Definity Adds KPMG Canada COO Silvia Montefiore to Board
Event summary
- Silvia Montefiore, former COO of KPMG Canada, joins Definity's board on July 2, 2026.
- Montefiore led a multi-year transformation at KPMG that boosted firm revenues.
- Definity reported $6.3B in gross written premiums (pro forma) and $4.1B in equity as of March 31, 2026.
- Montefiore brings AI-driven operational expertise and audit experience for large publicly-listed companies.
The big picture
Definity is bolstering its board with operational and digital transformation expertise as it scales up. The move comes amid a push to solidify its position as one of Canada’s top property and casualty insurers, following the Travelers Transaction integration. Montefiore's background in large-scale transformations aligns with Definity's ambitions to modernize processes and enhance underwriting discipline.
What we're watching
- Digital Transformation
- How Montefiore's AI and digitization experience will shape Definity's tech strategy.
- Growth Ambitions
- Whether her operational expertise accelerates Definity's push to become a Canadian insurance champion.
- Board Dynamics
- The impact of Montefiore's audit background on governance and risk oversight.
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