Building Sustainable Strategies and Managing Risk

Boston Mutual Life Insurance Company Establishes New Enterprise Risk Management Department

Integrated Team Will Build Sustainable Strategies to Best Position Company to Manage Risk

“Our ERM philosophy is to collaborate across our Strategic Business Centers and Staff Departments to create a company-wide risk-aware culture,” said Joseph Sullivan, Chief Risk Officer and Executive Vice President. “Boston Mutual is constantly evolving and our team will continue to closely research and update our established key risk and performance indicators, risk tolerances, and appetites to follow best practices.”

Additional departmental responsibilities include managing reinsurance relationships and strategies, as well as developing new and next-generation products. In addition, the Internal Audit team will be part of the ERM department, resulting in enhanced organizational alignment and integrity.

“The ERM department plays a key role in meeting Boston Mutual’s long-term strategic goals of achieving sustainable, profitable growth,” said Paul A. Quaranto, Jr., Chairman, Chief Executive Officer and President. “With our holistic ERM strategy and discipline, risk governance will now be more embedded in our day-to-day activities to help ensure we can continue to deliver on our promises to our policyholders and producers.”