Brighthouse Financial, Inc. announces stepping down of Conor E. Murphy as chief operating officer, effective March 18, 2022
March 05, 2022 at 02:47 am IST
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On March 4, 2022, Brighthouse Financial, Inc. announced that Conor E. Murphy will be stepping down from the position of chief operating officer of the company, effective March 18, 2022. Mr. Murphy will remain with the company for a period of time thereafter to assist with the transition of his responsibilities. The company does not intend to appoint a replacement for Mr. Murphy and has decided to eliminate the position he held.
Brighthouse Financial, Inc. is annuities and life insurance provider. The Companyâs segments include Annuities, Life, and Run-off. The Annuities segment consists of a variety of variable, fixed, index-linked and income annuities designed to address contract holderâs needs for protected wealth accumulation on a tax-deferred basis, wealth transfer and income security. The Life segment consists of insurance products and services, including term, universal, whole, and variable life products designed to address policyholdersâ needs for financial security and protected wealth transfer, which may be on a tax-advantaged basis. The Run-off segment consists of products that are separately managed, including universal life with secondary guarantees, structured settlements, pension risk transfer contracts, certain Company-owned life insurance policies and certain funding agreements. Its mortgage loans are principally collateralized by commercial, agricultural, and residential properties.