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Prudential Puts Individual and Institutional Annuities in New Unit

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What You Need to Know

  • Jamie Kalamarides is leaving.
  • Yanela Frias will run the group insurance business.
  • Tyson came to Prudential through a management development program.

Prudential Financial has created a new unit, Prudential Retirement Strategies, to hold its individual annuity and institutional investment products businesses.

The institutional investment operations involved include the group annuities team, pension risk transfer services, international reinsurance operations, a structured settlements line and an institutional stable value line.

Prudential has picked Dylan Tyson, who has been the head of the individual annuities business, to be the president of the Prudential Retirement Strategies unit.

Yanela Frias, who has been president of Prudential Retirement, will become president of the Newark, New Jersey-based company’s group insurance business.

Jamie Kalamarides, who has been the president of Prudential Group insurance, is leaving the company.

Tyson holds the Chartered Financial Analyst professional designation and came to Prudential in 1995, through a general management development program.

Over the years, he has been head of Prudential’s payout annuities business, head of pension risk transfer operations and CEO of Prudential’s business in Taiwan.

Dylan Tyson (Photo: Prudential)