NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Pacific Life today announced Alessandro Papa as its Chief Risk Officer. In this role, he will serve in an enterprise-wide capacity overseeing the company’s risk management framework and corporate actuarial function.
Papa joins Pacific Life from MetLife, Inc., where he served as Chief of Staff to the President and Chief Executive Officer and was responsible for driving major strategic initiatives and managing MetLife’s Reinvestment fund. Previously, he served as head of Insurance and Product Risk Management where he oversaw actuarial assumptions and pricing for major products, as well as the development of insurance risk analytics within Global Risk Management, and as U.S. Chief Risk Officer, where he was responsible for risk oversight of all U.S. business and MetLife Holding operations. He was also a member of MetLife's U.S. business senior leadership team.
At Pacific Life, Papa’s responsibilities include maintenance and execution of the company’s risk strategy, governance activities as Chair of the Enterprise Risk Committee, active participation in Board Audit and Investment & Finance Committees, and oversight of the corporate actuarial function. Papa replaces John Dieck, Pacific Life’s previous Chief Risk Officer, who was appointed to Chief Financial Officer of the Life Insurance Division.
“Alessandro’s leadership and extensive experience in insurance risk and asset liability management not only equip him to be a strong leader in our organization, but also make him a valuable asset as we continue to execute our long-term enterprise strategy,” said Darryl Button, Chief Financial Officer, Pacific Life. “His impressive track record of successfully designing and implementing leading-edge risk management strategies and capabilities will support the delivery of our strategic growth goals.”
About Pacific Life
For more than 150 years, Pacific Life has helped millions of individuals and families with their financial needs through a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Pacific Life counts more than half of the 100 largest U.S. companies as its clients and has been named one of the 2020 World’s Most Ethical Companies® by the Ethisphere Institute. For additional company information, including current financial strength ratings, visit www.PacificLife.com.
