Accelerating gender equity in finance
Pro-Demnity Insurance Company (“Pro-Demnity”) is a wholly owned subsidiary of the Ontario Association of Architects (the “OAA”). Founded in 1889, the OAA is a self-regulating organization governed by the Architects Act, a statute of the Government of Ontario. The OAA is dedicated to promoting and increasing the knowledge, skill and proficiency of its members, and administering the Architects Act, to serve and protect the public interest.
Pro-Demnity provides mandatory professional liability insurance to architectural practices in Ontario, as prescribed by the Architects Act and its regulations. For those firms that choose limits above the mandatory minimums, Pro-Demnity also provides higher limits, competing with other professional liability insurance providers. In addition, the Company provides a unique Risk Alliance offering, combining a series of structured risk education materials and sessions, risk management tools, and unstructured one-on-one risk guidance and peer consulting. The Company has a robust underwriting and claims management capabilities, excellent relationships with its reinsurers, and a solid capital base. The company is committed to a culture of diversity, equity, inclusiveness, and belonging.
Pro-Demnity’s origin is as the OAA Indemnity Plan, started in 1987 to provide professional liability coverage to Ontario architectural practices. In 2003, we were incorporated as a licenced insurer, regulated by the Financial Services Regulatory Authority of Ontario (“FSRA”). We have a permanent staff of 33. Our 13-person Board of Directors is made up of architects and non-architects, the majority independent of the OAA. We are a diverse board representing experienced backgrounds in finance, industry, professional services, and many possess ICD.D certification. The Company is a Corporate Member of the Institute of Corporate Directors. Information about Pro-Demnity is available on its website www.prodemnity.com.
Senior-level
Not Specified
Pro-Demnity Board of Directors consists of 13 Directors, including the Pro-Demnity President & CEO, and the Senior Vice President & Treasurer of the OAA; the latter two being ex-officio directors. Of the remaining 11 Directors, six are Ontario architects (two from the OAA Council, the remainder not on OAA Council) and five are independent Directors from industries other than architecture and whose expertise and experience will assist the Board in fulfilling its responsibilities.
The Board composition is driven by a skill matrix, together with the need for future skills, refreshment, and committee mandates.
This year, Pro-Demnity is seeking a director with experience in finance and investment. A forward-thinking individual with an inquisitive mind would fit in well with our Board and strategic direction. An understanding of the operations of a regulated, privately-held company, professional liability insurance (or, more broadly, property and casualty insurance) would be welcomed although this is not mandatory.
Please submit the following information in either a .pdf or .doc format. Applications should be submitted not later than November 30, 2024 by email to Dilhara Perera, Assistant Corporate Secretary (DilharaP@prodemnity.com )
By submitting the names of these references, you explicitly authorize the referees whose contact information you provide to Pro-Demnity to submit, in written, oral, or electronic form, to Pro-Demnity Insurance Company information pertinent to the evaluation of your application for membership on the Pro-Demnity Board of Directors.
For each referee, the following information is requested
-Name of Reference
-Organization they currently work with, if applicable
-Their Title and Position within their Organization
-E-mail and phone number(s)
-Nature of your relationship with the Reference.
Confirm your consent to Pro-Demnity releasing all information contained in this application to The Ontario Association of Architects, as part of Pro-Demnity’s director nomination and election process
-A completed Competency Self-Assessment
-Your Curriculum Vitae
