Ownership Structure

Matt B. Houghton, BBE

Chair of the Board

Matt has gained a unique perspective in business through his extensive experience in the creation and management of successful companies in Canada, Mexico, USA and the Cayman Islands. He attributes his success in business to attracting great team members and building organizations that provide exceptional customer service.

As the current Chairperson, and previous CEO of GroupHEALTH Benefit Solutions Matt was proud to be part of an organization that is developing unique products and services for the Canadian benefits marketplace. GroupHEALTH is known for its client-centered approach, which provides highly innovative solutions that contain benefit costs and keep client programs sustainable. Matt scaled this company from 70 to over 1,000 employees before selling the business to Munich Re in March of 2021.

He is also Chair of the Board of FortCay Family Office, a Multi-Family Office domiciled in the Cayman Islands that provide advise to Families and invests in a variety of businesses.

Matt believes strongly in collaborating with and supporting other business leaders and as such, he is an active member of the Young Presidents Organization (YPO).

June Chen, MS, MA

CEO & President

Holds Master’s degrees in science and mathematics from the Liaoning University of China and the University of Miami, respectively. During her over 20-year career, Mrs. Chen has worked as a software developer and actuary for a pension consulting company, a pension software company, and a life insurance company. She joined IRM in 1996 as director of underwriting and technical services, was promoted to senior vice president in 2004 and appointed CEO and President in December 2007.

Lloyd Steinke, B Math, FSA, FCIA

Strategic Consultant

Is a Strategic Consultant of IRM and a former Executive Vice President of Munich Reinsurance Company in Canada and the United States with responsibility for the general management of numerous functions and geographic areas, including the Caribbean market. He has an actuarial degree from the University of Waterloo and is a Fellow of both the Canadian Institute of Actuaries and the Society of Actuaries. In 2006, he was the project manager of a team which was charged with developing a global strategy for Munich Re’s life business. He is a past President of the Canadian Reinsurance Conference.