Selig serves as the Chief Actuary and Risk Officer for Pan-American Life Insurance Group and plays an integral role in shaping and implementing the Group’s enterprise risk management model. He is also involved in product development, financial reporting and analysis, product design/pricing, risk management, mergers & acquisitions, valuation, and reinsurance.
Selig was Executive Vice President and Chief Actuary of AXA/Equitable and a member of the Executive Management Committee. While there (1999-2003), he led the valuation and projection unit through a period of extensive change, building and communicating new risk assessment analysis in response to the significant changes in equity volatility. He also oversaw the successful redesign, re-pricing, and implementation of much of the retail life insurance and variable annuity portfolio and led the divestiture effort of their disability income business while managing the remaining health business back to break even profitability. Prior to that, Selig worked with Travelers Insurance (1994-1999), where he was a key figure in several major transactions including the divestiture of Group Life and Health businesses and the acquisition and integration of Aetna P&C. As Chief Actuary and CFO of the Individual and Group Annuity business units, he significantly revamped their product portfolios leading to billions of dollars in profitable new annual sales.
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