Headquarters:

Calgary, AB

Year founded:

1999

Number of employees:

Phone:

403 231 7600

Email:

hroperations@fidelity.ca

Website:

mancal.com

LinkedIn:

linkedin.com/company/fidelitycanada

“We prioritise embracing cutting-edge technologies, creative problem solving and continuous improvement to enhance our premium funding solutions and provide exceptional value to our clients”

Brett Bastow, IQumulate Premium FundinG

Steve Letwin

President and CEO

Dave Whelan

Chief Financial Officer

Andrew Grasby

General Counsel and Corporate Secretary

Leadership

Steve Letwin has been a member of the Mancal board of directors since the Company’s inception in 1999. In February 2020, Mr. Letwin was appointed President and Chief Executive Officer of Mancal Corporation. Prior to joining Mancal, Letwin was president and chief executive officer of IAMGOLD Corporation for over nine years. During this time, he also served as a member of the company’s board of directors. Prior to joining IAMGOLD, he was executive vice president, gas transportation & international of Enbridge and was based in Houston, TX. While with Enbridge, he had overall responsibility for Enbridge Energy Partners and its US operations and was responsible for all of Enbridge’s natural gas operations, including the Alliance and Vector natural gas pipelines. Throughout his career, Letwin has actively demonstrated his commitment to voluntary leadership. His most recent community affiliations have included director, corporate campaign committee of Texas Children’s Hospital, patron of UNICEF Alberta, and director of the YMCA Calgary. For his commitment to the community, Letwin was awarded the 2006 Alberta Centennial Medal.

President and CEO

Steve Letwin

A proud University of Alberta graduate, Dan Whelan earned a Bachelor of Commerce degree before joining Price Waterhouse, where he went on to obtain his Chartered Accountant designation. His education and experience have laid the foundation for a successful career in finance, accounting, tax, and management of family-owned entrepreneurial enterprises. With his innate analytical skills and unwavering integrity, Whelan continues to proactively apply the insights derived from his experience to effectively assess, define, and execute the company’s strategic financial objectives.

Chief Financial Officer

Dave Whelan

Andrew Grasby joined Mancal as general counsel and corporate secretary in March 2022. He has more than 30 years of experience in corporate, commercial, and securities law and has served as an officer and director of numerous public, private, and not-for-profit entities. Grasby holds a Bachelor of Commerce degree, major in accounting, from the University of Calgary, a Bachelor of Laws degree, and an MBA from Dalhousie University. He is a member of the Law Society of Alberta and the Law Society of England and Wales. In addition, Grasby is a Chartered Financial Analyst and a member of the Institute of Corporate Directors (ICD.D).

General Counsel and Corporate Secretary

Andrew Grasby

BRETT BASTOW, IQUMULATE PREMIUM FUNDINGs

Leadership

Lisa Bartko

Vice President Administration

Lisa Bartko joined Mancal’s HR team in September 2017. She has extensive experience in a variety of industries, including environmental/engineering consulting, oil and gas, and real estate. She has a successful track record of building teams, developing leaders, and elevating the performance of those around her. Bartko currently oversees the HR, administration, and information technology functions at Mancal. She is a graduate of the University of Lethbridge, Bachelor of Management program with a major in human resources, as well as the ICD.D’s Director Education Program.

Vice President Administration

Lisa Bartko

Julian Mannix

President, Mancal Properties

Julain Mannix is a fourth-generation owner and president, continuing to grow and build upon the foundation and legacy established over 125 years ago. The Mancal Group has designated operating companies in core industries (energy, real estate, coal, private equity, portfolio management). With an opportunistic global outlook and a focus on Western Canada, Mancal’s commitment remains steadfast on the development of our areas of expertise. Mannix is a graduate of Florida Atlantic University’s Bachelor of Business Administration program with a major in management and the Harvard Owner/President Management program. He also lends his knowledge as a board member on the Carthy Foundation, a private family initiative supporting national and regional charities.

