Sun Life appoints Brennan Kennedy as new Chief Actuary

Rhea-AI Summary

Sun Life Financial (TSX/NYSE: SLF) has appointed Brennan Kennedy as its new Senior Vice-President and Chief Actuary, effective October 4, 2025. Kennedy, currently SVP of Global Asset Liability Management, brings 26 years of experience at Sun Life and will lead the company's actuarial functions. He succeeds Kevin Morrissey, who will retire after 37 years with the company. Kennedy holds a Bachelor of Mathematics from the University of Waterloo and is a Fellow of the Canadian Institute of Actuaries and Society of Actuaries. He will focus on talent development, technology solutions, and innovations while ensuring compliance with regulatory requirements. The transition period will see Morrissey supporting Kennedy's onboarding until his retirement on October 3, 2025.

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.

TORONTO, June 19, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) is pleased to announce the appointment of Brennan Kennedy as Senior Vice-President and Chief Actuary, effective October 4, 2025. Brennan is currently Sun Life's Senior Vice-President of Global Asset Liability Management. 

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 Canada in 1988, which eventually became Clarica, which was later acquired by Sun Life in 2002. 

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 Canada, the U.S., the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion. For more information, please visit sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/sun-life-appoints-brennan-kennedy-as-new-chief-actuary-302486648.html

SOURCE Sun Life Financial Inc. - Financial News

FAQ

Who is the new Chief Actuary of Sun Life (SLF)?

Brennan Kennedy has been appointed as Sun Life's new Senior Vice-President and Chief Actuary, effective October 4, 2025.

What is Brennan Kennedy's background at Sun Life (SLF)?

Kennedy has 26 years of experience at Sun Life, currently serving as SVP of Global Asset Liability Management, with progressively senior roles in Actuarial, Risk Management, Finance and Asset Liability Management since 1998.

Who is Brennan Kennedy replacing as Sun Life's Chief Actuary?

Kennedy is replacing Kevin Morrissey, who is retiring after a 37-year career with Sun Life. Morrissey has served as Senior Vice-President and Chief Actuary since 2016.

When does Brennan Kennedy start as Sun Life (SLF) Chief Actuary?

Brennan Kennedy will assume the role of Chief Actuary at Sun Life effective October 4, 2025.

What are Brennan Kennedy's qualifications for the Chief Actuary role at SLF?

Kennedy 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, along with 26 years of experience at Sun Life.