Symetra Names Brent Martonik Vice President of Capital Markets Pricing

BELLEVUE, Wash.--(BUSINESS WIRE)-- Symetra Life Insurance Company has appointed Brent Martonik as vice president and director of Capital Markets Pricing in the company’s Retirement Division, effective May 23, 2011.

In this newly created role, Martonik will develop investment and hedging strategies in support of new and existing annuity products. He also will have asset-liability management responsibility for Symetra’s retirement product portfolio, which includes deferred and income annuities. He will be located in , reporting to Dan Guilbert, executive vice president, Retirement Division.

“As we expand our retirement product lineup to include fixed indexed annuities and potentially, registered products, Brent will assess new product designs with a capital markets lens to ensure they drive value from both a consumer and shareholder perspective,” said Guilbert. “With his experience as an actuary and an investment professional, Brent brings a unique skill set to our team. He will be a key player in evaluating our in-force business and contributing to our new product development efforts.”

Martonik joins Symetra from Surema, Inc., a Seattle-based risk management consulting firm he co-founded in 2004. At Surema, he was responsible for business development, general management and execution — assessing the market exposure of clients’ product offerings, creating product pricing and hedge management solutions, and developing policies and procedures for derivative operations.

Before Surema, Martonik spent 18 years at Safeco Corporation, working both at the parent company and in the life insurance division. From 1999-2004, he was vice president and senior derivative portfolio manager, responsible for trading equity and interest rate derivatives. He previously served as assistant actuary at Safeco Life Insurance Company, directing asset-liability management and new product pricing.

Martonik earned a bachelor of science degree in mathematics from the University of Washington. He is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries.

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.

SymetraDiana McSweeney, 425-256-6167
diana.mcsweeney@symetra.com

Source: Symetra Financial Corporation