MetLife, Inc. has announced the appointment of Bryan Boudreau as Executive Vice President and Global Chief Actuary. Boudreau succeeds Andy Rallis, who will retire on the 10th of May 2023, after a 39-year career at MetLife where he was the Global Chief Actuary for the last 11 years.
In the new role, Boudreau will lead a global team that uses valuations, experience studies, pricing, modelling, asset and liability management and other actuarial functions.
Boudreau will report to Chief Financial Officer John McCallion, who thanked Rallis for his tenure at the firm and welcomed Boudreau saying, “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 has previously worked at MetLife earlier in his career and re-joined the company in 2013.
He has also served in leadership and advisory positions at New York Life Insurance Company, Mercer Investments, Morgan Stanley, and Barclays Capital, and began his career as a pension consultant at Hewitt Associates.
Rallis commented on his upcoming retirement from the firm stating, “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. 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.”
MetLife, through its subsidiaries and affiliates, is a financial services company that provides insurance, annuities, employee benefits and asset management to individuals and institutional customers.
The company 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.
