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Lincoln Financial Group Promotes Stephen Turer to Head of Annuity Business
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Rhea-AI Summary
Lincoln Financial Group (NYSE: LNC) has appointed Stephen Turer as the new senior vice president and head of the Annuity business, effective July 1, 2022. Turer succeeds Brian Kroll, who is retiring after 40 years in the industry, including 18 at Lincoln. Turer's extensive experience includes leadership roles in pricing and valuation for annuity products. As of March 31, 2022, Lincoln Financial reported $308 billion in account values, reflecting its strong market position in retirement and insurance solutions.
Positive
Stephen Turer's appointment brings extensive experience in annuity pricing and valuation.
Brian Kroll's retirement may lead to transitional challenges in leadership within the Annuity business.
Brian Kroll to retire after 18 years at Lincoln Financial and 40 years in the industry
RADNOR, Pa.--(BUSINESS WIRE)--
Lincoln Financial Group (NYSE: LNC) announced today that Stephen Turer has been named senior vice president and head of the Annuity business, effective July 1, 2022. Turer succeeds Brian Kroll, who will be retiring after a successful career spanning 40 years in the industry, the last 18 of those with Lincoln Financial. Turer will report to Matthew Grove, who, as previously announced, will join Lincoln Financial in July as head of Individual Life & Annuities and Lincoln Financial Network.
“Brian has had an incredible career and played a critical role in helping Lincoln’s annuity business grow and evolve to meet the ever-changing needs of our partners and customers. On behalf of the entire leadership team at Lincoln, we are grateful for all he has done here and wish him the very best in his retirement,” said Ellen Cooper, CEO-Elect, Lincoln Financial. “Stephen is a strong leader and his deep knowledge and expertise will position us well as we continually enhance our industry-leading annuities product portfolio.”
Turer joined Lincoln Financial in 2005 as assistant vice president, Annuity Pricing, and took on increasing responsibility within the Annuity business. Most recently, he served as senior vice president, Annuity Product, Pricing and Valuation, leading pricing and business unit valuation for Lincoln Financial’s annuity products and the in-plan guaranteed solutions offered by the Retirement business. Throughout his career at Lincoln, Stephen has served as lead architect in several large annuity reinsurance transactions for both variable and fixed indexed annuities, including Union Hamilton Reinsurance and Athene Holding Ltd. Turer is the co-executive sponsor of Lincoln’s LGBTQ+ Business Resource Group (BRG). Prior to joining Lincoln, he was an actuary with Travelers Life & Annuity. Turer earned a bachelor’s in Actuarial Science from Penn State University.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, approximately 16 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, and guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $308 billion in end-of-period account values as of March 31, 2022. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good and ranks among Newsweek’s Most Responsible Companies. Dedicated to diversity, equity and inclusion, we are included on transparency benchmarking tools such as the Corporate Equality Index, the Disability Equality Index and the Bloomberg Gender-Equality Index. Committed to providing our employees with flexible work arrangements, we were named to FlexJobs’ list of the Top 100 Companies to Watch for Remote Jobs in 2022. With a long and rich legacy of acting ethically, telling the truth and speaking up for what is right, Lincoln was recognized as one of Ethisphere’s 2022 World’s Most Ethical Companies®. Learn more at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com.
