March 31, 2010
Sun Life Financial U.S. Names Larry Madge Senior Vice President, Chief Actuary
The U.S. division of Sun Life Financial Inc. today announced that Larry Madge has been named Senior Vice President and Chief Actuary. He will be responsible for strengthening actuarial processes and controls as well as improving forecasting in order to achieve more stable earnings.
"We are excited to have Larry rejoin Sun Life Financial," said Thompson. "Larry's deep knowledge of our organization and his broad actuarial and financial experience fits well with our focus of enhancing our financial and risk management capabilities."
Madge returns to the Sun Life Financial organization from AEGON Canada, where he served as Executive Vice President and Chief Financial Officer. Prior to that, he spent more than 22 years with Clarica/Sun Life Financial Canada, most recently as Vice President and Chief Actuary. He will report to Wes Thompson, President, Sun Life Financial U.S. and Keith Gubbay, Senior Vice President and Chief Actuary, Sun Life Financial. He replaces Gubbay as chief actuary of Sun Life Financial U.S.
In his most recent role at Sun Life Financial Canada, Madge was responsible for all actuarial reporting and analysis across the Individual, Group Benefits and Group Retirement business units. He also held leadership positions in the Individual Product Development, Retail Life Insurance, Retail Customer Solutions and Insurance Products areas.
"Larry not only offers us technical expertise, he knows Sun Life Financial," said Gubbay. "He brings extensive experience in multiple lines of business and is very knowledgeable in emerging financial accounting and risk management approaches."
Posted by Tom Troceen