Symetra Life Announces New Organizational Structure, New Leadership to Drive Business Strategy

Dan Guilbert Named EVP, Retirement Division; Michael Fry Promoted to EVP, Group Division

BELLEVUE, Wash.--(BUSINESS WIRE)-- Symetra Life Insurance Company today announced a new organizational structure and new leadership to drive its business strategy and position the company for future success.

The new organizational structure reflects Symetra’s three core businesses — retirement solutions, life insurance and group insurance. A division has been created for each core business, led by an executive vice president.

Heading up the Retirement Division is Dan Guilbert, whowill join the company asexecutive vice president on Nov. 1, 2010. In this role, he will have profit-and-loss responsibility for all annuity, 403(b) and structured settlement products. Guilbert will oversee the Retirement Services and Income Annuities departments, and lead the division’s strategy work, product design and innovation, product marketing, market research, service and operations. He will report to Tom Marra, Symetra president and chief executive officer.

Guilbert currently serves as chief risk officer for Aviva North America. He previously spent 14 years at The Hartford Life Insurance Company, where he held a variety of senior risk management, product development and actuarial roles. Guilbert earned a bachelor’s degree in applied actuarial science from Bryant College. He is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries.

“Dan is an outstanding product engineer. He has a good feel for the marketplace, and he understands risk management extremely well,” said Marra. “Bringing together all of Symetra’s retirement products and operations under Dan’s leadership will give us a holistic view of that business and drive the innovation we need to successfully compete in this challenging interest rate environment.”

Marra also announced the promotion of Michael Fry to executive vice president of Symetra’s Group Division, a leading provider of medical stop-loss insurance. “Michael and his team are doing great work to expand our Group business and capitalize on new market opportunities. Group will continue to represent a growing and vital part of our product portfolio,” he said.

The company is conducting a search for an executive to lead its Life Division.

About Symetra

Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation (NYSE: SYA), a diversified financial services company based in Bellevue, Wash. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent agents and advisors. For more information, visit www.symetra.com.

Symetra Financial
Diana McSweeney, 425-256-6167
diana.mcsweeney@symetra.com

Source: Symetra Life Insurance Company