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Lincoln Financial Restructures Insurance Unit

The new arrangement simplifies the structure of the business and increases the responsibilities of the senior leaders, the company says.

Philadelphia-based Lincoln Financial Group has outlined a new structure for its insurance and retirement solutions business.

Rob Grubka, President, Group Protection, leads strategy and marketing, product development, underwriting, distribution and service.

Brian Kroll, Head of Annuity Solutions, is responsible for annuity product management, product positioning, retirement solutions research and development and funds management

Mike Burns, Head of Insurance Solutions, takes on the manufacturing operations of the Life Insurance business, which now includes underwriting and new business, product management and product positioning.

Jeff Coutts, Head of Financial Management, continues to lead the financial management portion of the businesses, which includes valuation, profitability and risk management, product pricing review and asset liability management for all individual life insurance, annuity and group protection products.

Lastly, Kristen Phillips will rejoin the company as SVP and Head of Strategy and Marketing for the Insurance and Retirement Solutions business. This includes marketing and communications as well as product compliance and implementation. She last Executive Director of the Hartford Symphony Orchestra.

"Lincoln is investing heavily in our ability to grow the core businesses while we explore new opportunities that fuel our long-term success. I'm confident that our new structure will allow us to use our existing strengths to create an even more powerful and dynamic business," Mark Konen, President of Insurance and Retirement Solutions for Lincoln Financial Group, says in a statement. "Kristen's addition, along with the new organizational structure, will help us continue to deliver industry leading solutions and drive overall growth for the company."

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

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