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.
Olive previously was a business development consultant at a Richmond, Va.-based securities distribution arm of Wachovia Corp., Charlotte, N.C.
Oliver has a bachelor’s degree in economics from North Carolina State University in Raleigh, NC.
- Aflac Inc., Columbus, Ga., has named Brad Jones to North Territory director and Al Weston is the East Territory Director.
Jones, who will lead sales teams in Illinois, Indiana, Michigan, Ohio and Wisconsin, has been the East Territory director.
Weston has been state sales coordinator for the North Carolina/East region.
- Penn Mutual Life Insurance Company, Horsham, Pa., has hired Derek Suter to be a regional life specialist for the Southern California territory, which includes Hawaii and Southern Nevada, and Andrew Gross to be a regional life specialist for the Heartland territory, which includes Alabama, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.
Suter previously worked for National Life Insurance Company, Montpelier, Vt. He has a bachelor’s degree in business information systems from Indiana Wesleyan University.
Gross has been a planning officer in a Charlotte, N.C., office of BB&T Corp. He has a bachelor’s degree from Ohio State University and a law degree from Capital University.
- HealthMarkets Inc., North Richland Hills, Texas, promoted Katherine Phillips to chief compliance officer and associate counsel from vice president and deputy compliance officer.
Phillips is a past Massachusetts insurance commissioner and a past Texas public insurance counsel.
Phillips has a bachelor’s degree in music and a law degree from the University of Texas at Austin.
- Sidley Austin L.L.P., New York, says Jeff Liebmann, Jonathan Freedman and Jonathan Kelly have joined the firm as partners in its global insurance practice.
The new partners will work in the firm’s New York office.
Liebmann has a law degree from Harvard University; Freedman, from Georgetown University; and Kelly, from the State University of New York at Buffalo. Kelly also has a master’s degree in business from SUNY Buffalo.
- The asset management division at Deutsche Bank A.G., Frankfurt am Main, Germany, has hired Randy Brown to be co-head of its global insurance asset management operation.
Brown will be based in New York. He succeeds Eric Kirsch, who left to become head of global insurance asset management at Goldman Sachs Group Inc., New York.
Robert Goodman, who has been working in Zurich as a co-head of insurance asset management operations, will continue to hold that position, Deutsche Bank says.
Brown previously was co-head of portfolio management for the financial institutions group at BlackRock Inc., New York, an investment management firm.
Brown will oversee investments, trading and technology, and Goodman will oversee distribution and client relationship management, Deutsche Bank says.
Brown has a bachelor’s degree and master’s degree in electrical engineering and a master’s degree in business from Cornell University.