Will supervise senior management team of Transamerica Reinsurance’s US business
Transamerica Reinsurance, a division of Transamerica Life Insurance, has selected Michael Farley as the senior vice president and CFO of its US business.
Farley will report to Joe Gilmour, CFO of Transamerica Reinsurance, and will supervise Transamerica Reinsurance’s senior management team.
Joe Gilmour said: “We are very pleased to have Mike on board. His life reinsurance background plus his experience in retail markets is valuable to our organisation. I am confident that Mike’s knowledge and expertise will be a tremendous asset as we continue to drive profit and growth opportunities in the US life reinsurance market.”
Mr. Farley will be responsible for the control environment for financial processes that pertains to the US business. He would provide financial perspective and analysis in the development and execution of strategy, and key initiatives designed to improve performance and capabilities of Transamerica Reinsurance, said the company.
He has over 20 years of experience in life insurance and reinsurance, including senior finance positions at Allianz, Life USA, ING Re and, most recently, Conseco.