Western Announces New Chief ActuaryTORONTO, ON / ACCESS Newswire / November 3, 2025 / The Western Investment Company of Canada Limited (TSXV:WI) (\"Western\") is pleased to announce the appointment of Keith Lau as Chief Actuary.Mr. Lau is an accomplished actuarial leader with over ten years of experience in the Canadian property and casualty insurance sector. He brings significant expertise in pricing, reserving and reporting and provides a valuable strategic addition to Western's growing decentralized insurance platform.Before joining Western, Mr. Lau served in a range of actuarial roles, most recently as Cover Genius' Head of Americas Pricing, where he helped to establish and scale the company's actuarial function in North America. Before his tenure at Cover Genius, Mr. Lau held various roles of escalating responsibility in the actuarial practice at PwC, where he led actuary and audit engagements, played a central role in IFRS 17 implementation and served as a trusted advisor to executive teams on matters related to capital, reserves and solvency. Mr. Lau also spent time at RSA Insurance as a Senior Actuarial Analyst on the pricing team. Mr. Lau holds a Bachelor of Mathematics from the University of Waterloo and is a Fellow of the Casualty Actuarial Society and the Canadian Institute of Actuaries.As Chief Actuary at Western, Mr. Lau will partner closely with Western's finance and accounting functions to apply actuarial best practices and ensure compliance with regulatory requirements. Mr. Lau will oversee Western and its subsidiaries' actuarial operations, including reserving, capital modelling, reviewing and maintaining liquidity, rating and reporting.\"I am delighted to welcome Keith to Western's executive team. His proven experience across both high-growth businesses and regulated environments aligns strongly with Western's long-term strategic objectives and will help us to drive Western's continued success,\" said Paul Rivett, Chief Executive Officer of Western.As part of Mr. Lau's compensation, Western has agreed to grant 806,452 restricted share units (RSUs) priced at $0.62 per share.  Fifty percent of these RSUs will cliff vest after five years, with the balance cliff vesting after 10 years.  The grant of these RSUs is subject to approval by the TSXV. It is Western's expectation that the shares necessary t...

More updates from Western Investment Company Of Canada Limited