Larry Madge has been appointed as senior vice-president and chief actuary for Sun Life Financial Inc.
As chief actuary, Madge has responsibility for the corporate oversight of actuarial practices enterprise-wide and provides leadership, direction and vision for the actuarial community globally. He has extensive Sun Life leadership experience in Canada and the United States spanning actuarial, finance and product lines.
“Larry has been instrumental in helping to manage and improve the risk profile of Sun Life’s U.S. businesses and to plan Sun Life’s U.S. strategy,” said Claude Accum, executive vice-president and chief risk officer. “This will position him well as he broadens his area of responsibility to Sun Life’s businesses worldwide.”
Madge joined Clarica in 1986, which became part of Sun Life in 2002, and he held actuarial as well as product development and business line roles in Sun Life’s Canadian business prior to his appointment as chief actuary for Sun Life Financial Canada in 2005. In 2010, he became senior vice-president and chief actuary for Sun Life Financial U.S. Madge was then appointed senior vice-president and chief financial officer for Sun Life Financial U.S. in 2011.
Madge is a fellow of the Canadian Institute of Actuaries and the Society of Actuaries.
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