An insurer has announced a number of personnel decisions as a result of a large acquisition.
Sun Life Financial Inc., Toronto, completed a previously announced acquisition of the benefits arm of Genworth Financial Inc., Richmond, Va., earlier this week.
The Wellesley, Mass.-based U.S. division of Sun Life says Michael Shunney now will be general manager of a new employee benefits group, which will combine the Sun Life and Genworth group life, group disability, group dental and stop-loss operations.
Shunney previously was head of Sun Life’s group insurance division.
Sun Life will be dividing the benefits group operations into “product centers.”
Sue Shlock, who previously was the Genworth benefits group’s acting president, will run the Sun Life benefits group dental product center along with the individual voluntary and fully insured medical product lines.
Scott Beliveau, formerly head of Sun Life’s life and disability business, will run the life and disability product center.
Mike Huppert, who was acting vice president for product management and valuation at Genworth’s benefits group, will run the small markets product center.
Christ Brown, who was head of the Sun Life stop-loss business, now will run the stop-loss product center.
Drew Niziak, formerly head of distribution for Sun Life, will run the Sun Life benefits group sales organization.
Joel Sanders, formerly senior vice president of sales at Genworth’s benefits group, will run a new external markets organization. The organization will focus on strategic partnerships, joint ventures and other strategic distribution activities, Sun Life says.
In other personnel news:
- New York Life Insurance Company, New York, has promoted Sara Badler to senior vice president and deputy general counsel, from first vice president and deputy general counsel.
Badler has a bachelor’s degree from Cornell University, a master’s degree in education from the Bank Street College of Education and a law degree from Fordham University.
New York Life also has promoted Richard Taigue to first vice president and deputy general counsel, from vice president and deputy general counsel.
Taigue has a bachelor’s degree from City College of New York and a law degree from St. John’s University.
New York Life has promoted Karen Lamp to vice president and associate general counsel, from associate general counsel.
The Westwood, Mass.-based plan services division of New York Life’s New York Life Investment Management L.L.C. unit has promoted Stuart Denholm, an executive relationship manager, to director.
The division also has hired Jim Byrne and Rob Mattson to be vice presidents and executive relationship managers.
Byrne will handle union plans, and Mattson will handle large corporate plans.
- AIG Financial Advisors Inc., Phoenix, a unit of American International Group Inc., New York, has hired Steve Oliver to be vice president and regional recruiter. Oliver, who will be based in Richmond, Va., will recruit advisors and advisor practices.