The Standard names Canfield VP, corporate actuary and CRO as Manafi retires

Standard Insurance Company (The Standard)has announced the appointment of Lauren Canfield as vice president, corporate actuary and chief risk officer, succeeding Sally Manafi who is retiring.

Canfield, who is taking over her new role April 1, 2024, will also become a member of the company’s management committee.

Dan McMillan, president and chief executive officer at The Standard, commented: “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.”

Manafi joined The Standard in 1992 and will be retiring on March 31. 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.

Through her career, the executive 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 organisation.

Most recently, she had responsibility for the company’s Corporate Development function and several recent acquisitions. She is also 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 the company’s financial statements and product pricing.

Since joining The Standard in 2006 Canfield has held 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, becoming an assistant vice president and actuary in Actuarial Transformation in 2020, her current role.

During this time, she focused on the strategic process and technology decisions that would transform the actuarial function across The Standard.

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

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