St. Paul, Minn.-based Securian Financial Group announced that Christopher M. Hilger, currently company president, will also serve as chief executive officer, effective Jan. 1, 2015.
Chairman and CEO Robert L. Senkler, who will retire from active management after serving as CEO for 20 years, will remain as chairman of the board of directors.
Hilger, 49, will be the thirteenth CEO in Securian’s 134-year history. He was appointed president in 2012.
A 27-year veteran of the insurance industry, Hilger also serves as CEO of Allied Solutions LLC, a Securian subsidiary headquartered in Indianapolis, Ind., that distributes insurance products and services to financial institutions.
He joined Securian’s management team in 2004 when the company purchased Allied Solutions and was subsequently named senior vice president of Securian’s Financial Institution Group. In 2010, he was promoted to executive vice president with the added accountability for the company’s group insurance business. In 2012, he was appointed president with responsibility for all of Securian’s businesses.
Senkler, a 40-year veteran of the company, has served as chief executive officer since July 1994. Under his direction, Securian maintained its position as one of the highest rated insurers in America and enjoyed consistent growth. The insurance protection the company provides grew at a compound annual rate of 12 percent to more than $1 trillion and assets under management quadrupled.
The company expanded its headquarters in downtown St. Paul to over one million square feet of office space, and its national workforce grew to more than 3,700 employees.
Source: Securian Financial Group