Society of Actuaries

ShelterPoint Announces Leadership Succession Effective Immediately

Retrieved on: 
Friday, April 5, 2024
Culture, Leston, Growth, Society of Actuaries, Sun Life Financial, TIAA, Insurance, Executive, American Academy, Management

GARDEN CITY, N.Y., April 5, 2024 /PRNewswire-PRWeb/ -- Effective immediately, Richard White, who has led ShelterPoint Life Insurance Company (ShelterPoint) as CEO since 2009, is moving into the role of Executive Chairman of the Board of Directors, with the company's existing Chairman, Dr. Seth Goldberg, remaining on the Board as a Director. Leston Welsh, who joined ShelterPoint as President last April, is now stepping into the CEO role effective the same day. This announcement follows a thorough and thoughtful succession planning process conducted by the company.

Key Points: 
  • Leston Welsh, who joined ShelterPoint as President last April, is now stepping into the CEO role effective the same day.
  • This announcement follows a thorough and thoughtful succession planning process conducted by the company.
  • "Serving as CEO at ShelterPoint has been a great honor and my favorite chapter of my career.
  • I'm excited to expand my role on the Board where I'll be able to support ShelterPoint during our next chapter of growth," said Richard White.

The Standard Hires Becky Butler as Assistant Vice President and Actuary

Retrieved on: 
Thursday, April 4, 2024
Finance, Consulting, Professional Services, Insurance, Human Resources, The Standard, Standard, Lincoln National Corporation, Multimedia, Butler, Assistant, Society of Actuaries, Economics, Standard Insurance Company, University

Standard Insurance Company ( The Standard ) announced today that Becky Butler was hired as assistant vice president and actuary in Actuarial Transformation.

Key Points: 
  • Standard Insurance Company ( The Standard ) announced today that Becky Butler was hired as assistant vice president and actuary in Actuarial Transformation.
  • View the full release here: https://www.businesswire.com/news/home/20240404954950/en/
    Becky Butler, Assistant Vice President and Actuary at The Standard (Photo: Business Wire)
    In this role, Butler leads the strategic process, technology decisions and initiatives underway to reimagine and transform the actuarial functions across The Standard.
  • “Becky’s problem-solving skills and ability to build relationships make her the right leader to bring The Standard’s actuarial transformation vision to fruition,” said Lauren Canfield, vice president, corporate actuary and chief risk officer at The Standard.
  • Butler earned a Bachelor of Science degree in actuarial mathematics and economics at the University of Michigan.

The Standard Announces Retirement of Sally Manafi; Lauren Canfield Named New Corporate Actuary and Chief Risk Officer

Retrieved on: 
Wednesday, March 27, 2024
Fintech, Professional Services, Insurance, Finance, Risk management, Society of Actuaries, The Standard, Retirement, American Academy, University, Bank statement, Mathematics, Investment, Standard Insurance Company, Music, Standard, Multimedia, StanCorp Financial Group, Corporation, Management

Standard Insurance Company ( The Standard ) announced today that Lauren Canfield, assistant vice president and actuary in Actuarial Transformation, will become vice president, corporate actuary and chief risk officer effective April 1, 2024.

Key Points: 
  • Standard Insurance Company ( The Standard ) announced today that Lauren Canfield, assistant vice president and actuary in Actuarial Transformation, will become vice president, corporate actuary and chief risk officer effective April 1, 2024.
  • Canfield will succeed Sally Manafi, vice president, corporate actuary and chief risk officer, who previously announced her decision to retire.
  • View the full release here: https://www.businesswire.com/news/home/20240327644713/en/
    Sally Manafi, Retiring Vice President, Corporate Actuary and Chief Risk Officer at The Standard (Photo: Business Wire)
    “In her previous roles, Lauren provided key actuarial consultation and insight on financial and capital forecasting, investments and across multiple product lines.
  • As vice president, corporate actuary and chief risk officer for StanCorp Financial Group, Inc., Standard Insurance Company and The Standard Life Insurance Company of New York, Canfield will be responsible for enterprise risk management, asset liability management and economic capital management.

New York Life Names Todd Taylor Head of Life Insurance Solutions, Matt Wion Head of Retail Annuities

Retrieved on: 
Tuesday, March 19, 2024
Professional Services, Insurance, Human Resources, Finance, Retail, Society of Actuaries, Prudential, SVP, Prudential Financial, American Academy, Head, Society, Ernst & Young, IRI, Senior, Retirement, Patent, Pennsylvania State University, Binghamton University

New York Life, America’s largest mutual life insurer1, today announced that Todd Taylor has been named Head of Life Insurance Solutions, a key area of the company’s Foundational Business.

