Daniel L. Gray, Senior Non-Executive Director
Mr. Gray is the Chairman and CEO Providence, Northstar Companies, Inc. (“NCos”) and its wholly owned
Bermuda subsidiary, Northstar Group (Bermuda) Ltd. He has over forty-three years of experience in the
life insurance industry and has held senior roles in a variety of operations, strategy, sales, advisory
and M&A. Mr. Gray formed Northstar Companies in 2000 to advise ultra-high net worth international families
and assist them with their inter-generational wealth planning needs.
Prior to founding Northstar, Mr. Gray spent twenty-two years at AXA, Equitable serving in a number of
senior roles and assisting with the historic demutualization and IPO of the company. During this period,
he served as President of Midwestern Operations with over 1000 agents and approximately $20 billion of AuM,
most of which consisting of variable life and annuity products.
More recently, he has served as a senior or strategic advisor to numerous investors in the life and annuity
businesses having completed transactions in Sweden, Italy, Ireland, Bermuda, Thailand, Indonesia, Kenya, Ghana,
India and the U.S. He has particular expertise with private placement variable universal life contracts as well
as other variable products having advised several insurers and ultra-high net worth families in this market.
Jean-Francois Lemay, Chief Actuary & CIO
Mr. Lemay has over 26 years of experience in the life insurance industry. Throughout his career he has been highly
involved in modeling and analyzing both the asset and liability side of the balance sheet having roles in both pricing
and investment strategy. Most recently he was Chief Actuary of Alesia Re, a Cayman based life reinsurance company focusing
on pension risk transfer. Previously, he was Chief Investment Officer of Front Street Re, a Cayman Reinsurance Company,
overseeing the investments, pricing and structuring of new reinsurance deals and developing the economic capital framework.
Before that, he was CIO of Northstar Re. His experience also includes VP, Portfolio Risk Optimization services at Sceptre
Capital Management, where he developed and ran an optimization system for LDI of life-insurance assets and VP and Actuary,
Corporate and Investments at Reinsurance Group of America. Mr. Lemay has built sophisticated models for risk management,
capital allocation and the pricing of complex liabilities, such as variable annuities. Graduated as a Bachelor of Actuarial
Science from Laval University, Quebec.