Carl Groth

Carl Groth is Chief Risk Officer for the retirement division of Banner Life family of companies. In that role, he oversees and maintains risk governance, analytics, compliance and control frameworks across the retirement division. Additionally, he provides independent advice, oversight, challenge and supports the broader risk management team of the Banner Life family of companies. In this role, Carl is also responsible for second-line oversight of asset risk across the investment portfolios of Banner Life, William Penn and Meiji Yasuda Reinsurance Bermuda. Carl also provided second-line support on the establishment of Meiji Yasuda Reinsurance Bermuda (formerly Legal & General Americas Reinsurance Ltd.) and is currently that company’s Chief Risk Officer.  

Prior to joining Banner Life family of companies, Carl served in senior risk officer roles at Principal Financial Group. He joined as Chief Risk Officer for Principal International and later served as Group Financial Risk Officer where he was responsible for overseeing the Group’s investment risk management, ALM, derivatives, stress testing, economic capital modeling and US ORSA. Previous to Principal, Carl served as KPMG’s Insurance Industry Risk Management Advisory Practice leader and was the Chief Risk Officer for Torus Insurance Company, a Bermuda-based global specialty insurer.  Earlier in his career, Carl was head of Liberty Mutual Bermuda’s insurance operations.  

Carl is a member of Moody’s Life Insurance Executive Advisory Board and the Americas Risk Management Council. He was awarded the 2025 CRO of the Year (Americas) by Insurance ERM.  

Carl has an MBA in Finance and Investments with honors from The George Washington University and a BA in Economics from the University of Washington