Key Points: 
  • New York Life, America’s largest mutual life insurer1, today announced that Todd Taylor has been named Head of Life Insurance Solutions, a key area of the company’s Foundational Business.
  • “As we cultivate leadership talent at New York Life, we are focused on opportunities for our team to experience different areas across the company,” said Mr. Huang.
  • Previously, Mr. Wion was Chief Financial Officer for New York Life’s Strategic Insurance Businesses – which include Institutional Life, Institutional Annuities, New York Life Direct, New York Life Group Benefit Solutions, Group Membership Association Department, and Seguros Monterrey New York Life – and has been responsible for all financial aspects for this portfolio.
  • Prior to joining New York Life, Mr. Wion was Senior Manager with Ernst & Young.

Manulife announces additions to its Board of Directors

Retrieved on: 
Tuesday, March 5, 2024
Market, Bank, Eastspring Investments, Prudential plc, AIG, Commerce, University, Partnership, Society of Actuaries, Espresso, Towers Perrin, Boston Consulting Group, MBA, RGA, Greater China, PhD in management, Scotiabank, Chairperson, Kanak people, Imperial College London, Saint Mary's University, Life, Chemical engineering, Master of Letters, Actuarial science, Compensated emancipation, JD, University of Oxford, Master of Science, Investment, Insurance, Corporate governance, Harvard University, Reinsurance Group of America, Senior advisor, Harvard Law School, Queen's University, Audit committee, Committee, American International Group, Management

He holds a Bachelor of Commerce from Saint Mary's University and a Ph.D. in Management from Queen's University.

Key Points: 
  • He holds a Bachelor of Commerce from Saint Mary's University and a Ph.D. in Management from Queen's University.
  • Mr. Kanak is a former senior executive with deep insurance experience in Asia.
  • He served in senior executive positions at American International Group (AIG) for over 14 years before joining Prudential.
  • "Mike, Don, Anna and John bring skills and experience critical to supporting the Board of Directors' effective oversight of Manulife given its growth ambitions and strategic priorities," said Don Lindsay, Chair of the Board, Manulife.

SOCIETY OF ACTUARIES RESEARCH INSTITUTE ANNOUNCES PARTICIPATION IN THE DEPARTMENT OF COMMERCE CONSORTIUM DEDICATED TO AI SAFETY

Retrieved on: 
Thursday, February 8, 2024
Collection, Insurance, Executive order, Ecosystem, CFA, Government, Trust (social science), Society of Actuaries, Safety, Organization, Development, Society, CERA, FSA, Intelligence, NIST, SOA, Artificial intelligence, Commerce, MAAA, Medical device

CHICAGO, Feb. 8, 2024 /PRNewswire/ -- The Society of Actuaries (SOA) Research Institute announced that it will lend its actuarial expertise, joining more than 200 of the nation's leading artificial intelligence (AI) stakeholders to participate in a Department of Commerce initiative to support the development and deployment of trustworthy and safe AI. Established by the Department of Commerce's National Institute of Standards and Technology (NIST), the U.S. AI Safety Institute Consortium (AISIC) will bring together AI creators and users, academics, government and industry researchers, and civil society organizations to meet this mission. As a member of this consortium, the SOA Research Institute will harness its expertise in AI security and its ethical use for the actuarial profession and insurance industry. 

Key Points: 
  • Established by the Department of Commerce's National Institute of Standards and Technology (NIST), the U.S. AI Safety Institute Consortium (AISIC) will bring together AI creators and users, academics, government and industry researchers, and civil society organizations to meet this mission.
  • As a member of the consortium, the SOA Research Institute will harness its expertise in AI security and  ethical use.
  • "We are honored to be part of the Artificial Intelligence Safety Institute Consortium initiated by the National Institute of Standards and Technology," said R. Dale Hall, FSA, CERA, CFA, MAAA, Managing Director of Research, Society of Actuaries Research Institute.
  • That's precisely what the U.S. AI Safety Institute Consortium is set up to help us do," said Gina Raimondo, U.S. Secretary of Commerce.

