20 June 2017Insurance

Lincoln Financial Group tightens life insurance oversight

Lincoln Financial Group has appointed Randal Freitag to assume oversight responsibility for the company’s life insurance business.

In addition to his new responsibility, Freitag will continue to serve as the company’s chief financial officer, a position he has held since 2011.

Mike Burns will remain head of the life insurance business, responsible for product development, underwriting, new business operations and financial management. He will report to Freitag.

"Randy’s broad background and range of industry experience position him well to oversee our Life Insurance business," said Dennis Glass, president and CEO of Lincoln Financial Group. "On behalf of my colleagues across the organization, I congratulate him on his appointment and I look forward to the expanded contributions he will make as we move our strategy forward."

Freitag joined Lincoln Financial in 1995. Prior to his appointment as CFO in 2011, he served as chief risk officer. During his tenure at the company, Freitag was also vice president of product risk and profitability management for the individual life and annuities businesses.

Join us at Intelligent InsurTECH Europe 2017 this October in London. Limited attendee and sponsorship opportunities are still available.

Today’s stories

Chubb reshuffles North America leadership following retirement

UK insurtech start-up raises £180m

Hannover Re parent Talanx boosts insurtech capabilities in digitisation push 

R&Q writes $43m reinsurance loss portfolio transfer for Californian firm

AIG sells another $65.4m stake in Arch Capital Group

EPIC buys product warranty analytics specialist

Miller hires former Aon exec for UK sports and entertainment team

Deutsche Bank hires new insurance head from Morgan Stanley

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
20 June 2018   Lincoln Financial Group has introduced online chat capabilities called ‘Ask Abe’ that are able to help customers with instructions for completing common, simple transactions such as changing a beneficiary or obtaining a copy of a policy.
News
4 August 2017   Bermuda-based Athene Holding has entered into a flow reinsurance treaty with US-based Lincoln Financial Group.