The Standard Announces Retirement of Sally Manafi; Lauren Canfield Named New Corporate Actuary and Chief Risk Officer

PORTLAND, Ore.--(BUSINESS WIRE)--Standard Insurance Company (The Standard) announced today that Lauren Canfield, assistant vice president and actuary in Actuarial Transformation, will become vice president, corporate actuary and chief risk officer effective April 1, 2024. Canfield will also become a member of the company’s management committee. Canfield will succeed Sally Manafi, vice president, corporate actuary and chief risk officer, who previously announced her decision to retire.

“In her previous roles, Lauren provided key actuarial consultation and insight on financial and capital forecasting, investments and across multiple product lines. Lauren’s breadth of experience, actuarial expertise and leadership acumen have prepared her to serve in these new roles,” said Dan McMillan, president and chief executive officer at The Standard.

Manafi, who retires March 31, joined The Standard in 1992. She led the development of the company’s Asset Liability Management function and Enterprise Risk Management practice and served as the architect for The Standard’s ongoing Actuarial Transformation. Manafi has been a trusted advisor to business unit leaders, overseeing the development of The Standard’s risk management framework within the larger multinational Meiji Yasuda organization. Most recently, she had responsibility for the company’s Corporate Development function and several recent acquisitions.

Manafi is a member of the board of directors of Trillium Family Services.

“I want to thank Sally for all her accomplishments and for leaving us with a legacy of excellence. She has positioned us well for the many challenges and opportunities ahead,” said McMillan.

As vice president, corporate actuary and chief risk officer for StanCorp Financial Group, Inc., Standard Insurance Company and The Standard Life Insurance Company of New York, Canfield will be responsible for enterprise risk management, asset liability management and economic capital management. She will also hold responsibility for the integrity of the actuarial aspects of company financial statements and product pricing.

Canfield joined The Standard in 2006, holding various actuarial roles at both Standard Insurance Company and StanCorp Mortgage Investors, LLC. She subsequently held leadership roles of increasing responsibility in Employee Benefits and Corporate Actuarial, where, since 2020, as assistant vice president and actuary in Actuarial Transformation, she has been focused on the strategic process and technology decisions that will transform the actuarial function across The Standard.

Canfield serves on the board of directors for Portland Piano International.

Canfield graduated from the University of Portland with a Bachelor of Arts with highest honors in mathematics and music and a minor in French. She is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries.

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, paid family leave and absence management services, and retirement plans and annuities for employers and individuals. For more information about The Standard, visit standard.com or follow us on Facebook 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, Inc., StanCorp Investment Advisers, Inc., StanCorp Real Estate, LLC, and StanCorp Equities, Inc.