President, Mancal Properties

Julian Mannix

Stevens & Associates Lawyers is a leading and trusted employment law firm based in Sydney known for delivering high-quality legal expertise in the area of employment law and industrial relations across Australia, alongside a proven track record of effectively and swiftly resolving a variety of workplace law issues. In the past year, the firm’s growth has been notable. It has: • experienced a 213% growth in the number of client matters, increasing from 149 client matters in the 2022 financial year to 390 client matters in the 2023 financial year • improved its online visibility, leading to over 50 online enquiries each month and a conversion rate of client leads of up to 40% • significantly expanded the breadth and type of matters that it advises on day to day, which has increased the firm’s skillsets, diversity and resilience • expanded its community outreach by collaborating with local Sydney venues for client seminars and continuing active participation in a Sydney small/family business group Stevens & Associates Lawyers has adapted to digital trends by implementing an effective strategy with SEO and web design, resulting in a structural shift that has seen increased representation of employees where the firm previously mainly advised employers. The firm’s recognition as a “Fast Firm” attests to its momentum in the employment law space.

“IQumulate is on a technology journey, and we’re just getting started”

Wayne Tower, IQumulate Premium Funding

Byron Lutes

President, Mancal Energy

Steve Feick

President, Manvest

John Parkhill

Senior Manager, Mancal Coal

Pam Chhabra

Manager – Residential Strata

Byron Lutes was appointed president of Mancal Energy in May 2018. Lutes worked previously at Mancal Energy for five years from 2003 to 2007 as vice president, operations. Lutes has over 30 years of industry experience, of which 25 years have been in senior positions, including president and CEO and vice president roles in engineering, marketing, business development and operations. Lutes has held roles with Koch Industries, Southern Pacific Resource, Hunt Oil, Newport Petroleum and Suncor Energy. Lutes has been an active member of the Canadian Association of Petroleum Producers for over 20 years and is currently serving on the Executive Committee of the Board of Governors and as chair of the Audit Committee. Lutes graduated from the University of Calgary with a Bachelor of Science in Chemical and Petroleum Engineering. He is a member of APEGA.

President, Mancal Energy

Byron Lutes

Steve Feick leads the Manvest team at Mancal. He and his team have a broad mandate as a private capital investor in opportunities that provide diversity, foster innovation, growth, and long-term value to the Mancal Group. Feick has built on a track record of success to develop and grow the portfolio of investments in agriculture, finance, supply chain, infrastructure technology, energy efficiency, and data analytics. As a former entrepreneur, he ensures that his operational and investor experience elevate the growth of the portfolio of investments. Since joining the Group in 2011, Feick has held various positions within Mancal, including vice president, special projects and president, Mancal Coal. Prior to Mancal, he was involved in starting and growing several businesses in the sporting goods manufacturing, marketing, and distribution space. He was the CEO and president and director at GRAF Canada (a former Mancal portfolio company), a leading manufacturer and marketer of high-end skating and sporting goods products that had a successful exit to a large Canadian private equity firm. He holds a Bachelor of Science degree in chemical engineering from Queen’s University and completed the Stanford Executive Program in Strategy & Organization. Feick brings deep operational experience, a drive to mentor management teams and a focus on corporate governance. He is a current board member of Sulvaris, Nautilus Data Technologies, Eau Claire Distillery, and 4iiii Innovations.

President, Manvest

Steve Feick

John Parkhill joined Mancal Coal in 2015 and is leading the execution of our strategic initiatives in the company. Key areas of focus include expanding Mancal Coal’s coal royalty segment, strengthening key stakeholder relationships, and leading coal technology pursuits. Prior to joining Mancal Coal, Parkhill held the role of project mining engineer with Golder Associates. He is a graduate of Queen’s University with a Bachelor of Science in mine mechanical engineering.

