Sun Life appoints Brennan Kennedy as new Chief Actuary
Rhea-AI Summary
Positive
- Smooth leadership transition with overlap period for knowledge transfer
- Internal promotion showcasing strong succession planning
- New Chief Actuary brings 26 years of relevant experience within the company
Negative
- None.
News Market Reaction – SLF
In the trading session that priced this news, SLF gained 0.05%, reflecting a mild positive market reaction.
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In his new role, Brennan will provide leadership, direction and vision for the actuarial functions across the organization with a focus on talent development, leading-edge technology solutions, innovations and thought leadership in support of Sun Life's strategic imperatives and Client Impact Strategy. He will partner closely with business groups and corporate functions to apply actuarial best practices to valuation, reporting, product development and pricing activities to ensure compliance with regulatory requirements and industry standards.
Brennan is a seasoned leader with more than 26 years of deep experience and expertise at the organization. He has held progressively senior roles across the business in Actuarial, Risk Management, Finance and Asset Liability Management functions since joining in 1998.
Brennan holds a Bachelor of Mathematics from the University of Waterloo and is a Fellow of the Canadian Institute of Actuaries and the Society of Actuaries.
"I'm thrilled to have Brennan step into this critical role. I'm confident his leadership will continue to drive success for Sun Life," said Tom Murphy, Executive Vice-President and Chief Risk Officer. "His deep expertise and forward-thinking approach will be instrumental in supporting our continued growth and strengthening our actuarial capabilities as the industry evolves."
Brennan succeeds Kevin Morrissey, Senior Vice-President and Chief Actuary, who will retire after an illustrious 37-year career with Sun Life on October 3, 2025. Over the next few months, Kevin will support Brennan in his onboarding to the Chief Actuary role until his retirement.
Kevin began his career with Mutual Life of
Throughout his tenure, Kevin progressed through various leadership roles across Finance, Risk Management and Actuarial. He has served in his current role of Senior Vice-President and Chief Actuary since 2016.
"On behalf of our Board of Directors and our Global Leadership Team, I'd like to thank Kevin for his leadership and tremendous contributions to Sun Life and wish him well in his retirement," added Murphy. "For the past two decades, Kevin has proved to be a key partner in helping Sun Life navigate various external economic challenges and maintain its resiliency. As the guiding light for our Global Actuarial Community, he has always led by example."
About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including
Sun Life Financial Inc. trades on the
Note to editors: All figures in Canadian dollars
To contact Sun Life media relations, please email Media.Relations@sunlife.com
To contact Sun Life investor relations, please email Investor_Relations@sunlife.com
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SOURCE Sun Life Financial Inc. - Financial News