Montréal, May 18, 2017 – Michel Chapdelaine, Chairman of the Board of Groupe Ultima, announces the departure of Bernard Deschamps from the position of CEO, which he occupied since April 2014, as well as from 2000 to 2007. Mr. Deschamps will leave on June 19 to take on the duties of CEO of La Mutuelle des municipalités du Québec (MMQ).
“On behalf of the board, I want to thank Bernard for his work at the company’s helm over the last three years,” said Michel Chapdelaine. “During his previous term with Groupe Ultima, from 2000 to 2007, he had been the primary architect in founding the MMQ. I am pleased with his nomination to that organization and I firmly believe he is the best candidate to lead it.”
Bernard Deschamps’ 2014–2017 term
Following a strategic planning review at the end of 2013, Groupe Ultima established two directions the company would follow in the coming years: optimizing technological investments and repositioning Groupe Ultima as a wholesaler for Quebec brokers. Mr. Deschamps was named leader of Groupe Ultima at that time. He guided the company as it undertook this shift and repositioned its insurance and technology products and services.
Since April 2014, Mr. Deschamps has increased the profitability of the IT division, strengthened the company’s partnership with the MMQ and increased the value of the company’s insurance product line through the hiring of specialized staff and the development of new products.
Groupe Ultima continues to focus on its mission
Starting on June 19, 2017, Daniel Tousignant, Vice-President—Insurance, will become the Interim CEO. He will be assisted by Johanne Cassis, Vice-President—Finance, Administration and Human Resources.
Determined to remain a leader in specialized insurance and technology, and drawing on its values of dynamism, partnership and innovation, Groupe Ultima will continue to pursue its mandate with the support of this new team.
Founded in 1983, Ultima is an industry leader in specialized insurance and risk management solutions. It offers a one-of-a-kind partnership drawing on the innovation and strength of its extensive broker network. Ultima’s promise is to offer products and services tailor-made for a targeted clientele and to demonstrate its ability to meet the needs of that market.
For more information:
Chairman of the Board