Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Guardian Life hires new finance chief

Your article was successfully shared with the contacts you provided.

(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.

Last year, Mulligan hired Caitlin Pincus, formerly of JPMorgan Chase & Co., as senior vice president of strategy, and Dean Del Vecchio from News Corp.’s Dow Jones & Co. as chief information officer. At the time, she said the hires showed “Guardian’s commitment to thinking differently about how we leverage technology to evolve as a company.”

Costantini received a bachelor of science degree in actuarial science from Concordia University in Montreal, Guardian said. He previously held positions including CFO of John Hancock, the U.S. seller of savings products and life insurance that’s now owned by Manulife, and president of Hancock’s annuities business.

Sean Pasternak, a spokesman for Toronto-based Manulife, confirmed that Costantini left the insurer and declined to comment further.

See also:


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.