MassMutual Appoints Isadore Jermyn Chief Actuary
(Springfield, Mass.) - Massachusetts Mutual Life Insurance Company (MassMutual) announced today that Isadore Jermyn, senior vice president, has been named chief actuary.
As chief actuary, Jermyn, 57, has enterprise-wide oversight of actuarial reviews, monitoring and compliance matters related to product reserves, product pricing and illustrations, legally-required actuarial opinions, and other actuarial activities. He is also responsible for MassMutual’s actuarial team, recommends and develops the company’s annual policyholder dividend schedule, and serves as MassMutual’s primary rating agency liaison.
Mr. Jermyn joined MassMutual in 1980 after brief work experiences at Southern Life Association in South Africa, and the Prudential Assurance Co. in England and Canada. During his tenure at MassMutual, he has worked in various senior management positions in the individual life, annuity and disability income product development and financial analysis. In his role as chief actuary, he will report to Michael T. Rollings, executive vice president and chief financial officer, MassMutual.
“Isadore has served in a range of critical actuarial positions at MassMutual over his 27 year career, and his depth of experience and knowledge are well suited to the role of chief actuary,” Mr. Rollings said. “His role is a critical one for the success of our organization, and his keen insight and expertise will be invaluable as MassMutual continues to make actuarial decisions that help ensure long-term financial security for our policyholders and clients.”
A native of Cape Town, South Africa, Mr. Jermyn graduated from the University of Cape Town in 1973 with a bachelor of science in mathematics and statistics and a bachelor of business science in economics, management and actuarial science. In 1980, he earned a master’s degree in politics, philosophy and economics from the University of Oxford in England. He is a Fellow of the Institute of Actuaries, an Associate of the Society of Actuaries, and a member of the American Academy of Actuaries.
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