What You Need to Know
- Fidelity National Financial will move the former CEO into a vice chairman post.
- The new Colonial Life senior VP of sales was the leader of the Southwest team.
- Venerable is an affiliate of Apollo and Athene that buys and manages blocks of life insurers' unwanted annuity business.
The board of Fidelity National Financial — the Jacksonville, Florida-based title insurance company that acquired F&G, a major annuity issuer — has named Mike Nolan to be the company’s new CEO.
Nolan has been Fidelity National’s president since 2016. He has been working for Fidelity National since 1983.
Randy Quirk, the current CEO, will become the company’s executive vice chairman.
William P. Foley II, the board chairman, will continue to be the chairman.
Colonial Life — a Columbia, South Carolina-based subsidiary of Unum that sells insurance at the worksite — has named Michael Stachowiak senior vice president of sales and Shea Treadway senior vice president of field and market development.
Stachowiak was previously the leader of Colonial Life’s Southwest team. He has a degree in business administration and human resource management from Portland State University.
Treadway has been vice president of small business at Unum. He has a bachelor’s degree in political science from Yale University and a master’s degree in business from the University of Michigan.
Venerable — a West Chester, Pennsylvania-based company that buys and manages blocks of life insurers’ unwanted annuity business — has named Parul Bhatia to be senior vice president and chief actuary.
She was previously Venerable’s head of valuation. Earlier in her career, she was a consultant at Willis Towers Watson.
She has a bachelor’s degree from the University of Delhi. She is a member of the American Academy of Actuaries as well as a fellow of the Institute and Faculty of Actuaries, UK, and the Institute of Actuaries of India. She is a past president of the Actuarial Club of Philadelphia.
Centene Corp. — a growing St. Louis-based health insurer — has named Jim Murray chief transformation officer.
Murray previously was the chief operating officer for Magellan Health, which Centene acquired Tuesday.