NEW YORK--(BUSINESS WIRE)--Global Atlantic Financial Group, a leading U.S.-focused retirement, life insurance and reinsurance company, today announced the appointment of John Rugel as Chief Operations Officer. In this capacity, Mr. Rugel will be responsible for oversight of all of Global Atlantic’s in-force and new business insurance service and operations. He will be based in the company’s Hartford, Conn. office and will report to Co-President Robert Arena.
Mr. Rugel holds more than two decades of industry experience, spanning underwriting, new business and operations leadership positions at Allstate, MetLife, American General/AIG. Most recently, he served as the Senior Vice President of Life and Annuity Operations at Allstate. He also serves the community as the Vice President of the Board for the non-profit Young Chicago Authors.
“John’s success is well known in the industry, and we’re both fortunate and excited to have him leading the evolution of our operations capabilities and service experience,” said Mr. Arena.
Mr. Rugel brings an impressive track record of success to Global Atlantic, including leveraging new technologies, predictive analytics and robotics process automation to drive operational efficiencies. In addition, he is skilled at managing third-party administrator (TPA) relationships, as well as critically evaluating operations infrastructure to drive efficiencies and cost savings while maintaining a customer-centric focus.
"I am proud and excited to join the Global Atlantic team as the company continues its strategy to grow in the retirement and life marketplace,” said Mr. Rugel.
About Global Atlantic
Global Atlantic Financial Group, through its subsidiaries, offers a broad range of retirement, life and reinsurance products designed to help our customers address financial challenges with confidence. A variety of options help Americans customize a strategy to fulfill their protection, accumulation, income, wealth transfer and end-of-life needs. In addition, Global Atlantic offers custom solutions and responsive service for the capital, risk and legacy-business management of life and annuity insurance companies around the world.
Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in 2013. Its success is driven by a unique heritage that combines deep product and distribution knowledge with insightful investment and risk management capabilities, alongside a strong financial foundation of $85 billion in assets.
Global Atlantic Financial Group (Global Atlantic) is the marketing name for Global Atlantic Financial Group Limited and its subsidiaries, including Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, Forethought Life Insurance Company and Global Atlantic Re Limited. Each subsidiary is responsible for its own financial and contractual obligations. These subsidiaries are not authorized to do business in New York.