Reinsurance News

Pacific Life names Chief Marketing Officer of Retirement Solutions Division

17th April 2020 - Author: Matt Sheehan

US life insurer Pacific Life has announced the appointment of Kevin Kennedy as Senior Vice President, Sales and Chief Marketing Officer of the company’s Retirement Solutions Division.

Kennedy joins Pacific Life from AXA Equitable Holdings (EQH), where he served as Managing Director and head of the company’s largest business unit, individual retirement.

At EQH, he was responsible for defining and implementing product design and pricing, business strategy, and distribution of the individual retirement product line into multiple channels,

He also led a team of 250 including key accounts, wholesalers, actuarial, product, and operations. EQH lists $735 billion in assets under management, as of Dec. 31, 2019.

At Pacific Life, Kennedy will oversee the division’s sales and marketing organization with oversight for sales execution and analytics, strategic partner and asset manager relationships, structured settlements, and expansion into the registered investment advisor (RIA) market.

The division had more than $14 billion in 2019 sales in fixed annuities, variable annuities, structured settlements, and retirement plan annuities.

“Kevin’s leadership skills, coupled with an impressive retirement industry background, equip him well to be a key leader in our organization as we navigate through a period of growth and transformation,” said Joe Celentano, Executive Vice President and Head of the Retirement Solutions Division.

“Kevin truly stands out among others in the industry, and his talents make him ideally suited to help build upon Pacific Life’s legacy and strength in retirement solutions,” Celentano added.

The Retirement Solutions Division offers products and solutions to support asset growth, sustainable retirement income, and long-term financial independence.

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