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MassMutual appoints Elizabeth Ward as CFO

Elizabeth A. WardMassMutual Financial Group announced the appointment of Elizabeth A. Ward as chief financial officer of Massachusetts Mutual Life Insurance Company (MassMutual), effective June 1, 2016.
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Currently both the company’s Chief Enterprise Risk Officer and Chief Actuary, Ms. Ward, Executive Vice President, will succeed Michael Rollings, who is joining The Vanguard Group in Valley Forge, Pa., as CFO.

Ms. Ward, been with the Company since joining Babson Capital Management LLC, a MassMutual subsidiary, in 2001.

She has been MassMutual’s Chief Enterprise Risk Officer since 2007 and its Chief Actuary since 2015; prior to joining Babson she was employed as Managing Director at MassMutual investment affiliate Charter Oak Capital Management from 1996.

She is an active leader in several chief risk officer and industry groups involved with the evolution of enterprise risk management at global financial institutions.

A certified Professional Risk Manager, she is currently Chair of the American Council of Life Insurers’ Global Risk Management Committee and is a founding member of the North American CRO Council, where for three years she was Vice Chairman.

Ms. Ward has also been a member of the American Academy of Actuaries since 1990, and a Fellow of Society of Actuaries since 1993. In 2012, she was named by Diversity Journal as a “Woman Worth Watching in Financial Services,” and in 2014, she was cited by Insurance Risk magazine as “CRO of the Year.”

Ms. Ward received her bachelor’s degree from the University of Rochester in Economics and Spanish.

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