Sun Life Appoints New Chief Actuary

Larry Madge was last CFO of the company's U.S. subsidiary.

Sun Life Financial Inc. has appointed Larry Madge senior VP and Chief Actuary.

In this role, Madge has responsibility for the corporate oversight of actuarial practices enterprise-wide and provides leadership, direction and vision for the global actuarial community.

Madge joined Clarica, a company that was acquired by Sun Life in 2002, in 1986. Last serving as senior VP and CFO for Sun Life U.S., he has "extensive" Sun Life leadership experience in Canada and the United States spanning actuarial, finance and product lines, according to a company statement

"Larry has been instrumental in helping to manage and improve the risk profile of Sun Life's U.S. businesses and to plan Sun Life's U.S. strategy," said Claude Accum, Executive Vice-President & Chief Risk Officer, in a statement. "This will position him well as he broadens his area of responsibility to Sun Life's businesses worldwide."

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Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio