Aegon N.V. — the parent of Transamerica — has hired Duncan Russell to be its chief transformation officer.
The role is new.
Aegon is based in The Hague, in the Netherlands, and manages the equivalent of about $1 trillion in assets.
Russell will report to Lard Friese, Aegon’s chief executive officer, and will be a member of Aegon’s board.
Russell previously was chief financial officer of Admiral Financial Services, an arm of Admiral Group PLC of the United Kingdom.
Russell has a degree from the University of Bristol. He holds the Chartered Financial Analyst professional designation.
He got his start in insurance as an analyst at Fox-Pitt, Kelton. Later, he was a managing director at J.P. Morgan.
In other insurance personnel moves news:
The Armed Forces Benefit Association (AFBA), Alexandria, Virginia, and an AFBA affiliate, the 5Star Life Insurance Company, have named Michael Wong chief distribution officer.
Wong previously was a senior vice president at AFBA.
Wong has a bachelor’s degree from the Virginia Military Institute. He earned an Air Force officer commission. He served as a squadron officer in the U.S. Air Force Reserve for 11 years.
He holds the Chartered Life Underwriter and Chartered Financial Consultant professional designations.
AFBA is an association that provides survivor benefits for its members; 5Star Life underwrites the AFBA survivor benefits.
The Advocator Group LLC, Wakefield, Massachusetts, says its chief executive officer, Michael Shunney, is now chief executive officer of a company subsidiary, Professional Disability Associates, Portland, Maine,
Shunney has been an executive at The Advocator Group since 2014.
The Advocator Group — an arm of Brown & Brown Inc. — helps clients get through the Social Security Disability Insurance benefits application process, and it also helps clients choose Medicare plans.
Professional Disability Associates provides medical reviews, claim administration services and other support services and consulting services for disability insurance providers.
The Advocator Group acquired Professional Disability Associates in 2018.
Shunney has bachelor’s degree from Merrimack College. Before begoin to work for The Advocator Group, he spent 13 years at U.S. units of Sun Life Financial.
Kevin Riley has been Professional Disability Associates’ interim chief executive officer. He will become senior vice president, customer experience, according to The Advocator Group.