Senior Manager, Mancal Coal

John Parkhill

Stephen McMillan first entered the financial services Industry when he joined GE Capital as a finance analyst in 2008, from which he progressed through roles working both onshore and offshore. From there, he moved into Pacific Premium Funding as a financial planning and analysis leader in 2012 and was a key resource in the evolution of the business, first with the successful sale to Macquarie Pacific Funding and then the following progression into IQumulate Premium Funding, where he is now the commercial manager. As commercial manager, McMillan leads a team that is responsible for commercial analysis and business support, identifying and reporting improvement initiatives, and the securitization and treasury functions of the business.

Commercial Manager

Stephen McMillan

One culmination of these efforts has been the real-world, needs-based IQEdge solution. A one-stop online quoting tool designed for both the Australian and New Zealand markets, IQEdge delivers quotes in under 60 seconds. Plus, the solution offers quote comparison and quote versioning capabilities, enabling users to review vital historical and financial data in a single page view. IQEdge can streamline and automate application processing, underwriting document verification and payment collection, cutting the need for manual labour and minimising processing errors. A digital “self-service” platform, IQEdge, reduces the need for customer and administrative support. Meanwhile, borrowers can access their accounts, make payments and manage their policies independently and through sales and support teams, which are always available for further assistance. “We’ve created a quality platform that simplifies the quoting process yet amplifies the customer experience,” says Gordon. “It’s a real game changer.” IQumulate offers an online digital quoting tool to clients. The best-in-market solution enables IQumulate to tailor funding offerings to brokers that align with their prefered distribution channel.

Read on

IB Top Brokerages

Award Winner

MANCAL CORPORATION

SPECIAL REPORT

Home

Bio

Read on

Award Winner

SPECIAL REPORT

Home

Bio

Read on

Award Winner

SPECIAL REPORT

Home

Bio

Medal

Strata cover

Brokers’ Pick

Broker's Pick – Personal Accident and Illness Insurance

Turnaround time – claims

BDM support

Broker communication, training and development

Overall service level

BDM support

Medal

Overall service level

Broker communication, training and development

BDM support

Turnaround time – claims

Broker's Pick – Personal Accident and Illness Insurance

Brokers’ Pick

Strata cover

What does IQumulate have in mind for the future? “IQumulate is on a technology journey, and we’re just getting started,” says Wayne Tower, CEO. “Through continuous engagement with our clients, partners, marketplace and industry, we will listen to the needs as they arise and position our business to be agile and respond to changes as they occur. “Faster decision-making innovations such as AI-powered decision support systems can expedite the underwriting and approval process, leading to quicker responses to clients. This can improve client satisfaction and potentially attract more business, with the potential to allow IQumulate to capture a larger market share, whilst continuing to deliver service excellence to clients.” “As forward-thinkers with a digital and ‘do it better’ mindset, we collectively and proactively look to learn and improve on our customer experience for our clients, paving the way for successful business outcomes for our clients and our business in the coming years ahead. “We’re excited for the future and look forward to what’s on the horizon.”

IQumulate invests in education and people, which are vital to attracting new business and talent to the company. “We have long tenures for several of our key staff, including some in leadership positions, and this sound working knowledge of our business, practices and industry provides great insights and a wealth of experience to offer our clients,” says Bastow. “Our new head of sales, Graeme Gordon, formerly manager for New Zealand, joins us in Australia to drive our sales strategy and lead our team to successful outcomes for our clients and our business. We look forward to great things ahead with Graeme as he continues to be active and present in the New Zealand market as well as building sound working relationships and new connections in Australia.” Clients can also expect a lot from working with IQumulate. “Through active engagement with our trusted broker network, IQumulate provides relevant information, education and training content,” says Graeme Gordon, head of sales. “Our clients can expect IQumulate to support their business in several ways, providing an understanding of what premium funding solutions are available and how IQumulate can spread the cost of insurance and help borrowers get the right level of insurance cover to free up their cash flow for other expenses or business growth opportunities. Premium funding is often considered a tool for those who simply cannot afford to pay their premiums in full. While this is certainly a significant driver for many, it is also successfully used by profitable companies who use premium funding to manage their cash flows more wisely or better manage their liquidity.”

