Greig Woodring, Chief Executive Officer (CEO) of Reinsurance Group of America (RGA), one of the world’s leading life reinsurers, has been appointed to Sun Life Financial’s Board of Directors effective January 1st, 2017.
As well as the addition of Woodring, Sun Life Financial also announced that Stephanie Coyles, a strategic consultant and advisor with a broad client base across North America, has also joined the firm’s Board of Directors, effective January 1st, 2017.
Being the CEO of RGA, a prominent life reinsurer, it’s interesting that Woodring has been appointed to the Sun Life Board, and could suggest that the two companies will work closely together in the future, although this is unclear.
Woodring has more than 40 years of international and U.S. insurance and reinsurance experience, starting his career at United Insurance Company in Chicago, before joining General American Life Insurance Company (now GenAmerica Financial) in the late 70’s, where he eventually held the position of Executive Vice President (EVP) of its reinsurance unit.
The GenAmerica reinsurance division led to the creation of RGA, and in 1993 Woodring led the company’s first initial public offering (IPO), becoming the reinsurer’s first CEO.
Woodring graduated from the University of Illinois with a Master of Science in Mathematics, and also obtained a Masters of Business Administration from Washington University in St. Louis. He also holds a Bachelor of Science in Mathematics from the University of Michigan, and is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries. Woodring will serve on the Risk Review Committee and Management Resources Committee at Sun Life, as part of his appointment to the Board.
Coyles’ diverse client base includes retail, consumer distribution, private equity and business consulting entities, spread across North America. She has previously held the position of Chief Strategic Officer (CSO) at LoyaltyOne Co., and has also been a principal at McKinsey & Company Canada. Coyles also serves on the Board of Metro Inc., a food retailer, and is a member of the Metro Audit Committee.
She holds a Masters in Public Policy from the Kennedy School of Government at Harvard University, and also holds a Bachelor of Commerce degree from the Queen’s University School of Business. As part of her appointed to the Sun Life Board, Coyles will serve on the Governance, Nomination & Investment Committee and the Audit & Conduct Review Committee.