TAL appoints Chief Risk Officer
Life insurer TAL has moved to strengthen its risk management profile with the creation of a Chief Risk Officer position within its senior executive team.
The company announced this week it had appointed Scott Mackenzie to the role based on his extensive experience in financial services in the United States, Latin America and Canada.
Commenting on the appointment, TAL Group chief executive Jim Minto said the appointment would not only serve to boost TAL's already strong risk management capability but to also elevate it to a specific executive management role.
"As a 140-year-old life insurer, TAL obtains most of its earnings from effectively taking risk so we have strong risk management capabilities," he said. "Enhancing our risk management capability and approach reflects on the continuing growth of the company and helps underpin the promises we make to our customers and partners that we will be there when they need us."
He said that along with the CRO appointment, a dedicated TAL Board Risk Committee had been established, along with a framework to share risk management expertise and best practice across the broader Dai-ichi Life Group of companies.
AUTHOR
Mike Taylor
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