CL Life Announces Appointment of Douglas Brown to Chief Actuary

Mr. Brown brings more than two decades of experience developing life insurance and annuity products

FORT WORTH, Texas , Jan. 17, 2024 /PRNewswire/ -- CL Life and Annuity Insurance Company ("CL Life" or "the Firm"), a provider of insurance products designed for retirement assets that seek to offer policyholders stable growth, tax deferral and income planning, today announced the appointment of Douglas Brown as Chief Actuary. In this new role, Mr. Brown will be responsible for providing strategic insights and actuarial advice to the Firm's senior management team, as well as play a critical role in driving financial success and managing risk.

"We're pleased to welcome Douglas to the team and look forward to leveraging his decades of experience as we continue to expand both the scope and scale of the CL Life and Annuity platform," said Rick Hodgdon, President of CL Life and Annuity Insurance Company. "Douglas offers a wealth of knowledge and specialized expertise that will be paramount to driving the Firm through its next stage of growth."

"I'm thrilled to be joining the CL Life team during such an extraordinary period in the Firm's evolution," said Douglas Brown, Chief Actuary for CL Life and Annuity Insurance Company. "CL Life maintains a premier senior management group, representing decades of collective experience driving innovation, partnership and a vision to deliver outsized impact for its clients throughout the life insurance industry. I look forward to contributing to its continued success."

Prior to joining CL Life, Mr. Brown was a Founding Partner of Trilogy Actuarial Solutions. Mr. Brown started his career in 1996 performing life insurance and product development for industry-leading life insurance companies before transitioning to consulting roles in 2012, culminating in the founding of Trilogy Actuarial Solutions in 2020. As a consultant, Mr. Brown acted as both the appointed and illustration actuary for a range of companies supporting them in valuation, financial reporting, and management consulting.

CL Life provides insurance products to independent agents through tax-deferred fixed annuities, which offer lifetime income options and penalty-free withdrawals. The firm was acquired by Crestline Investors, Inc., an institutional investment management firm with approximately $17 billion in assets under management, in August 2022.

About CL Life and Annuity Insurance Company
Headquartered in Fort Worth, Texas, CL Life and Annuity Insurance Company seeks to provide insurance products specially designed for retirement assets that offer stable growth, tax deferral, and income planning. Its mission is to provide competitive products that meet the financial goals of policyholders, investing in assets for the purpose of growing policyholder premiums aimed at generating strong returns with the flexibility to secure their future. CL Life is an affiliate of Crestline Investors, Inc., an institutional investment management firm with approximately $17 billion in assets under management. For more information visit www.cllife.com.

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SOURCE Crestline Investors, Inc.