Life insurer combines actuarial teams under new leader

Sammons Financial Group, which owns Bermuda-based international life insurer SFG Bermuda, has promoted Linda Durman to the new position of vice president, annuity product development and inforce management.

The change combines two closely related actuarial teams. The annuity product development and inforce management teams joined under Durman’s leadership on September 11, 2023.

Durman moves from the Sammons Financial Group risk management team to the Sammons independent annuity group leadership team to directly oversee annuity product development and inforce management. She will collaborate on creating new products, working closely with annuity leadership to prioritise and coordinate product introductions while simultaneously managing inforce account priorities. Durman reports to Rob TeKolste, president, Sammons Independent Annuity Group.

Durman has been with the company since January, 2014 when she joined as vice president, annuity product management. She was most recently Sammons Financial Group’s vice president, risk and asset liability management (ALM). In her time on the corporate services team, she transformed the ALM process, developing it from a reporting exercise to robust and actionable management information supporting the company’s ALM, liquidity management, SFG Bermuda valuation, and various risk initiatives.

SFG Bermuda was established in 2022 as a subsidiary of Sammons Financial Group. It supports Sammons Financial Group in providing life insurance, annuity, and retirement-planning products.