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November 24, 2020 at 09:44 AM
Global Atlantic Financial Group, a major life and annuity player, is combining its individual life and annuity sales and distribution operations to create a single distribution organization inside its individual markets business.
(Related: KKR Agrees to Buy Global Atlantic for About $4.4 Billion)
The Hamilton, Bermuda-based insurer has named Dave Wilken, who was president of the life distribution business, and Paula Nelson, who was president of the annuity distribution business, to be co-heads of individual markets.
Wilken will oversee individual markets operations and Nelson will work with firms and industry associations, according to Global Atlantic.
Jason Bickler will become the chief distribution officer, and he’ll report to Wilken. Bickler has been head of annuity distribution.
Kelly Milberger will continue to be the head of a separate preneed national sales unit. The preneed unit sells life insurance designed to pay for funerals through agents and funeral homes.
