Sun Life Financial announced yesterday that it has appointed Kevin Morrissey as senior vice-president and chief actuary.
As chief actuary, Morrissey will be tasked with enterprise-wide corporate oversight of the company’s actuarial practices. The chief actuary “provides leadership direction and vision for the company’s actuarial community globally,” a release said.
Morrissey succeeds outgoing chief actuary Larry Madge, who had served in his role since 2013. A release detailed that Madge has been appointed chief executive officer, PVI Sun Life in Vietnam, where he will be responsible for the growth and development of the business arm - considered the sixth largest life insurance provider in Vietnam.
“Kevin has deep experience across business and corporate functions, most recently creating and leading our global asset liability management practice,” said Sun Life Financial executive vice-president and CRO Claude Accum. “He has a strong track record leading teams, establishing best practices and creating value in our business that he will extend to his new role as chief actuary.”
Morrissey has been a part of Sun Life since 1988. He was appointed vice-president, asset liability management in 2005, originally for Sun Life’s Canada operations, but later for the rest of North America. He was then promoted to senior vice-president in 2013 and became the company’s first global leader of asset liability management.
Since 1995, Morrissey has been a fellow of the Society of Actuaries and Canadian Institute of Actuaries.
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