Brennan Kennedy to assume actuarial leadership at Sun Life after 26 years with the company
Sun Life Financial Inc. has named Brennan Kennedy as senior vice-president and chief actuary, effective October 4, 2025.
Kennedy is currently Sun Life’s senior vice-president of Global Asset Liability Management.
In the new position, Kennedy will lead the actuarial functions across the company.
According to the announcement, his mandate includes oversight of valuation, reporting, product development and pricing activities, with an emphasis on regulatory compliance and industry standards.
The role will also focus on talent development, technology, innovation and collaboration with business and corporate teams.
Kennedy has worked at Sun Life since 1998.
His previous roles span the Actuarial, Risk Management, Finance and Asset Liability Management functions.
Tom Murphy, executive vice-president and chief risk officer, said “[Kennedy] deep expertise and forward-thinking approach will be instrumental in supporting our continued growth and strengthening our actuarial capabilities as the industry evolves.”
Kennedy will succeed Kevin Morrissey, who is set to retire on October 3.
Morrissey joined Mutual Life of Canada in 1988. The company became Clarica, which was acquired by Sun Life in 2002. He has held the roles of senior vice-president and chief actuary since 2016.
In the coming months, Morrissey will support Kennedy during the transition.
Murphy acknowledged Morrissey's contributions and added that over the past two decades, Morrissey had been a key partner in helping the company navigate economic challenges and sustain its resiliency.
Murphy also noted that as the guiding light for Sun Life’s Global Actuarial Community, Morrissey consistently led by example.