What does IQumulate have in mind for the future? “IQumulate is on a technology journey, and we’re just getting started,” says Wayne Tower, CEO. “Through continuous engagement with our clients, partners, marketplace and industry, we will listen to the needs as they arise and position our business to be agile and respond to changes as they occur. “Faster decision-making innovations such as AI-powered decision support systems can expedite the underwriting and approval process, leading to quicker responses to clients. This can improve client satisfaction and potentially attract more business, creating a competitive advantage with the potential to allow IQumulate to command premium pricing or capture a larger market share. “As forward-thinkers with a digital and ‘do it better’ mindset, we collectively and proactively look to learn and improve on our customer experience for our clients, paving the way for successful business outcomes for our clients and our business in the coming years ahead. “We’re excited for the future and look forward to what’s on the horizon.”

Adam Basaldella

Manager – Claims

Product Manager

Claire Watson

Commercial Manager

Stephen McMillan

Claire Watson

Product Manager

Claire Watson

Product Manager

Claire Watson

“Our training empowers professionals to return to work with enhanced confidence, practical tools, and a deeper understanding of their workplace dynamics”

Alison Darling, Queen’s University IRC

“We offer both in-person and virtual formats, removing barriers related to geography, cost, or scheduling, while maintaining the high standards of quality for which Queen’s IRC is known”

Alison Darling, Queen’s University IRC

Ivan Verescuk

Chief Executive Officer and Managing Director

Shaun O’Brien

Head of Underwriting

Emily Walker

Head of Strata and Development

Rex Oakman

Head of Operations and Risk

Sandy Newton

Head of Underwriting

Andrew Mitchell

Manager – NSW

Michael Prokopis

Manager – Southern Region

Pam Chhabra

Manager – Residential Strata

Jeffrey Valdivia

Manager – Commercial Strata

Adam Basaldella

Manager – Claims

Mancal Corporation is a privately owned company based in Calgary, AB. With over a century of business experience, Mancal Corporation has developed a strong foundation rooted in the values and insights gained in over 125 years of business experience. Today, this small but mighty company of just over 80 employees (and counting) is committed to fostering engagement and transparent communication with all stakeholders, prioritizing health and safety for both people and the communities in which it operates. The Mancal group is comprised of a diverse portfolio of successful companies including Mancal Energy, Mancal Properties, Mancal Coal, and Manvest. The team is very proud of its Canadian roots and positions Mancal to be profitable and sustainable into the future.

A unique differentiator is the IRC’s Labour Relations programming, which brings together union and management perspectives in a neutral, respectful space. Participants also benefit from digital badges and customizable certificates that recognize and validate professional achievements. Other programs, such as Building and Leading Teams and Managing Workplace Conflicts, support healthier communication, which in turn reduces interpersonal friction and lowers absenteeism and turnover. Strategic partnerships, a client-centric approach, and forward-thinking innovation contribute to IRC’s status as a trusted partner in workforce development. Its 96 percent satisfaction rate and rising demand for custom programs (a 60 percent increase over two years) underscore its market leadership and commitment to excellence. Another of Queen’s IRC’s impactful strategies has been its commitment to future-proofing professional development. The organization has overhauled 60 percent of its curriculum, introduced programs like Workplace Equity, Diversity, and Inclusion, and leveraged data from over 300 professionals in its 2025 HR Trends Report to guide its evolution. Dual-delivery models and learning via webinars ensure accessibility and sustained engagement. Organizations and individuals engaging with Queen’s IRC see tangible results: improved leadership capabilities enhanced conflict resolution stronger team cohesion better labour-management relations Winning industry accolades, such as being recognized in Canadian HR Reporter’s Readers’ Choice 2025 list, only compounds Queen’s IRC’s resolve to innovate. With a legacy of excellence and a bold vision for the future, the organization continues to empower HR professionals to thrive. Darling reflects, “With our clients and participants as partners, we will continue creating meaningful, relevant, and high-impact learning experiences that strengthen workplaces across Canada and beyond.”