Talcott Financial Group announced today the appointment of Imran Siddiqui as CEO, effective immediately.
A spokesperson said, “Talcott Financial Group, an international life insurance group and the insurance industry’s trusted partner for comprehensive risk solutions, today announced the appointment of Imran Siddiqui as the Chief Executive Officer of Talcott Financial Group, effective immediately.
“Siddiqui is a proven industry executive with extensive experience leading and growing life insurance and annuity companies, as well as other financial services businesses, and he has played a key role in strengthening Talcott’s capabilities as a scaled partner to the insurance sector. Since Sixth Street’s acquisition in 2021, Talcott has completed six transactions with leading life insurance and annuity providers, reinsuring over $50 billion of assets through block and flow reinsurance.
Michael Muscolino, Co-Founder and Partner at Sixth Street, said, “The Board’s decision reflects our strong conviction that Imran is the right person to lead Talcott as it continues to be a responsible steward of capital for policyholders and reliable solutions provider for companies across the life insurance and annuity sector. Imran has already been leading Talcott for the past year and a half as Interim President, and he brings decades of experience in the industry having formed and grown well-respected financial services companies. We are confident that he, in collaboration with Executive Chairman Mike Smith, will continue to steer Talcott on the path of further success.”
“It has been a privilege to lead Talcott’s team of talented professionals, and I am honored to be appointed Chief Executive Officer,” said Siddiqui. “We are dedicated to providing lasting value to our policyholders while furthering our journey of growth, innovation, and success. I look forward to partnering with Mike Smith in building upon Talcott’s robust foundation.”
“Imran’s leadership and deep experience in the insurance and financial services industry have already benefited Talcott through our business development activity,” said Mike Smith, Executive Chairman at Talcott. “We will continue to execute on Talcott’s focused growth strategy and shape the life insurance and annuity industry as its premier risk partner.”
“Prior to joining Talcott, Siddiqui was an independent consultant for companies across the financial services sector. He previously was a Senior Partner at Apollo Global Management and held roles at Oak Hill Capital Partners and Goldman Sachs. Siddiqui holds a Juris Doctor degree from Harvard and a bachelor’s and master’s degree from the University of Chicago. 6046622.1″