Pacific Life announced the appointment of Alessandro Papa as chief risk officer. In this role, Papa will serve in an enterprise-wide capacity overseeing the company’s risk management framework and corporate actuarial function.
Papa joins Pacific Life from MetLife, where he served as chief of staff to the president and chief executive officer and was responsible for driving major strategic initiatives and managing MetLife’s reinvestment fund. Previously, he served as U.S. chief risk officer, where he was responsible for risk oversight of all U.S. business and MetLife Holdings operations.
At Pacific Life, Papa’s responsibilities include maintenance and execution of the company’s risk strategy, governance activities as chair of the Enterprise Risk Committee, active participation in Board Audit and Investment & Finance Committees, and oversight of the corporate actuarial function. Papa replaces John Dieck, who was appointed to chief financial officer of the Life Insurance Division.