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Changes to the Executive Management at Optimum Group

MONTREAL, QUEBEC -- (Marketwired) -- 05/02/14 -- On Wednesday, April 30, 2014, Optimum Group Inc.'s Board of Directors appointed Ms. Anabelle Blondeau as the company's new President and COO, and Mr. Jean-Claude Page as Vice-Chairman of the Board and CEO. These appointments were made as part of the management team's succession planning process, which begun in 2009.

Over the past 23 years, Ms. Blondeau has helmed important development and management positions in Canada, in the US, and in France. She is President and CEO of the casualty and property insurance sector in Canada, and she manages the group's operations in France. Before this appointment, she was Executive Vice-President and COO, Treasurer at Optimum Group Inc. She is also a Board member of all of the organization's subsidiaries.

Ms. Blondeau holds a Bachelor's degree in Accounting and is certified as a Chartered Professional Accountant (CPA) in Quebec, Chartered Management Accountant (CMA), Fellow of the Society of Actuaries (FSA) and actuary of France's Institut des Actuaires (IA). Ms. Blondeau's skills and extensive experience within the company will surely enable her to contribute to the Group's continued success, which stretches back 45 years.

Mr. Jean-Claude Page has worked as Optimum Group's President and COO from 1995 to 2012, and as President of Optimum Group since April 2013. In October 2011, Mr. Page once again took over management of life insurance and reinsurance holding Optimum Re Inc. and, since 2012, has helmed this division as President, a position he will continue to hold as part of the new structure.

Mr. Page, B.A., B.Sc., FICA, FSA, has been intensively involved within Optimum Group since 1976. He boasts renowned expertise and extensive experience in the actuarial, reinsurance, property and casualty insurance and financial services fields. Throughout his professional journey, he has cultivated a large network of partners across the North American and European financial sectors, and built a solid reputation within these various markets.

Ms. Blondeau and Mr. Page have the full support of Mr. Gilles Blondeau, Chairman of the Board, as well as Group Optimum Inc.'s Board members, who count on their know-how and experience to help drive the company's healthy growth and ensure its sustainability.

Optimum Group's 2013 results

On April 30, Optimum Group published its 2013 results: return on equity (ROE) totalled 12.7%. For shareholders, the return was 16%, including dividends paid during the year. "These excellent results reflect the Group's financial strength and sustained growth, despite the low interest rate environment that has prevailed for the past few years, said Ms. Anabelle Blondeau, President and COO of Optimum Group Inc. Our company's stability and steady growth are driven by our stringent risk management approach, as well as the corporate values that have been an integral part of our culture for the past 45 years."

The financial group has also presented the Optimum Enterprise Award to Optimum Asset Management Inc. for the sustained development of its assets under management and for growing its profitability.

About Optimum Asset Management Inc.

Optimum Asset Management, a subsidiary of Optimum Group Inc. founded in 1985, manages $6.5 Billion of assets for an institutional clientele, consisting mainly of pension funds, foundations, religious orders and insurance companies. The company also has a private wealth management clientele.

About Optimum Group Inc.

Founded in 1969 by actuaries, Optimum Group is a private international financial group active in life insurance, property and casualty insurance, life reinsurance, actuarial consulting and asset management. Optimum Group operates mainly in Canada, the US and France, and counts more than 500 employees worldwide.

Contacts:
Source:
Anne-Marie Morrison
Director of communications
Optimum Group Inc.
(514) 288-2010

Information:
Anabelle Blondeau
President and COO
Optimum Group Inc.
(514) 288-2010

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