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Luma Financial Hires Longtime AIG Sales Manager: Personnel Moves

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What You Need to Know

  • AIG has a new head of investor relations.
  • Protective Life’s new chief risk manager was head of financial risk at New York Life.
  • Partner Re, a reinsurer, has a new North America life CEO.

Luma Financial Technologies has hired Keith Burger to be national sales director for annuities.

The Cincinnati-based company provides technology services and other services for companies that sell structured annuities and other structured products.

Burger worked for American International Group Inc. from 1998 to earlier this year.

Burger was the annuity unit’s national sales manager for 19 years. While in that position, he increased annuity sales to $5 billion, from $500 million.

He managed external wholesalers who each averaged $153 million in productivity, according to his LinkedIn entry.

He has a bachelor’s degree in economics from the University of Colorado Boulder. He holds the Chartered Retirement Planning Counselor professional designation.

In other personnel moves news:

AIG has hired Quentin McMillan to be vice president, managing director and head of investor relations.

McMillan came to the New York-based insurer from Marsh McLennan, where he was senior director for investor relations.

Earlier, he was an equity research executive at Keefe, Bruyette & Woods and at Morgan Stanley.

He has a bachelor’s degree from Boston College and a master’s degree in business from Columbia.

Protective Life Corp. — a Birmingham, Alabama-based subsidiary of Dai-Ichi Life Holdings Inc. ——has hired Pooja Rahman to be a senior vice president and chief risk officer.

The company has also promoted Deep Banerjee to senior vice president and treasurer.

Rahman previously was head of financial risk at New York Life Insurance Company.

Earlier in her career, she worked as an analyst at the National Association of Insurance Commissioners and in roles at Aviva, Principal Financial Group Inc. and the Iowa Insurance Division.

She has a bachelor’s degree from the University of Mumbai, a master’s degree in business from the University of New Orleans and a law degree from Drake University.

Banerjee has been vice president strategic risk at Protective Life.

He came to the company in September 2020 from S&P Global Ratings.

He has a bachelor’s degree from Marietta College.

The Baltimore Life Insurance Company has hired Chris Motta to be vice president, chief actuary.

Motta previously was a valuation actuary at Global Bankers Insurance Group. He also has worked as an actuary for Genworth Financial Inc.

Motta has a bachelor’s degree from Virginia Tech. He holds the fellow of the Society of Actuaries and the member of the American Academy of Actuaries professional designations.

Baltimore Life is based in Owings Mills, Maryland.

Blue Cross and Blue Shield of Minnesota has hired Matt Hunt to be its first chief experience officer, or CXO.

Hunt moved to the Eagan, Minnesota-based health insurer from U.S. Bank in Minneapolis.

Hunt has a bachelor’s degree and a master’s degree from the University of Minnesota.

He serves on the board of the Bakken Museum in Minneapolis and the Minnesota Institute for Talented Youth in St. Paul.

Minnesota Blue has also promoted Jeff Snegosky to vice president of Medicare and individual, from senior director of the individual market and government sales.

Venerable — a West Chester, Pennsylvania-based company that owns and manages variable annuity businesses — has hired Wei Kiat Teo to be vice president and head of capital management and Gil Chua to be head of risk management strategy.

Teo previously was a member of the corporate development team at Prudential Financial Inc.

He has a degree in actuarial science from the University of Kent at Canterbury, in the United Kingdom.

Chua was a portfolio manager at Goldman Sachs. He has a bachelor’s degree from the University of Pennsylvania.

PartnerRe Ltd. — a Pembroke, Bermuda-based reinsurer — has named Chris Shanahan to succeed Alan Ryder as CEO North America life.

Ryder plans to retire Sept. 1.

Shanahan has been president for U.S. life operations at PartnerRe.

Earlier in his career, he was executive vice president for mortality solutions and corporate marketing at Hannover Re in the United States.

He has a bachelor’s degree from Drake University.

The Pension Benefit Guaranty Corp. has hired Ann Orr to be chief policy officer.

She previously was acting director for the Center for Presidential Transition at the Partnership for Public Service.

Before that, she worked for the PBGC as chief of staff from 2011 through 2019.

She has a bachelor’s degree from Yale.

(Photo: metamorworks/Shutterstock)