Standard Insurance Company (The Standard) has appointed Nicola Barrett (picture) as second vice president and actuary, actuarial governance and enterprise risk management. This is part of the company’s ongoing initiatives to enhance the risk oversight and governance across the organization.

As per a news release, Barrett will oversee developing and executing actuarial governance and enterprise risk management frameworks. Her responsibility now is to implement steps towards more rapid and efficient governance at all levels of the organization.

“Nicola brings a wealth of experience to this role and our team,” said Lauren Canfield, Vice President, Corporate Actuary and Chief Risk Officer at The Standard. “Nicola’s career spans both consulting and industry, with actuarial functions including internal audit and risk transfer strategies. We’re thrilled to welcome her to this role.”

Barrett started her professional journey with roles at MassMutual where she managed the financial forecasting model for the planning and pricing policy division. After this, she also worked at Milliman, Ernst & Young, MetLife, and Prudential. She received a bachelor of business administration in decision sciences and a master’s degree in actuarial science from Georgia State University.