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.

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