Lori Dickerson Fouché has joined Prudential Financial, Inc. (NYSE:PRU) in the new role of president and chief operating officer of Prudential’s Group Insurance business. In this role, Fouché will have overall responsibility for the life, disability and voluntary product offerings, sales and account management, as well as service delivery and marketing. She will report to Stephen Pelletier, who has headed the business since 2012 as president and will become CEO, Prudential Group Insurance.
“We are delighted that Lori has joined Group Insurance at this important time for the business and industry,” said Pelletier. “Her experience will be invaluable as we work toward achieving our goal of sustainable profitable growth.” With over 20 years of insurance industry experience, Fouché most recently served as president and CEO of Fireman’s Fund Insurance Company, a subsidiary of Allianz SE. “Lori’s broad industry knowledge and strong track record of leadership will be a tremendous asset to our Group Insurance business and Prudential overall,” said Charles Lowrey, chief operating officer, U.S. Businesses. “Her addition reflects our commitment to strengthening the deep bench of talent we have in the firm.” Prior to joining Fireman’s Fund Insurance Company, Fouché worked for Chubb for several years in various roles, rising to the rank of senior vice president in Chubb Specialty Insurance. She earned a Masters in Business Administration at Harvard Business School and a Bachelor of Arts in history from Princeton University. Prudential Group Insurance manufactures and distributes a full range of group life, long-term and short-term disability, and corporate and trust-owned life insurance in the U.S. to institutional clients primarily for use in connection with employee and membership benefits plans. The business also sells accidental death and dismemberment, and other ancillary coverages and provides plan administrative services in connection with its insurance coverages.