Resolution Life appoints John Hele president and chief operating officer

Resolution Life Group Holdings has appointed John Hele president and chief operating officer.

He will be responsible for all global operations at the company including finance, risk, actuarial, operations and IT, as well as the P&L of the business units.

Before joining Resolution Life, Hele was executive vice president and CFO at MetLife from 2012 to 2018. He has also held senior roles at Arch Capital Group Limited, ING Groep NV, Worldinsure Limited, Merrill Lynch and Crown Life.

Sir Clive Cowdery, chairman at Resolution Life, said: “John brings a wealth of experience from senior life insurance and banking roles and we are delighted to welcome him.”

He said Hele’s “financial and operational expertise will strengthen the company” to deliver on its plans to release capital for its insurance partners. The plans follow the company's recent purchase of the life business of Australian financial services firm AMP, expected to close in the second half of 2019, and the deal completed by Resolution Re, a Bermuda licensed life reinsurer within the Resolution Life Group, for billions of annuity liabilities with Symetra in September 2018.

Hele said: “I am excited to be joining a team with such a strong track record of pioneering change in the life insurance industry and placing the in-force customer at the top of the priority list. Resolution Life has already completed some significant transactions and the opportunity to do more from a global platform is compelling.”

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