September 21, 2017 10:57 PM ET


Company Overview of Pacific Life Insurance Company

Company Overview

Pacific Life Insurance Company, together with its subsidiaries, provides various life insurance products, annuities, mutual funds, aircraft leasing, and reinsurance services in the United States. The company operates in four segments: Life Insurance, Retirement Solutions, Aircraft Leasing, and Reinsurance. The Life Insurance segment provides various life insurance products, including universal life, indexed universal life, variable universal life, survivor life, interest sensitive whole life, corporate-owned life insurance, and traditional products, such as whole life and term life. This segment distributes its products through regional life offices, marketing organizations, broker-dealer fi...

700 Newport Center Drive

Newport Beach, CA 92660

United States

Founded in 1868



Key Executives for Pacific Life Insurance Company

Chairman, CEO & President
Age: 57
Executive VP, CFO & Director
Age: 48
Executive VP, COO & Director
Chief Executive Officer of Aviation Capital Group
Age: 60
Chief Executive Officer of Pacific Life Re
Compensation as of Fiscal Year 2017.

Pacific Life Insurance Company Key Developments

Pacific Life Announces Executive Promotions

Pacific Life Insurance Company has announced eight new officer promotions, effective April 1, 2017. David Chang to Vice President, Enterprise Risk Management, Corporate: As vice president of enterprise risk management, Mr. Chang is responsible for the development of strategies, policies, and standards for managing market risks across the enterprise. His responsibilities include oversight of aggregate equity, interest rate, and credit risk for the enterprise. Additionally, he is responsible for developing key long-term assumptions used in financial valuation of liabilities enterprise wide and assumptions used within the strategic planning process. Hany Gobreial to Vice President, Corporate Risk and Capital Management, Corporate: As vice president, corporate risk and capital management, Mr. Gobreial will serve as the corporate division risk officer, assist with Aviation Capital Group risk management, oversee capital management and asset allocations for the corporate surplus portfolio, serve on the Investment Management Counsel, and manage liquidity. Daniel Beeson to Assistant Vice President, Operations Service Solutions, Retirement Solutions Division: As assistant vice president, Mr. Beeson’s role has expanded from organizing and directing the annuity customer service department and operations account management team, to also include oversight of the new business department and the quality review team. He will also assume responsibility for the customer experience and omni-channel initiatives implementation, providing the continuing advancement of the division’s customer service model. Steve Goldberg to Assistant Vice President, Annuity Product Management, Retirement Solutions Division: As assistant vice president, Mr. Goldberg will continue to be responsible for managing product sales training and annuity sales positioning staff, as well as representing sales in new product design and development, rate setting, and all aspects of annuity illustrations. Additional responsibilities include competitive intelligence for all annuities and industry data aggregation, including leading the collection and delivery of competitive information to the field and internal partners. Charles Jernigan to Assistant Vice President, Real Estate Investment Accounting and Reporting, Corporate: As assistant vice president, Mr. Jernigan will continue to lead the financial and operational accounting for debt and equity investments within the Real Estate Investments group. His promotion recognizes his expanded scope of responsibilities in managing the accounting and reporting for an increasingly larger and more complex real estate investment portfolio. Michael Lonia to Assistant Vice President, Head of Trading, Pacific Asset Management: As assistant vice president, Mr. Lonia is expanding his responsibilities in managing Pacific Asset Management’s (PAM) trade activities and further establishing PAM across the broker-dealer community. Mr. Lonia is also a credit analyst covering the building products and homebuilders sector. Mallik Ravipati to Assistant Vice President, Application Development, Life Insurance Division: As assistant vice president, in addition to his continued leadership of the application development team responsible for the Life Insurance Division’s new business, underwriting, Prime Portal, and commission processing systems, Mr. Ravipati’s new role will have expanded responsibilities, including extending the new business and underwriting platforms to LID’s core business. Patricia Thompson to Assistant Vice President, Compliance, Retirement Solutions Division: As assistant vice president of compliance, Ms. Thompson will assume responsibility for product compliance while continuing to oversee regulatory compliance matters, where she is responsible for the review and analysis of proposed legislative and regulatory activities related to RSD’s products.

Pacific Life Announces Key Leadership Promotions

Pacific Life Insurance Company announced updates to its executive leadership team. Adrian Griggs, currently executive vice president and chief financial officer (CFO), has been appointed chief operating officer. Effective March 2017, Darryl Button will join Pacific Life from Aegon N.V., to serve as chief financial officer. Carol Sudbeck, senior vice president, corporate, has been appointed chief administrative officer. In his new role effective January 1, 2017, Mr. Griggs will be responsible for leading efforts to enhance the coordination of the company’s Life Insurance Division and Retirement Solutions Division, including growth, innovation, customer strategies, and operational efficiencies. A part of his focus will be to look to leverage synergies between the company’s retirement and life insurance product lines. Additionally, he will continue his focus on growing the asset management business through Pacific Asset Advisors LLC. Effective January 1, 2017, Ms. Sudbeck will oversee all non-financial corporate areas, including legal, human resources, facilities, corporate information technology, brand management, and public affairs. In this role, she will be responsible for enhancing service levels to Pacific Life’s divisions, increasing coordination within areas, operational efficiencies, and building out capabilities within each of the functional areas.

Pacific Life Insurance Company Announces Management Changes, Effective January 1, 2017

Pacific Life Insurance Company announced Dawn Trautman, senior vice president, product and strategy management, will succeed Rick Schindler as leader of the company’s Life Insurance Division, effective January 1, 2017. As executive vice president, Ms. Trautman will continue to focus on the growth and profitability of the Life Insurance Division, while continuing expansion efforts in core and new markets. She joined the company in 2001 as a program manager in the Life Insurance Division, where she has held a wide array of senior management roles with increasing responsibility over the last several years.

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