Massachusetts Mutual Life Insurance Coverage Firm has introduced that firm veterans Paul LaPiana and Dominic Blue will be a part of the manager management group.

LaPiana has been appointed head of brand name, product and affiliated distribution, whereas Blue has been named head of third-party distribution and markets. The appointments take impact Thursday. Each LaPiana and Blue will report back to Roger Crandall, chairman, president and CEO of Massmutual.

The promotions come as Mike Fanning, head of MassMutual US, prepares to retire after 17 years with the corporate.

In his new position, LaPiana will oversee MassMutual’s core distribution channel, MassMutual Monetary Advisors, in addition to managing the corporate’s portfolio of wealth administration and safety services and products. He may even have accountability for managing MassMutual’s model and advertising and marketing technique.

As head of third-party distribution and new markets, Blue will lead a company that features MassMutual’s third-party, worksite, direct-to-consumer and new markets efforts. He may even turn into CEO of MassMutual Ascend, whereas Mark Muething will proceed in his position as president of MassMutual Ascend.

“Paul and Dominic every deliver broad management expertise in areas crucial to MassMutual’s progress, an unrelenting give attention to delivering long-term monetary safety and worth to our policyowners, and a collaborative, inclusive strategy to executing our technique,” Crandall stated. “Now, as a part of MassMutual’s govt management group, they are going to deliver all of these qualities to bear as we speed up our efforts to assist extra folks safe their future and shield those they love.”

LaPiana has greater than 20 years of expertise within the monetary providers sector. He has served as head of product for MassMutual since 2019. He joined the corporate in 2016 from MetLife following MassMutual’s acquisition of the MetLife Premier Shopper Group. LaPiana started his profession in monetary providers at AXA/Equitable.

Blue joined MassMutual in 2011 as assistant basic counsel. He most just lately served as head of third-party and direct-to-consumer, and has additionally served as head of company legislation, head of office transformation and head of strategic planning and supply.

Trade veteran retires

Fanning retires after a 37-year profession within the monetary providers {industry}, practically half of which was spent at MassMutual.

Throughout his tenure as MassMutual’s head of home insurance coverage, the corporate greater than doubled its safety in drive to $950 billion whereas paying greater than $65 billion in advantages. It additionally turned one of many prime suppliers of complete life insurance coverage and paid an industry-leading dividend to policyholders for 17 consecutive years.

Below Fanning’s tenure, the corporate additionally expanded its community of affiliated monetary professionals and have become one of many prime annuity suppliers within the US.

“As we welcome Paul and Dominic to our govt management group, we additionally specific our deepest gratitude to Mike for his lasting contributions which have helped MassMutual turn into the {industry} chief that it’s at the moment,” Crandall stated. “Mike led an unprecedented interval of progress and alter for the corporate, all of which was spent making certain that every day, MassMutual’s policyowners have been on the middle of every part we do. This can be Mike’s most enduring legacy, and we want him all one of the best in a well-deserved retirement.”

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