Standard Insurance Company (“The Standard”) announced that Dan McMillan has been promoted to executive vice president.
“I have great confidence in his ability to provide leadership and vision for all of our revenue producing businesses. With Scott’s continued leadership of AMG, I feel very good about our ability to continue to exceed customer expectations while growing, despite the challenging environment in which we find ourselves.”
McMillan is currently vice president, Insurance Services Group, for Standard Insurance Company and The Standard Life Insurance Company of New York. McMillan has management responsibility for all aspects of both companies’ group and individual insurance operations, including claims services, customer support and the contact center, premium administration, sales, producer services, actuarial and underwriting.
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In his new role as executive vice president, McMillan will retain management responsibility for the Insurance Services Group and also assume oversight of the Asset Management Group (AMG), which includes the company’s Investment division, StanCorp Mortgage Investors, StanCorp Real Estate, and the company’s Retirement Plans and Individual Annuities businesses. Scott Hibbs, vice president and chief investment officer, will continue to lead AMG, reporting to McMillan.
McMillan joined The Standard in 1989 and has held a succession of leadership positions with increasing responsibilities, as well as spearheading large-scale business, technology and enterprise efficiency initiatives.
“I am excited about this new leadership opportunity for Dan,” said Greg Ness, chairman, president and CEO of The Standard. “I have great confidence in his ability to provide leadership and vision for all of our revenue producing businesses. With Scott’s continued leadership of AMG, I feel very good about our ability to continue to exceed customer expectations while growing, despite the challenging environment in which we find ourselves.”
