MetLife Names Bryan Boudreau New Global Chief Actuary

Rhea-AI Summary

MetLife, Inc. (NYSE: MET) has appointed Bryan Boudreau as executive vice president and Global Chief Actuary, effective May 11, 2023. He will succeed Andy Rallis, who retires after 39 years, including 11 years in the chief actuary role. Boudreau, previously the U.S. Chief Actuary and head of Global Asset Liability Management, brings extensive experience from his roles at various financial firms. His leadership will focus on actuarial functions to ensure MetLife meets its obligations to customers and shareholders. The announcement underscores the company’s commitment to risk management and analytical decision-making.

Positive

• Appointment of Bryan Boudreau emphasizes strong leadership in actuarial functions.
• Boudreau's extensive experience can enhance MetLife's financial stability and risk management.

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• None.

NEW YORK--(BUSINESS WIRE)-- MetLife, Inc. (NYSE: MET) today announced that Bryan Boudreau has been named executive vice president and Global Chief Actuary, effective May 11, 2023. Boudreau will report to Chief Financial Officer John McCallion. In this role, Boudreau will lead a global team that uses valuations, experience studies, pricing, modeling, asset and liability management and other actuarial functions to ensure MetLife meets its obligations to customers and shareholders.

Boudreau succeeds Andy Rallis, who will retire effective May 10, 2023, after a 39-year career at MetLife – including 11 years as Global Chief Actuary.

“Our actuarial team plays a critical role on the front line evaluating the potential financial impacts of uncertainty and risk exposure,” said McCallion. “I want to sincerely thank Andy for his invaluable contributions and leadership over the years, and welcome Bryan into the role. Bryan brings deep expertise in the field, including valuable skills and experience that will help ensure we continue to successfully meet our commitments to our stakeholders – including our shareholders and customers who place their trust in us every day.”

Boudreau currently serves as U.S. Chief Actuary and head of Global Asset Liability Management at MetLife. His responsibilities include overseeing all actuarial functions for MetLife in the U.S., including liability valuation and asset liability management. Boudreau worked at MetLife earlier in his career and re-joined the company in 2013. Prior to MetLife, Boudreau held leadership and advisory positions at New York Life Insurance Company, Mercer Investments, Morgan Stanley, and Barclays Capital. He began his career as a pension consultant at Hewitt Associates. He is a fellow of the Society of Actuaries, a member of the American Academy of Actuaries and is a CFA^® charterholder.

"I’m privileged to have been a part of this organization for almost a quarter of its history and to have led the actuarial organization for more than a decade,” said Rallis. “On a bedrock of integrity, our actuaries have consistently deployed cutting-edge analytics to allow management to make the best decisions possible, carefully balancing risk and reward against a background of constantly shifting regulation."

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

Forward-Looking Statements

The forward-looking statements in this news release, using words such as “continue” and “will” are based on assumptions and expectations that involve risks and uncertainties, including the “Risk Factors” MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife’s future results could differ, and it does not undertake any obligation to publicly correct or update any of these statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230323005665/en/

For Media:

Brian Blaser

(212) 578-2415

bblaser@metlife.com

Source: MetLife, Inc.

FAQ

Who is the new Global Chief Actuary for MetLife as of May 2023?

Bryan Boudreau has been appointed as the new Global Chief Actuary for MetLife, effective May 11, 2023.

What role did Andy Rallis have at MetLife before retiring?

Andy Rallis served as the Global Chief Actuary at MetLife for 11 years before retiring on May 10, 2023.

What responsibilities will Bryan Boudreau have as Global Chief Actuary?

Bryan Boudreau will lead a global team focusing on valuations, pricing, modeling, and asset and liability management at MetLife.

What does the appointment of Bryan Boudreau signify for MetLife?

Boudreau's appointment highlights MetLife's commitment to strong actuarial leadership and effective risk management.

When did Bryan Boudreau start his role at MetLife?

Bryan Boudreau's role as Global Chief Actuary at MetLife begins on May 11, 2023.