John Hancock Financial Services has promoted Marc Costantini to president of the variable annuities business.
Costantini will succeed Hugh McHaffie, who now is president of the John Hancock wealth management unit, according to John Hancock, Boston, a unit of Manulife Financial Corp., Toronto.
Costantini previously was chief financial officer at John Hancock Financial Services.
Costantini has a bachelor’s degree in actuarial science from the University of Concordia.
In other personnel news:
- The AIG Advisor Group, a broker-dealer network unit of American International Group Inc., New York, has hired James Seppala to be senior vice president of strategic project management.
Seppala previously was chief operating officer and chief financial officer at Harmoney Financial L.L.C., Boston.
Seppala has a bachelor’s degree in physics from McGill University, a master’s degree in electrical engineering from Tufts University and a master’s degree in business from the University of Pennsylvania.
Seppala started out as a staff scientist at the Massachusetts Institute of Technology,
- Transamerica Reinsurance, Charlotte, N.C., a unit of AEGON N.V., The Hague, Netherlands, has hired Dr. Steven Zimmerman to be vice president and chief medical officer for its U.S. life reinsurance business.
Zimmerman previously was medical director at American General Life Cos., Houston, a unit of AIG. He also has been the medical policy issues director at the American Council of Life Insurers, Washington.