Reliance Standard names Luce Giroux Senior Vice President, Actuarial and Chief Pricing Officer

PHILADELPHIA--(BUSINESS WIRE)--Reliance Standard Life Insurance Company (Reliance Standard), a leading insurance carrier specializing in employee benefits solutions and both fixed and fixed index annuity products, has promoted Luce Giroux, FSA, FCIA, MAAA, to Senior Vice President, Actuarial & Chief Pricing Officer. A member of the company’s Senior Leadership Team, she reports to Chris Fazzini, President and CEO, Group Benefits.

“Luce has been a dynamic and positive force at Reliance Standard since her arrival, and has been on the front lines of several important and visible enterprise teams and initiatives over the past several years,” Fazzini said. “Her expertise, passion and effectiveness have been recognized, including by her nomination to multiple leadership programs sponsored by our global parent company, The Tokio Marine Group. I’m delighted to welcome her to the executive team full-time.”

Giroux had been serving in an acting Senior VP role since October, 2020, when Warren Cohen retired from the position after 18 years. In her new position, she is responsible for all actuarial functions related to Reliance Standard’s group insurance with a focus on assuring the accuracy and optimization of product pricing. She also provides leadership and guidance to the company’s product development vision and strategy.

Giroux joined Reliance Standard in 2014 as AVP, Actuarial, and was promoted to Vice President in 2018. During her tenure she has materially improved the company’s experience analysis and pricing metric capabilities, and helped fuel the drive to an holistic, customer-level pricing strategy. She has also led various strategic growth initiatives, including expansion of the voluntary (supplemental health) product suite and establishment of a cohesive Paid Family Medical Leave (PFML) product strategy.

Prior to joining Reliance Standard, Luce worked 13 years at Standard Insurance Company and 3 years at EPIC Life Insurance Company in both Actuarial and Business Management positions. She is a graduate of the University of Montreal and earned her MBA in Marketing from Portland State University. Luce is a Fellow in both the Society of Actuaries (FSA) and the Canadian Institute of Actuaries (FCIA), and a member of the American Academy of Actuaries.

Reliance Standard Life Insurance Company (Reliance Standard) is Reliance Standard is a solutions-based company with a long history of innovation and service in workforce employee benefits, asset accumulation and protection. In business for over 100 years, Reliance Standard offers a broad portfolio of employee benefit solutions and a collection of fixed and fixed index annuity products that provide millions with the means to protect and persist their financial security.

Reliance Standard was founded in 1907 in Chicago, IL, as the Central Standard Life Insurance Company.

Reliance Standard is a member of the Tokio Marine Group. Tokio Marine Holdings, Inc., the ultimate holding company of the Tokio Marine Group, operates in the property and casualty insurance, reinsurance and life insurance sectors globally. The Group’s main operating subsidiary, Tokio Marine & Nichido Fire (TMNF), was founded in 1879 and is the oldest and leading property and casualty insurer in Japan.

Reliance Standard is a branding name. Insurance products and services are offered by Reliance Standard Life Insurance Company in all states (except New York), the District of Columbia, Puerto Rico, the U.S. Virgin Islands and Guam. In New York, insurance products and services are offered by First Reliance Standard Life Insurance Company, Home Office, New York, NY. Not all products are available in all states.