Sun Life appoints new Chief Actuary

By Andrew Rickard | October 03 2016 11:30AM

Kevin Morrissey has been appointed Senior Vice-President and Chief Actuary at Sun Life Financial. He succeeds Larry Madge, who has served as Chief Actuary since 2013 and is leaving to become CEO of PVI Sun Life in Vietnam.

In his new role, Morrissey will oversee actuarial practices and will also be responsible for providing direction and vision to the company’s global actuarial community.

"Kevin has deep experience across business and corporate functions, most recently creating and leading our global Asset Liability Management practice," comments Claude Accum, Executive Vice-President and Chief Risk Officer at Sun Life Financial. "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 joined Sun Life in 1988 and has held a number of positions involving valuation, pricing, and finance in Canada. He was appointed Vice-President, Asset Liability Management in 2005, initially for Canada and then for North America. In 2013 he was promoted to Senior Vice-President and was the company's first global leader of Asset Liability Management. Morrissey has been a Fellow of the Society of Actuaries and Canadian Institute of Actuaries since 1995.