Specialty Life Insurance (SLi) has appointed Jason (Jay) McMahon (pictured) as president and chief operating officer, effective April 6, the company announced.
In his new role, McMahon will oversee day-to-day operations while directing initiatives such as product shelf expansion and the development of new markets for the Concord, Ontario-based insurer, which focuses on no-medical life insurance options.
McMahon brings to the role 17 years of experience in the Canadian insurance industry to the role. He holds a Bachelor of Commerce, a Master of Science, and the Certified Health Specialist and Certified Financial Planner designations
McMahon began his career as a financial security advisor before moving into senior leadership roles focused on advisor development, training, and distribution at Canada Life. Most recently, he served as national vice-president of mass market insurance and investments at PPI, one of Canada’s largest managing general agents (MGAs), where he oversaw a team of business development professionals.
McMahon has also been active in industry organizations, including GAMA and LIMRA.
“The opportunity to work alongside talented people across this organization to serve more Canadians is deeply meaningful to me,” McMahon said.
“While many Canadians remain significantly underserved, I’m passionate about expanding our impact by helping more individuals and families access the insurance protection they need. I’m incredibly excited and honoured to take on the role of president and COO of Specialty Life Insurance.”
Founded in 2015 and headquartered in Concord, Ont., Specialty Life Insurance is owned by Insurance Supermarket International Inc. (ISI), a Canadian insurance brokerage.
In recent corporate disclosures, ISI has highlighted its expansion into multi-channel distribution across Canada and the US, supported by proprietary technology that enables real-time policy issuance and automated underwriting systems.
The company previously completed a US$100 million equity investment from Gallatin Point Capital, which it has described as supporting product expansion and international growth initiatives.
