Presidential Life has named Duncan Szeto as the new chief actuary of its operating subsidiary, Presidential Life Insurance Company. Mr Szeto replaces Jerrold Scher. He joined Presidential Life in 2007 as vice president of financial modeling.
Prior to joining Presidential Life, Mr Szeto served in various actuarial roles at MetLife, Inviva and Prudential Financial. He also has several years of actuarial consulting and audit firm experience.
Donald Barnes, vice chairman of the board, CEO and president of Presidential Life, said: “Duncan’s actuarial expertise and leadership skills will be a valuable asset to the insurance company in 2010 and beyond.
“I am confident that Duncan will further complement the work of our leadership team in executing against our three-year strategic plan, particularly in our efforts to diversify our product portfolio, along with prudently managing our investment portfolio and strengthening our balance sheet.”
Source : Insurance News Net