26 March 2014 Insurance

MetLife appoints vice president

Insurer MetLife has appointed Wayne Daniel as vice president, US Pensions, in MetLife’s Corporate Benefit Funding division.

Daniel joined MetLife Assurance in late 2011 as vice president and was promoted to chief executive officer in March 2012.

Prior to MetLife, Daniel was managing director of Longevity Markets at Credit Suisse, where he worked on one of the largest longevity swap transactions in the U.K. He has also served as senior vice president at Sun Life Financial, leading the global reinsurance business. He began his career as a pension actuary with a large mutual insurer in South Africa and is a qualified Fellow of the Institute of Actuaries.

Daniel will report to Robin Lenna, executive vice president and head of Corporate Benefit Funding at MetLife.

“Wayne’s appointment is indicative of MetLife’s strong commitment to the U.S. Pensions market. Having led our U.K.-based pension team, he is already familiar with MetLife’s strategy, our business and pension product offerings”

Daniel will assume his new role, based in New York, in May 2014, while continuing his current role as chief executive officer of MetLife Assurance, a specialist bulk annuity pension provider and U.K. subsidiary of MetLife, through the completion of the sale and transition of MetLife Assurance services to Rothesay Life.

“Wayne’s appointment is indicative of MetLife’s strong commitment to the U.S. Pensions market. Having led our U.K.-based pension team, he is already familiar with MetLife’s strategy, our business and pension product offerings,” said Lenna. “Wayne’s breadth of knowledge, global perspective and experience with all facets of the pension risk transfer business will further deepen our leadership team in the US. I am confident that Wayne’s appointment will enable MetLife to continue to strengthen its industry leadership position.”

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