International life insurance group, Talcott, has announced the appointment of Imran Siddiqui as the Chief Executive Officer of Talcott Financial Group, effective immediately.
Siddiqui has extensive experience leading and growing life insurance and annuity companies, as well as other financial services businesses, and he has played a key role in strengthening Talcott’s capabilities as a scaled partner to the insurance sector.
Since Sixth Street’s acquisition in 2021, Talcott has completed six transactions with leading life insurance and annuity providers, reinsuring over $50 billion of assets through block and flow reinsurance.
Michael Muscolino, Co-Founder and Partner at Sixth Street, said: “The Board’s decision reflects our strong conviction that Imran is the right person to lead Talcott as it continues to be a responsible steward of capital for policyholders and reliable solutions provider for companies across the life insurance and annuity sector.”
Prior to his appointment, Siddiqui had been leading Talcott for the past year and a half as Interim President. In his new role, he will be working in collaboration with Mike Smith, Executive Chairman.
Smith commented: “Imran’s leadership and deep experience in the insurance and financial services industry have already benefited Talcott through our business development activity.
“We will continue to execute on Talcott’s focused growth strategy and shape the life insurance and annuity industry as its premier risk partner.”
“It has been a privilege to lead Talcott’s team of talented professionals, and I am honoured to be appointed Chief Executive Officer,” said Siddiqui. “We are dedicated to providing lasting value to our policyholders while furthering our journey of growth, innovation, and success. I look forward to partnering with Mike Smith in building upon Talcott’s robust foundation.”
Prior to joining Talcott, Siddiqui was an independent consultant for companies across the financial services sector. He previously was a Senior Partner at Apollo Global Management and held roles at Oak Hill Capital Partners and Goldman Sachs.