An Untold Story: Jim Lichtman's 'Trust and Confidence' Offers Exclusive New Information and Insights into the Starr Investigation of President Bill Clinton's relationship with Monica Lewinsky

Retrieved on: 
Monday, January 29, 2024
Lichtman, National archives, Chicago Tribune, United, Star Tribune, Ethics, Barbara, The Secret Service, American Bankers Association, Trust, Society of Actuaries, The New York Times, HuffPost, Secret Service, Conference, Houston Chronicle, Op-ed, Secrecy, The Philadelphia Inquirer

Twenty-five years after the release of Ken Starr's Independent Counsel Report, a new book reveals more to the story than previously known.

Key Points: 
  • Starr relied on an anonymous source inside the Secret Service who falsely alleged that Lewis Merletti, the special agent in charge of the president's protective detail, secretly facilitated the Clinton/Lewinsky relationship in exchange for becoming director of the Secret Service.
  • Jim Lichtman has been writing and speaking on ethics since 1995.
  • Op-eds have appeared in The Chicago Tribune, Philadelphia Inquirer, Huffington Post, Houston Chronicle, Minneapolis Star-Tribune, and The New York Times.
  • To learn more, please visit the official website at https://trustandconfidencebook.com/

Cincinnati Financial Corporation Announces Executive Leadership Transition, Expands Board to 14, Appoints Two New Directors

Retrieved on: 
Friday, January 26, 2024
Boston Consulting Group, Cincinnati Financial, CSU, Associate, Casualty, CINF, Insurance, Casualty Actuarial Society, Spray, Intelligence, American Academy, Society of Actuaries, Annual general meeting, Marketing, Data science, Growth, Management

"Steve is the ideal candidate to lead the company forward," commented Steve Johnston, chairman and chief executive officer.

Key Points: 
  • "Steve is the ideal candidate to lead the company forward," commented Steve Johnston, chairman and chief executive officer.
  • Additionally, Mr. Wu was appointed to the audit committee and Mr. Spray to the executive committee of the board, effective immediately.
  • Spray, age 57, serves as president of Cincinnati Financial Corporation and its U.S.-based subsidiaries.
  • Johnston noted, "Our shareholders benefit from our highly engaged board of directors who bring their wide range of experiences and skills.

John Henriques Promoted to Senior Vice President and Chief Actuary of Crum & Forster Accident & Health

Retrieved on: 
Monday, January 22, 2024
Senior, Associate, FSA, Business administration, MAAA, Society, American Academy, Society of Actuaries, Division, Liability (financial accounting), CERA, Management

EATONTOWN, N.J., Jan. 22, 2024 /PRNewswire/ -- Crum & Forster's (C&F) Accident & Health (A&H) Division announces the promotion of John Henriques to Senior Vice President and Chief Actuary of A&H.

Key Points: 
  • EATONTOWN, N.J., Jan. 22, 2024 /PRNewswire/ -- Crum & Forster's (C&F) Accident & Health (A&H) Division announces the promotion of John Henriques to Senior Vice President and Chief Actuary of A&H.
  • "Since joining the Division in 2013, John has demonstrated outstanding technical and leadership skills.
  • He is a collaborative, highly-engaged and valued member of our organization," said Gary McGeddy, President of Crum & Forster Accident & Health.
  • John's career began as an Actuarial Associate with Mercer before joining C&F as an Actuarial Specialist.

Liberty Bankers Insurance Group Names John Blocher as new Chief Risk Officer

Retrieved on: 
Wednesday, January 17, 2024
Society of Actuaries, Knowledge, Science, American Academy, Risk management, Purdue University, Health, Life, Growth

DALLAS, Jan. 17, 2024 /PRNewswire/ -- Liberty Bankers Insurance Group (LBIG), a nationally recognized provider of life, health, and wealth products, today announced the hiring of John Blocher as vice president, actuary, and chief risk officer.

Key Points: 
  • Accomplished Leader Will Also Serve as Vice President, Actuary
    DALLAS, Jan. 17, 2024 /PRNewswire/ -- Liberty Bankers Insurance Group (LBIG), a nationally recognized provider of life, health, and wealth products, today announced the hiring of John Blocher as vice president, actuary, and chief risk officer.
  • "With a proven track record, Blocher brings a wealth of knowledge to the LBIG team," said David Vrla, executive vice president, chief actuary, and appointed actuary at Liberty Bankers Insurance Group.
  • "His contributions to our company's enterprise risk management program will help ensure continued growth and profitability."
  • "I am thrilled to embark on this exciting journey with Liberty Bankers," said Blocher.