StanCorp Financial Group and primary operating subsidiary Standard Insurance Company have promoted Dan McMillan as president and chief operating officer.
As part of the promotion, StanCorp notes that Greg Ness will retain his role as CEO and chairman of the board.
McMillan is currently executive vice president for Standard, with executive responsibility for the company’s two primary business units; the insurance services group and the asset management group.
StanCorp’s Insurance Services Group encompasses both group and individual insurance operations, while the firm’s Asset Management Group includes Standard Insurance Company’s investment division.
In his new role, McMillan will retain oversight of the company’s insurance and asset management businesses and add responsibility for information technology and corporate actuarial and risk management.
Dan McMillan has more than 30 years of experience across many varied areas of StanCorp’s organisation, which Ness explains “will suit him well as he takes on these additional responsibilities”.
“He is a strong and steady leader who strives to help us meet and exceed the expectations of our customers,” Ness adds.
