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Foresters Financial Names Alvin Sharma as New Global Chief Financial Officer

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Foresters Financial™, an international financial services provider, is
pleased to announce the appointment of Alvin Sharma as our new Global
Chief Financial Officer, effective September 17, 2018. He will be based
in Toronto.

Alvin has broad financial experience, most recently with Echelon
Insurance where he is Chief Financial Officer. He has a wide breadth of
experience across a number of areas including corporate finance,
investments, global treasury and capital management, as well as
regulatory and rating agency management. Alvin also has extensive life
insurance and asset management experience in the U.S., the U.K. and
Canada.

"Alvin's deep background in the financial industry makes him a
tremendous asset to Foresters," said Jim Boyle, President and Chief
Executive Officer, Foresters Financial. "I have full confidence he will
provide timely and insightful counsel. We're excited to have Alvin join
the Foresters team and participate in our future growth."

Alvin is both a Chartered Accountant (U.K.) and a Chartered Financial
Analyst (CFA) Charterholder, and holds an honors Bachelor of Science
degree from the University of Warwick (U.K.) and a Master of Business
Administration from the University of Michigan.

About Foresters Financial

Foresters Financial is an international financial services provider with
more than three million clients and members in Canada, the United States
and the United Kingdom. We provide life insurance, savings, retirement
and investment solutions that help families achieve their financial
goals and make a lasting difference in their communities. Foresters
Financial has assets of $17.7 billion, liabilities of $15.7 billion,
total funds under management of $45.1 billion and a surplus of $2
billion (all figures in Canadian dollars as of Dec. 31, 2017). For more
information, visit foresters.com.

Foresters Financial and Foresters are trade names and trademarks of The
Independent Order of Foresters (a fraternal benefit society, 789 Don
Mills Road, Toronto, Canada M3C 1T9) and its subsidiaries.

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