A news release said the new structure reflects Symetra’s three core businesses — retirement solutions, life insurance, and group insurance – with an executive vice president to lead each of the three units.
According to the company, heading the Retirement Division is Dan Guilbert, who will join the company on November 1, 2010. In this role, he will have profit-and-loss responsibility for all annuity, 403(b), and structured settlement products; oversee the Retirement Services and Income Annuities departments; and lead the division’s strategy work, product design and innovation, product marketing, market research, service, and operations. He will report to Tom Marra, Symetra president and chief executive officer.
Guilbert currently serves as chief risk officer for Aviva North America. He previously spent 14 years at The Hartford Life Insurance Company, where he held a variety of senior risk management, product development, and actuarial roles. Guilbert earned a bachelor’s degree in applied actuarial science from Bryant College.
Marra also announced the promotion of Michael Fry to executive vice president of Symetra’s Group Division, a provider of medical stop-loss insurance.
The company is conducting a search for an executive to lead its Life Division, according to the announcement.