J. Kerry Clayton has retired from the board of Assurant Inc.
Clayton, the former chief executive of Assurant, New York, announced in January 2006 that he would retire from his executive position in March 2006 and serve on the company’s board as vice chairman for the remainder of the year.
The Assurant board plans to find an independent director to fill Clayton’s seat, the company says.
When the board finds the new independent director, independent directors will fill 10 of the 12 board seats, Assurant says.
In other personnel news:
- Massachusetts Mutual Life Insurance Company, Springfield, Mass., has hired Michael Fanning to be senior vice president and chief operating officer for the U.S. insurance group.
Fanning, 43, will be responsible for all business operations in the group, MassMutual says.
Fanning previously was vice president of new individual business at a unit of MetLife Inc., New York.
Fanning has bachelor’s degrees in economics and management from Brown University.
- Sun Life Financial Inc., Toronto, has hired Venky Mysore to be vice president and country head for Sun Life Financial, India.
Mysore will run joint venture companies that Sun Life has started with Aditya Birla Management Corp. Ltd., Mumbai, India.
The Birla Sun Life companies have the seventh biggest mutual fund operation in India, with the equivalent of $3.5 billion in assets, and a large life insurance operation. The life company has a network of 21,000 advisors in 95 cities, Sun Life says.
Mysore previously was country manager for MetLife India, a unit of MetLife Inc., New York.