MetLife announced leadership changes as part of CEO transition

MetLife announced a series of changes to its senior leadership ranks in connection with its CEO transition, all of which are effective May 1, 2019. In January 2019, the BoD announced that Michel KHALAF, President, U.S. Business and EMEA, will become MetLife's President, CEO and Member of the Board effective May 1, replacing Steven KANDARIAN, who is retiring.

Thus, Executive Vice President and Chief Risk Officer RAMY TADROS will become president, U.S. Business. He will succeed Michel KHALAF, president, U.S. Business and EMEA, who becomes MetLife President and Chief Executive Officer on May 1, 2019. TADROS will report to KHALAF and continue to serve on the company's Executive Group. Dirk OSTJIN, senior vice president and head of EMEA, will continue to oversee the EMEA business reporting to KHALAF. TADROS joined MetLife in September 2017 from OLIVER WYMAN, where he was a partner, global head of Insurance, and member of the firm's operating committee.

MetLife also announced today that Marlene DEBEL, currently Executive Vice President and Head of Retirement & Income Solutions (RIS), will become MetLife's Chief Risk Officer. She will report to KHALAF and join the company's Executive Group.

Before joining MetLife in 2011, DEBEL was global head of Liquidity Risk Management and Rating Agency Relations at Bank of America. Prior to that, she was assistant treasurer of Merrill Lynch & Co. She spent 20 years in a number of leadership positions across global treasury at Merrill Lynch.

MetLife also announced that Graham COX, Executive Vice President in Global Risk Management (GRM), will succeed DEBEL as head of RIS and report to TADROS. COX has extensive business and risk management experience and has held several leadership roles since joining MetLife as an actuary in 1995. He has overseen MetLife's Group Life product portfolio and the Product & Operations unit of the former International Business. He has also served as Head of Western Europe.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

EUROHOLD increases share capital by BGN 80 million

Bulgaria-based Eurohold plans to increase its share capital by BGN 80 million through preferred shares, the new total reaching BGN 277 million. The capital growth will help the company to reduce its debt and support expansion plans.


Sava Re's FY2018 net profit rises 38% y-o-y

The Sava Re Group ended 2018 with a net profit of EUR 43 million, delivering a 13.1% return on equity. In 2018, the Group's equity grew by 7.6% to EUR 340.2 million as of December 31, 2018. The Group's net technical provisions stood at EUR 1.1 billion.


GENERALI Group results for year 2018

In 2018, GENERALI Group operating result reached EUR 4,857 million (+3.0%), with a net profit of EUR 2,309 mil. (+9.4%). The total gross written premiums (GWP) of the Group amounted EUR 66,691 mil. (+4.9%).



Bulgaria: Boiko ATANASSOV appointed as FSC's head

The Parliament of the Republic of Bulgaria appointed Boiko ATANASSOV as Chairperson of the Financial Supervision Commission (FSC) on March 15, with 134 votes in favour, none opposed or abstained.



Climate and cyber: two Cs with catastrophic potential and the insurance business - under debate in Vienna, on April 9

10 years after its inception, the Romanian mandatory dwelling insurance system has progressed and PAID, the pool underwriting and managing the mandatory policies is a strong and financially sound institution. "We are currently managing a reinsurance program worth EUR 920 million, with a pool of excellent reinsurers, more than half of them rated AA+, while the company's solvency rate is of 220%," recently stated Nicoleta RADU, CEO, PAID.


Conclusions: TBILISI - the first Georgian International Insurance Conference

The first Georgian International Insurance Conference took place on 14 March 2019. The event put under scrutiny the current status and the future development perspectives of the local market, in an attempt of identifying the main growth opportunities. The forthcoming launch of the mandatory MTPL system was the most important topic on the agenda, as this new line of business has the potential to provide for a significant growth, but also to become a market disruptor.


See all