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Talcott Financial Group Appoints Imran Siddiqui as Chief Executive Officer |
Hamilton, Bermuda, Oct. 26, 2023 鈥� Talcott Financial Group (鈥淭alcott鈥�), an international life insurance group and the insurance industry鈥檚 trusted partner for comprehensive risk solutions, today announced the appointment of Imran Siddiqui as the Chief Executive Officer of Talcott Financial Group, effective immediately. |
Siddiqui is a proven industry executive with extensive experience leading and growing life insurance and annuity companies, as well as other financial services businesses, and he has played a key role in strengthening Talcott鈥檚 capabilities as a scaled partner to the insurance sector. Since Sixth Street鈥檚 acquisition in 2021, Talcott has completed six transactions with leading life insurance and annuity providers, reinsuring over $50 billion of assets through block and flow reinsurance. |
Michael Muscolino, Co-Founder and Partner at Sixth Street, said, 鈥淭he Board鈥檚 decision reflects our strong conviction that Imran is the right person to lead Talcott as it continues to be a responsible steward of capital for policyholders and reliable solutions provider for companies across the life insurance and annuity sector. Imran has already been leading Talcott for the past year and a half as Interim President, and he brings decades of experience in the industry having formed and grown well-respected financial services companies. We are confident that he, in collaboration with Executive Chairman Mike Smith, will continue to steer Talcott on the path of further success.鈥� |
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鈥淚t has been a privilege to lead Talcott鈥檚 team of talented professionals, and I am honored to be appointed Chief Executive Officer,鈥� said Siddiqui. 鈥淲e are dedicated to providing lasting value to our policyholders while furthering our journey of growth, innovation, and success. I look forward to partnering with Mike Smith in building upon Talcott鈥檚 robust foundation.鈥� |
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鈥淚mran鈥檚 leadership and deep experience in the insurance and financial services industry have already benefited Talcott through our business development activity,鈥� said Mike Smith, Executive Chairman at Talcott. 鈥淲e will continue to execute on Talcott鈥檚 focused growth strategy and shape the life insurance and annuity industry as its premier risk partner.鈥� |
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Prior to joining Talcott, Siddiqui was an independent consultant for companies across the financial services sector. He previously was a Senior Partner at Apollo Global Management and held roles at Oak Hill Capital Partners and Goldman Sachs. Siddiqui holds a Juris Doctor degree from Harvard and a bachelor鈥檚 and master鈥檚 degree from the University of Chicago. |
About Talcott Financial Group |
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Talcott Financial Group, an international life insurance group, is the insurance industry鈥檚 trusted partner for comprehensive risk solutions. The enterprise benefits from its strong financial position, as evidenced by approximately $130 billion in assets under management, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm. Talcott Financial Group has offices based in Bermuda, Connecticut, and New York, and its platforms include 色中色 and Talcott Re. For more information visit or follow Talcott Financial Group on . |
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Media Contact |
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Allison Lang |
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FGS Global |