Eric M. Kirsch to Retire as Global Chief Investment Officer and President of Aflac Global Investments; Bradley E. Dyslin Named Successor
Kirsch joined Aflac 11 years ago with a mandate to build a world-class global investment team. Leveraging his more than 30 years of asset management experience at the time, he was responsible for building a brand new investment platform in
Dyslin, one of the original executives Kirsch hired when building out the investment platform, has more than 30 years of investment experience in insurance asset management. In early 2021, Dyslin was promoted to deputy global chief investment officer, recognizing his contributions to the platform and his leadership capabilities. He joined Aflac Global Investments in 2012 as managing director and global head of credit, responsible for over
Commenting on the announcement,
Also commenting on the announcement,
About his upcoming retirement, Kirsch added: "The opportunity to join Aflac 11 years ago with a mission to build out a global investments business has been one of the greatest and most rewarding challenges of my career. It has been my privilege to serve Aflac and its shareholders, and to have the opportunity to fulfill the mission with which Dan originally charged me. I am grateful for the extraordinary opportunity to lead such an accomplished, dedicated team of international colleagues who are as passionate as I am about finding investments that not only meet our objectives, but that represent our values. Brad's strong investment ability and leadership have made him an invaluable partner who I know will continue growing the success of Aflac Global Investments."
About his new role, Dyslin added: "I am grateful for the opportunity from Dan, Fred, and the Board to lead Aflac Global Investments. Working closely with Eric over the last 11 years has been a very rewarding experience. I am fortunate to be part of a talented team of global investment professionals committed to maintaining our legacy of strong performance, and I am confident Aflac Global Investments will continue growing our contribution to Aflac's overall success."
ABOUT
Aflac Incorporated (NYSE:
1 LIMRA 2021 U.S. Supplemental Health Insurance Total Market Report
ABOUT AFLAC GLOBAL INVESTMENTS
Aflac Global Investments refers to
FORWARD-LOOKING INFORMATION
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" to encourage companies to provide prospective information, so long as those informational statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those included in the forward-looking statements. The company desires to take advantage of these provisions. This document contains cautionary statements identifying important factors that could cause actual results to differ materially from those projected herein, and in any other statements made by company officials in communications with the financial community and contained in documents filed with the
The company cautions readers that the following factors, in addition to other factors mentioned from time to time, could cause actual results to differ materially from those contemplated by the forward-looking statements:
- difficult conditions in global capital markets and the economy, including those caused by COVID-19
- defaults and credit downgrades of investments
- exposure to significant interest rate risk
- concentration of business in
Japan - limited availability of acceptable yen-denominated investments
- foreign currency fluctuations in the yen/dollar exchange rate
- differing judgments applied to investment valuations
- significant valuation judgments in determination of expected credit losses recorded on the Company's investments
- decreases in the Company's financial strength or debt ratings
- decline in creditworthiness of other financial institutions
- concentration of the Company's investments in any particular single-issuer or sector
- the effects of COVID-19 and its variants (both known and emerging), and any resulting economic effects and government interventions, on the Company's business and financial results
- the Company's ability to attract and retain qualified sales associates, brokers, employees, and distribution partners
- deviations in actual experience from pricing and reserving assumptions
- ability to continue to develop and implement improvements in information technology systems
- interruption in telecommunication, information technology and other operational systems, or a failure to maintain the security, confidentiality or privacy of sensitive data residing on such systems
- subsidiaries' ability to pay dividends to the Parent Company
- inherent limitations to risk management policies and procedures
- the operational risks of third party vendors
- tax rates applicable to the Company may change
- failure to comply with restrictions on policyholder privacy and information security
- extensive regulation and changes in law or regulation by governmental authorities
- competitive environment and ability to anticipate and respond to market trends
- catastrophic events, including, but not limited to, as a result of climate change, epidemics, pandemics (such as the coronavirus COVID-19), tornadoes, hurricanes, earthquakes, tsunamis, war or other military action, terrorism or other acts of violence, and damage incidental to such events
- ability to protect the Aflac brand and the Company's reputation
- ability to effectively manage key executive succession
- changes in accounting standards
- level and outcome of litigation
- allegations or determinations of worker misclassification in
the United States
Analyst and investor contact -
Media contact -
View original content to download multimedia:https://www.prnewswire.com/news-releases/eric-m-kirsch-to-retire-as-global-chief-investment-officer-and-president-of-aflac-global-investments-bradley-e-dyslin-named-successor-301659120.html
SOURCE
GREENLIGHT CAPITAL RE, LTD. FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits
Fidelity National Financial Announces Third Quarter 2022 Earnings Release and Conference Call
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News