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April 25, 2015 11:51 PM ET

Insurance

Company Overview of Pacific Life Insurance Company

Company Overview

Pacific Life Insurance Company, together with its subsidiaries, provides various life insurance products, mutual funds, and investment advisory services in the United States. The company operates in three segments: Life Insurance, Retirement Solutions, and Aircraft Leasing. The Life Insurance segment provides various life insurance products, including universal life, variable universal life, survivor life, interest sensitive whole life, and corporate-owned life insurance, as well as traditional products, such as whole life and term life to the upper income and corporate markets. This segment distributes its products through regional life offices, marketing organizations, broker-dealer firms,...

700 Newport Center Drive

Newport Beach, CA 92660-6397

United States

Founded in 1868

2,837 Employees

Phone:

949-219-3011

Fax:

949-219-7614

Key Executives for Pacific Life Insurance Company

Chairman, Chief Executive Officer, Chairman of Pacific Life Corp, Chairman of Pacific Mutual Holding Company, Director of Pacific Life Corp and Director of Pacific Mutual Holding Company
Age: 54
President, Director, Director of Pacific Mutual Holding Company and Director of Pacific Lifecorp
Age: 57
Chief Financial Officer and Executive Vice President
Senior Vice President of Operations
Executive Vice President of Corporate, Chief Executive Officer of Pacific Select Funds and Chief Executive Officer of Pacific Life Funds
Age: 63
Compensation as of Fiscal Year 2014.

Pacific Life Insurance Company Key Developments

Pacific Life Insurance Company Announces Ten Assistant Vice President Promotions, Effective April 1, 2015

Pacific Life Insurance Company announced ten assistant vice president promotions. The following promotions will be effective April 1, 2015. Darrell Dell’Andrea,FLMI, CLU, to assistant vice president, Compliance, Retirement Solutions Division Mr. Dell’Andrea joined Pacific Life in 1996 as a compliance manager in the Retirement Solutions Division and was promoted to director in 2002. He is responsible for managing the consumer relations compliance unit which includes negotiating compliance-related settlements and resolutions, customer complaints and escalation, subpoena and litigation inquiries and responses, anti-fraud special investigative unit, and the delivery of regulatory compliance and regulatory affairs services and support. In his new role, Mr. Dell’Andrea will also oversee the product compliance unit. His responsibilities will include active involvement in the product development process, management of all form filing initiatives with regulators, and the issuing of approved contracts in accordance with the terms of sale and regulations. Dominic Faso to assistant vice president, Treasury & Investment Operations, Corporate Division Mr. Faso, a resident of Aliso Viejo, joined Pacific Life in 1997 as a business service representative. Over the years, Mr. Faso advanced through a variety of cash management and investment analysis-related roles. As assistant vice president, Mr. Faso will support the treasurer and assistant treasurer in representing Treasury in all capacities covering internal initiatives, as well as external presentations and negotiations with banks, broker dealers, vendors and financial institutions, in addition to overseeing Investment Operations, Treasury Control Operations, Treasury PMO, Travel & Expense Reimbursement, and Vendor Management teams. Gordon Grant to assistant vice president, Financial and Capital Markets, Aviation Capital Group Mr. Grant joined Pacific Life in 2010 as director, Commercial Aviation Economic Analysis, for Aviation Capital Group (ACG). As assistant vice president, Financial and Capital Markets, Mr. Grant will continue his responsibilities for developing and overseeing ACG’s economic analysis, pricing and capital market-related functions. Mark Karpe, JD, to assistant vice president, Counsel, Corporate Division. Mr. Karpe joined Pacific Life in 2004 as a compliance consultant in the Corporate Division and was promoted to director, Corporate Compliance, in 2005. As assistant vice president, Counsel, Mr. Karpe will continue to have direct responsibility and oversight for regulatory issues relating to the Pacific Select Funds and Pacific Funds. William (Scott) Marshallto assistant vice president, Portfolio Management, Corporate Division. Mr. Marshall joined Pacific Life in 2001 as a securities operations analyst and was promoted several times before assuming the role of portfolio manager in 2007. As assistant vice president, Portfolio Management, Mr. Marshall will continue trading investment-grade, emerging-market and high-yield bonds, as well as conducting portfolio analysis aligning asset purchases with cash and duration needs. Mark McNeill, CFA, to assistant vice president, Investments, Corporate Division. Mr. McNeill joined Pacific Life in 2007 as an investment consultant with Pacific Life Fund Advisors (PLFA) and was promoted to director, Investments, in 2010. As assistant vice president, Investments, Mr. McNeill will continue to provide investment management expertise for the Pacific Select Fund and Pacific Funds, as well as develop investment strategies and fund manager recommendations for these portfolios. Kathleen Melgar to assistant vice president, Product Delivery, Retirement Solutions Division Ms. Melgar started at Pacific Life in 1980 serving in varying project management roles. As assistant vice president, Product Delivery, Ms. Melgar will have direct responsibility and oversight of all aspects of analyzing and delivering competitive business applications and related technology services to the entire Retirement Solutions Division product suite. Robert Salley, Ed.D., to assistant vice president, Organizational Effectiveness, Corporate Division. Dr. Salley joined Pacific Life in 2008 as a talent & organizational development consultant and was promoted to director of Organizational Effectiveness in 2011. In his new role, Dr. Salley will continue to provide expertise in organizational design and effectiveness as well as further develop the Organizational Effectiveness curriculum, standards, and tools used across the HR Business Partner function. Tarun Varma, CFA, to assistant vice president, Economic Capital Management, Corporate Division. Mr. Varma, a resident of Huntington Beach, joined Pacific Life in 2008 as a senior market & credit risk analyst in the Corporate Division’s Enterprise Risk Management department and was promoted in 2012 to director, Market & Credit Risk. As assistant vice president, Market & Credit Risk, Mr. Varma will continue to lead the research, measurement, and management of economic capital to promote its expanded use as an important management tool for decision-making within the company. Nicholas Weber, FSA, CERA, to assistant vice president, Senior Quantitative Strategist, Retirement Solutions Division. Mr. Weber joined Pacific Life in 2013 as an actuarial director in the Retirement Solutions Division, and assumed leadership of the division’s asset and liability management (ALM) team in 2014. As assistant vice president, Senior Quantitative Strategist, Mr. Weber will continue to lead risk management for the Retirement Solutions Division’s growing fixed products line in an expanded leadership role.

