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Appointments: The Hartford, LIMRA/LOMA, Sun Life Financial

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The Hartford, Hartford Conn., announced three senior leadership appointments to strengthen the Commercial Markets leadership team.

Tom Tucker, 56, will join The Hartford on February 27 as chief underwriting officer for Commercial Markets and head of Specialty Casualty, reporting to Doug Elliot, president of The Hartford’s Commercial Markets Division.

The Hartford says that Tucker will oversee underwriting across Commercial Markets and lead The Hartford’s Specialty Casualty segment, which includes National Accounts, Captive & Specialty Programs and Hartford Financial Products. Tucker will focus on the continued delivery of risk solutions for the Specialty segment, as well as risk controls across the Commercial Markets organization.

Gary Thompson, 57, will lead Middle Market sales and distribution, in addition to his previous responsibilities as head of Middle Market product and underwriting. He will drive Middle Market’s growth agenda with a focus on diversifying the book of business and targeted industry segments.

Mike Concannon, 50, will serve as head of The Hartford’s Group Benefits segment, succeeding Ron Gendreau who will retire later this year after a transition period. Concannon will focus primarily on restoring core profitability and broadening the segment’s core business, as well as expanding with new and emerging opportunities.

LIMRA and LOMA, Windsor, Conn., announced that Kevin McWhinney will join the organization as managing director of international partnerships. 

As head of the international field teams, McWhinney will be permanently based in Singapore and responsible for developing and overseeing LIMRA and LOMA’s international sales force, building sales and membership in key markets throughout the world, and will report directly to Aluise.

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The U.S. business group of Sun Life Financial Inc., Wellesley, Mass. (NYSE: SLF, TSX: SLF) appointed two regional vice presidents, Jay Hutchins and Marc Lower. Hutchins and Lower will report to Drew Niziak, vice president, under the voluntary benefits solutions group led by Bob Klein, vice president of voluntary benefits.

Both Hutchins and Lower will be responsible for building a team of voluntary specialists, all of whom will support Sun Life Financial’s existing group benefits representatives, Sun Life says. Hutchins will be based in Atlanta, Georgia, and be responsible for East Coast voluntary benefits distribution, while Lower will be based in Gig Harbor, Washington, and handle West Coast distribution.

In other company news:

MetLife, Inc., New York (NYSE: MET), declared first quarter 2012 dividends of $0.2527777 per share on the company’s floating rate non-cumulative preferred stock, Series A (NYSE: METPrA), and $0.4062500 per share on the company’s 6.50% non-cumulative preferred stock, Series B (NYSE: METPrB).

The dividends are subject to the final confirmation that MetLife has met the financial tests specified in the Series A and Series B preferred stock, which the company anticipates will be made on or about March 5, 2012, the earliest date permitted in accordance with the terms of the securities. Both dividends will be payable March 15, 2012 to shareholders of record as of February 29, 2012, the company says.

Manulife Financial Corporation, Toronto, announced that it has completed its offering of 10 million Non-cumulative Rate Reset Class 1 Shares Series 7 (the “Series 7 Preferred Shares”) at a price of $25 per share to raise gross proceeds of $250 million.

The offering was underwritten by a syndicate of investment dealers co-led by Scotia Capital Inc., RBC Capital Markets and TD Securities. The Series 7 Preferred Shares commence trading on the Toronto Stock Exchange today under the ticker symbol MFC.PR.H.