Jacques Potvin, vice president and chief risk officer at Quebec City-based Industrial Alliance Insurance and Financial Services Inc. will succeed René Chabot as chief actuary starting Feb. 16, 2018, the firm announced Thursday.

Chabot — who joined IA in 1983 — will retire on Feb. 15, 2018 after more than three decades of service.  He became chief actuary in 2010 and has been a member of the firm's strategic planning committee since 2012.

"In addition to [Chabot's] trademark passion and energy that he brings to every endeavour, I want to pay special tribute to his unique blend of high-performance leadership and a sense of urgency dedicated to serving the long-term interests of IA Financial Group," says Yvon Charest, president and chief executive officer at IA, in a statement.

Potvin, a graduate of Université Laval in actuarial sciences, is a 27-year veteran with the company. He has occupied a variety of functions including corporate actuarial services, individual insurance sales and marketing, internal audit and capital management.