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Prudential names new chief actuary

ALSO: Industry news from AssuredPartners, Digital Insurance, AXA Equitable, Pacific Resources & TWFG

Prudential Group Insurance, a business of Prudential Financial Inc. (NYSE:PRU), appointed Eric Lin as chief actuary and chief risk selection and pricing officer.

Lin will be responsible for optimizing risk selection and pricing, and improving the economic value and long-term profitability of new and in-force business. This includes accountability and oversight for Group Insurance pricing strategy, processes, and methodology as well as collaboration with other business units across the company to identify new opportunities for the benefit of the enterprise. 

Lin most recently was a vice president and actuary for Prudential Annuities where he led the valuation, forecasting, and economic capital team with oversight for all the financial-related actuarial items.

Before joining Prudential, Lin was vice president and actuary with Merrill Lynch Insurance Group.  He began his career at CPS Actuaries.

Lin has a Bachelors degree in applied mathematics from National Chiao-Tung University in Taiwan, and a Masters degree in mathematics from the University of Connecticut. He is also a fellow of the Society of Actuaries, and a member of the American Academy of Actuaries.

In other news:

AssuredPartners Inc. promoted Eric Anderson to the new role of regional executive vice president, effective immediately.

In his new position, Anderson will focus on identifying opportunities for operational, strategic and organic growth within AssuredPartners subsidiaries.

Anderson has been with AssuredPartners since March 2011 in the role of senior vice president. As senior vice president, he was responsible for overseeing acquisitions and operations in the Pacific Northwest, Tennessee, Kentucky and Indiana. During his time as senior vice president, AssuredPartners acquired more than a dozen insurance agencies in Tennessee, Kentucky and Indiana. Anderson was also involved with company-wide Employee Benefits initiatives.

Anderson has more than 30 years of experience in the insurance industry and is a member of several insurance associations, including: the Million Dollar Round Table, the National Association of Insurance Agents, the American Association of Health Insurance Agents and the Council of Insurance Agents and Brokers.

 

Digital Insurance hired seasoned industry executive Pete Gruenberg, CEBS, as Digital Benefit Advisors’ (DBA) national practice leader.

The company created this role to help accelerate the growth and positioning of DBA’s rapidly expanding network of retail brokerage offices.

DBA combines the commitment of experienced, local market advisors with the sophisticated technology and innovative resources of a respected national company. Employers receive access to a broader variety of carriers, dynamic tools, proprietary products and the ability to effectively navigate the complexities of health care reform. 

Gruenberg’s career includes key leadership positions at Willis North America, Hilb, Rogal and Hobbs; Bank of America Corporate Insurance Agency; and Meeker Sharkey. Most recently, he served as a mergers and acquisitions specialist affiliated with a leading M&A firm. He spent several years serving on the National Broker Advisory Councils of two of the largest national health insurance carriers, as well as is a member of the Employee Benefits Board of the Council of Insurance Agents and Brokers.

 

AXA Equitable Life Insurance Company, the primary U.S. subsidiary of the global AXA Group, hired Lauren Day as a managing director and head of Corporate Communications. As a member of the executive management group, Day will oversee all aspects of AXA Equitable’s corporate communications strategy and platform, including media relations, public affairs, leadership communications, and employee and field engagement. Day also leads the company’s event planning function and its production business, which includes the AXA Equitable Production Group and The Auditorium at the AXA Equitable Center, a prime theater venue and modern broadcasting facility located in midtown Manhattan.

Before joining AXA Equitable, Day served as vice president of communications at Prudential Financial. Prior to that, she worked for American International Group, Inc. (AIG), where she was responsible for communications strategy and execution related to the company’s global restructuring program. She also was a senior associate in the capital markets group of AIG Global Real Estate Investment Corp.

Day will serve on the Communications Steering Committee of AXA Group. In addition, she will serve on the board of directors of the AXA Foundation, the philanthropic arm of AXA Equitable and the sponsor of the AXA Achievement scholarship program, to direct the company's philanthropic and volunteer activities within communities across the country where AXA has a presence. Day got her start as a legislative aide, policy advisor and press secretary in the Connecticut State Legislature, and later as a special projects manager and Robert Bosch Foundation Fellow at KfW Bankengruppe in Frankfurt am Main, Germany. She holds A.B. and A.M. degrees from Dartmouth College.

Chris JuddPacific Resources hired Chris Judd as senior vice president of Sales. He joins Pacific Resources from The Hartford, where he was the head of National Accounts.

In his new role, Judd leads all sales operations and development at Pacific Resources. As member of Pacific Resources' senior management team, Judd will help guide the company’s overall business strategy and support its vision to provide exceptional benefit advisory services. He will also serve as a liaison to insurance companies.

Judd has more than 18 years of disability, life, voluntary benefits and executive benefits industry experience in sales and executive leadership. Prior to his role at The Hartford, he spent 11 years with UNUM, working as a sales manager and sales executive in Minneapolis, Seattle and San Francisco. Judd holds a BA from Concordia College in Moorhead, Minn.

 

The Woodlands Financial Group (TWFG) opened five new local branches in:

  • Kennesaw, Ga.
  • Los Angeles
  • Huntington Beach, Calif.
  • Richardson, Texas
  • Woodlands, Texas

The independent agency is near the 300-mark for total TWFG branches now operating in 21 states, according to Richard “Gordy” Bunch, president and CEO. The firm also touts almost 3,000 general agents and referral agents featuring TWFG insurance services in 38 states.

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