Motif Investing Partners with Pacific Life to Offer New Cause-Driven Investing Products for Millennials

Motif Investing announced a partnership with Pacific Life to offer new cause-driven investment models for millennials through its newly launched subsidiary, Swell Investing LLC. Swell uses Motif Investing's thematic investing platform to allow millennials to easily invest in the causes and issues they care about while growing their portfolios.

Pacific Life Insurance Company Announces Executive Promotions, Effective from April 1, 2015

Pacific Life Insurance Company recently announced nine officer promotions. The promotions will be effective April 1, 2015. Lorene Gordon to senior vice president, Operations & PMO, Retirement Solutions Division As senior vice president, Operations & PMO, Ms. Gordon will provide strategic advice to executive management pertaining to Operations and Customer Service in relation to the overall goals of the company, and the long-term vision and direction of the Retirement Solutions Division. She will also be responsible for setting the strategic direction of the Operations and Project Management functions and preside over programs, activities and functions that involve touch points that affect the customer experience and engagement with Pacific Life. Jean Billyou, JD, to vice president, Counsel, Corporate Division. As vice president, Counsel, Ms. Billyou will have expanded responsibilities, serving as the head of the M&A and Human Resources/Benefits legal functions, including benefits, ERISA, employee relations, employment law, and immigration issues. Kim Cunningham to vice president, Human Resources Business Partner, Corporate Division. In her new role as vice president, HR Business Partner, Ms. Cunningham will assume complete oversight of the HR Business Partner team. Her responsibilities will include setting strategic priorities, providing leadership for all teams, and guiding all Organization Development efforts. Ms. Cunningham is a resident of Irvine and received a bachelor’s degree from Adrian College in Adrian, Michigan. Mark Falk to vice president, Operations, Pacific Asset Advisors, LLC. Shelly Higgins to vice president, Accounting Systems, Operations & Strategic Initiatives, Corporate Division. As vice president, Accounting Systems, Operations & Strategic Initiatives, Ms. Higgins will have expanded responsibilities in overseeing the consolidated service unit functions which will include a newly created strategic initiatives function, responsible for strategic initiatives and business process improvements for all Corporate Finance areas. Ms. Higgins graduated with a bachelor’s degree in business economics with an emphasis in accounting from the University of California, Santa Barbara. David Lautenschlager, FSA, MAAA, to vice president, Product Design, Retirement Solutions Division. Cheryl Tobin, JD, to vice president, Counsel, Corporate Division. As vice president, Counsel, Ms. Tobin will have expanded responsibilities, serving as the head of the Insurance & Regulatory legal functions. Steve Toretto, CPA, JD, CLU, ChFC, to Associate General Counsel, Corporate Division. In his new role, Mr. Toretto will oversee legal matters regarding Investments, Mutual Funds and Tax, and will also expand his responsibilities to provide guidance and direction on various business initiatives and activities to executive management. Eddie Tung to vice president, Regulatory Products Accounting, Corporate Division.

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