Hartford names Dan Guilbert chief actuary of its life insurance unit

The Hartford (Conn.) Financial Services Group Inc. has named Dan Guilbert chief actuary of Hartford Life Insurance Co. Mr. Guilbert, who was a chief risk officer for the Simsbury, Conn.-based carrier, will oversee actuarial policies, product pricing and design, business risk management, reinsurance and variable annuity hedging. He replaces Jim Trimble, who is retiring after 31 years at the helm of the carrier’s product design and pricing duties. Mr. Guilbert steps into the chief-actuary role about a year after many life carriers — including The Hartford, a one-time VA sales leader — suffered capital depletion and steep declines in their VA accounts. Additionally, at the time, a number of insurers failed to hedge their variable annuities properly for extreme market volatility, leading to large losses for the carriers.