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Life Health > Annuities > Fixed Annuities

Monica Verma to Lead Global Atlantic Investment Office: Executive Changes

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What You Need to Know

  • The new Global Atlantic investment executive is a Vanguard veteran.
  • The new Protective Life protection division head came over from RGA.
  • EHealth, a Web broker, hired a general counsel with experience at UnitedHealth.

Global Atlantic Financial Group has hired Monica Verma to be the chief operating officer at its investment office.

The New York-based life and annuity issuer noted that, although it’s now part of investment management services provider KKR, the Global Atlantic investment office is still responsible for the overall performance of the $125 billion Global Atlantic investment portfolio.

Verma previously was global head of enterprise treasury at Vanguard. She also has worked for the Allianz Global Investors and PIMCO units.

She has a bachelor’s degree from MIT and a master’s degree in economics from the University of Michigan.

Protective Life

Protective Life Corp. — a Birmingham, Alabama-based arm of Dai-ichi Life Holdings — has hired Kathryn Cox to be a senior vice president of the company and president of the protection division.

Cox has been senior vice president, business development of U.S. mortality markets, at Reinsurance Group of America.

She has a bachelor’s degree in actuarial science from Maryville College. She holds the Certified Public Accountant, fellow of the Society of Actuaries and fellow of the Life Management Institute professional designations.

She has served as the actuarial liaison for The Association of Home Office Underwriters Program Committee.

Principal

Principal Financial Group — a Des Moines, Iowa-based life insurer and asset manager — has hired Teresa Hassara to be a senior vice president and leader of its workplace savings and retirement business.

Hassara was previously president of FuturePlan, an arm of Ascensus. She also has worked for Fidelity Investments, TIAA and MassMutual.

She has a bachelor’s degree from Vanderbilt and a master’s degree in business from the University of Pennsylvania.

eHealth

Santa, Clara, California-based web broker eHealth has hired Gavin Galimi to be senior vice president, general counsel and corporate secretary.

Galimi was general counsel for UnitedHealth’s UnitedHealthcare Specialty Benefits unit. He also is the co-founder of Stratagem Investments, a private equity firm focused on solving society’s inequities and disparities in access to good care.

Galimi has a bachelor’s degree and a law degree from the University of Southern California.

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