(Updates to show the position is newly created in the second paragraph, adds biographical information in fifth.)
Jan. 10 (Bloomberg) -- Aflac Inc., the largest seller of supplemental health coverage, named J. Todd Daniels as global chief risk officer.
Daniels, who was most recently senior vice president, deputy corporate actuary, will report to Chief Financial Officer Kriss Cloninger, the insurer said today in a statement. The newly created post is based in Aflac’s headquarters in Columbus, Georgia, Laura Kane, a spokeswoman for the insurer, said in an e-mail.
Aflac, which took losses on securities tied to European banks, is increasing Daniels’s duties after the departure of Lori Evangel from a post overseeing investment risks. Genworth Financial Inc., the seller of life insurance and mortgage guaranties, announced this week that it hired Evangel to be chief risk officer. The assignment for Daniels, 43, will include risk management for investments in both the U.S. and Japan, Aflac said.
“His proven management skills, combined with an in-depth understanding of our insurance operations as well as risk- management principles and practices, well-position him to lead Aflac Incorporated’s global risk function,” Cloninger said in the statement.
Daniels has a bachelor’s degree in applied mathematics from Auburn University. He joined Aflac in 2002 from Liberty National Life Insurance Co., according to the statement.
Aflac gained 1.4 percent to $65.17 in New York trading today. The insurer has rallied 22 percent in the past year.
--Editors: Steven Crabill, Dan Kraut