SPRINGFIELD, Mass., May 26, 2015 /PRNewswire/ -- Massachusetts Mutual Life Insurance Company (MassMutual) has promoted Brad Hoffman to Senior Vice President in its Enterprise Risk and Actuarial organization, effective immediately. Based at the company's Springfield, Mass., headquarters, he reports to Elizabeth Ward, MassMutual's Chief Enterprise Risk Officer, who, effective May 29, will also assume the post of Chief Actuary.
In his new position, Hoffman, who has spent his entire 24-year career with MassMutual, will lead the company's Operational and Strategic Risk teams and serve as MassMutual's rating agency liaison.
"As we combine our risk management and actuarial disciplines, Brad's knowledge and keen insight into both areas will prove a key benefit to our policyowners and customers," said Ward. "Brad's expanded responsibilities also underscore his consistently strong business results and his clear, unwavering commitment to continuous improvement."
Hoffman has been a member of MassMutual's Enterprise Risk Management (ERM) team since 2009, helping to standardize the risk identification and management process across MassMutual. He also serves as Chief Risk Officer for broker-dealer MML Distributors, LLC. Prior to joining the ERM group, Hoffman held various compliance roles in support of MassMutual's insurance and retirement businesses, including those in customer relations, distribution and the company's broker-dealers. He began his career at MassMutual as an attorney in the company's Law Division.
Hoffman received his Bachelor of Arts in Mathematical Economics from Colgate University, and earned his Juris Doctor from the Marshall Wythe School of Law at the College of William and Mary. He is an attorney admitted to practice in both Connecticut and Massachusetts.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyowners consistently since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.
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