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February 16, 2007 at 06:15 PM
Prudential Financial Inc. has named John Strangfeld to succeed Vivian Banta as the leader of the company’s domestic insurance division.
Banta and Strangfeld both are vice chairmen at Prudential, Newark, N.J. Banta, 56, has decided to retire in April, Prudential says.
Banta has been head of the domestic insurance division since 2002.
Strangfeld has been head of Prudential’s domestic investment division since 2002, and he will keep that responsibility, Prudential says.
In other personnel news:
- Hartford Financial Services Group Inc., Hartford, has named Brian Murphy executive vice president and director of its U.S. individual life business.
Murphy, who has been president of Hartford’s Woodbury Financial Services unit, succeeds Michael Kalen, who is now president of Hartford Life Ltd. in Europe.
Hartford Life Ltd. sells unit-linked investment bonds, which resemble variable annuities.
At Hartford Life Ltd., Kalen is succeeding Lincoln Collins, who is returning to Hartford’s U.S. operations.
- Boston Mutual Life Insurance Company, Canton, Mass., has hired Clifford Lange to be chief financial officer and chief actuary.
Lange previously was chief actuary at Excellus BlueCross BlueShield, Rochester, N.Y. He has a bachelor’s degree in mathematics and actuarial science from the University of Connecticut.
Lange is a Fellow of the Life Management Institute and holds the Chartered Life Underwriter professional designation.
The Jacobson Group, Boston, was in charge of the search.
- Standard Insurance Company, a unit of StanCorp Financial Corp., Portland, Ore., has picked Chris Wolfe to run a new retirement plans office in Phoenix and Tony Leonard to run a new retirement plans office in Charlotte, N.C.
