The Standard Promotes Dan McMillan to Executive Vice President

PORTLAND, Ore.--(BUSINESS WIRE)--Standard Insurance Company ("The Standard”) announced today that Dan McMillan has been promoted to executive vice president.

McMillan is currently vice president, Insurance Services Group, for Standard Insurance Company and The Standard Life Insurance Company of New York. McMillan has management responsibility for all aspects of both companies’ group and individual insurance operations, including claims services, customer support and the contact center, premium administration, sales, producer services, actuarial and underwriting.

In his new role as executive vice president, McMillan will retain management responsibility for the Insurance Services Group and also assume oversight of the Asset Management Group (AMG), which includes the company’s Investment division, StanCorp Mortgage Investors, StanCorp Real Estate, and the company’s Retirement Plans and Individual Annuities businesses. Scott Hibbs, vice president and chief investment officer, will continue to lead AMG, reporting to McMillan.

McMillan joined The Standard in 1989 and has held a succession of leadership positions with increasing responsibilities, as well as spearheading large-scale business, technology and enterprise efficiency initiatives.

“I am excited about this new leadership opportunity for Dan,” said Greg Ness, chairman, president and CEO of The Standard. “I have great confidence in his ability to provide leadership and vision for all of our revenue producing businesses. With Scott’s continued leadership of AMG, I feel very good about our ability to continue to exceed customer expectations while growing, despite the challenging environment in which we find ourselves.”

McMillan is a graduate of Linfield College, where he earned a Bachelor of Arts degree in English and a minor in mathematics. He holds an Associate Life & Health Claims designation from the International Claim Association.

McMillan serves on the Group Insurance Executive Council of the American Council of Life Insurers and the board of directors of the Portland Business Alliance. He also serves on the board of directors for Lines for Life and previously served on the board of directors of the Council for Disability Awareness and the Portland Children's Museum.

About The Standard

The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. In business since 1906, we are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life, dental and vision insurance, voluntary (employee-paid) benefits, absence management services, and retirement plans and annuities for employers and individuals. For more information about The Standard, visit www.standard.com or follow us on Facebook, Twitter or LinkedIn.

The Standard is the marketing name for StanCorp Financial Group, Inc., and its subsidiaries: Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, LLC, StanCorp Investment Advisers, Inc., StanCorp Real Estate, LLC, and StanCorp Equities, Inc.