(Bloomberg) — Guardian Life Insurance Co. of America, the policyholder-owned firm founded in 1860, hired Marc Costantini as chief financial officer to replace Robert Broatch, who’s retiring.
Costantini, 44, was most recently executive vice president of corporate development and strategy at Manulife Financial Corp., New York-based Guardian said today in a statement. He reports to Chief Executive Officer Deanna Mulligan. Broatch, 65, is retiring on Dec. 31.
Costantini’s “distinguished career in finance and general management will serve our company well,” Mulligan said in the statement.
Guardian had a pretax gain from operations of $1.1 billion last year, and gave almost three-quarters of that sum to policyholders, according to the company’s annual report. The firm offers life insurance and retirement products, and is among the largest U.S. sellers of dental coverage.