Canada Life Reinsurance joins an Investment Partnership Focused on Affordable Housing, Communities of Color.
May 2, 2022
Canada Life Reinsurance has become a founding partner of a new non-profit investment organization dedicated to exponentially expanding the life insurance industry’s capability to invest in affordable housing initiatives. The non-profit investment partnership is an affiliate of the Washington, D.C.-based American Council of Life Insurers - ACLI, the leading trade association of the life insurance industry. Canada Life Reinsurance is an ACLI member.
Jeff Poulin, CEO of Canada Life Reinsurance: “This is a great project that will have an impact in many communities, and Canada Life Re is excited to participate in it. It shows the life insurance industry has the right values and not only helps families with their financial security but also contributes to helping the communities in which they do business. It provides Canada Life Reinsurance with a way to enhance the social impact of our investments. It also provides a way for the life insurance industry to harness its capital strength to help close the racial wealth gap and drive upward mobility in communities of color by making housing affordable and sustainable in underserved communities."
