The Standard Enhances Leadership with Appointment of Nicola Barrett as Second Vice President

The Standard Insurance Company has announced the appointment of Nicola Barrett to the position of second vice president and actuary, focusing on Actuarial Governance and Enterprise Risk Management. This strategic appointment underscores the company's commitment to enhancing its actuarial and risk governance frameworks, ensuring agility and effectiveness across all organizational levels.

Barrett's role is pivotal in steering The Standard towards achieving robust actuarial governance and managing enterprise risks in a dynamic insurance landscape. Her extensive background in both consulting and industry roles, including significant positions at MassMutual, Milliman, Ernst & Young, MetLife, and Prudential, equips her with a unique blend of expertise and insights. This experience is expected to play a critical role in advancing The Standard's objectives in financial protection and risk management.

Lauren Canfield, vice president, corporate actuary and chief risk officer at The Standard, highlighted Barrett's comprehensive experience and the value it brings to the team. Barrett's leadership in forecast model development and her involvement in various actuarial functions, including internal audit and risk transfer strategies, are seen as assets that will contribute to the company's growth and stability.

Barrett's academic credentials, including a Bachelor of Business Administration in decision sciences and a Master of Actuarial Science from Georgia State University, along with her status as a Fellow of the Society of Actuaries and President-elect of the Caribbean Actuarial Association, further validate her capability to lead in this complex and critical area.

This appointment is significant not only for The Standard but also for the broader insurance industry, as it reflects the increasing importance of sophisticated actuarial governance and risk management practices in ensuring financial well-being and peace of mind for customers. Barrett's leadership is expected to influence the company's strategic direction, reinforcing its position as a leader in providing financial protection products and services.