Boston Mutual Life Names Grant D. Ward Sr. as CEO Effective 2026

Boston Mutual Life Insurance Company has announced the appointment of Grant D. Ward Sr. as its new Chief Executive Officer and President, effective January 1, 2026. Ward will also take on the presidency of the company’s New York subsidiary, Life Insurance Company of Boston & New York. He is succeeding Paul A. Quaranto Jr., who will retire from his executive roles at the end of 2025 but will continue to serve as Chair of the Board of Directors. Grant Ward has been with Boston Mutual Life since 2016 and currently holds the position of President and Chief Operating Officer. His appointment was unanimously approved by the Board of Directors, reflecting confidence in his leadership. Prior to his current role, Ward served as General Counsel and Secretary as well as Executive Vice President with oversight of customer experience, claims, legal and compliance functions, and operations. Ward has a diverse background in the insurance and financial services industry, with prior roles at SBLI of Massachusetts, MetLife Financial Services, Deloitte, FINRA, John Hancock Financial Services, the U.S. Securities and Exchange Commission, and Dow Lohnes PLLC. He is an alumnus of Howard University, DePaul College of Law, and completed strategic leadership training at The Wharton School of Business. During his remarks, Ward emphasized a customer-centric approach, focusing on delivering affordable insurance solutions tailored to policyholder needs. He highlighted the crucial role of broker partnerships and employee engagement in maintaining service excellence and connecting customers with essential life insurance protection. Boston Mutual Life’s board chair, Paul Quaranto, praised Ward’s dedication and insight, expressing confidence that under Ward’s leadership, the company will continue to thrive and impact its customer base positively. Ward’s active participation in industry bodies such as the American Council of Life Insurers and the Life Insurance Association of Massachusetts underscores his engagement with broader insurance industry initiatives. This leadership transition at Boston Mutual Life Insurance Company illustrates a strategic succession planning approach within a mid-sized U.S. life insurer, ensuring continuity in governance while aligning with customer-focused and compliance-driven industry practices. The change may influence stakeholder perceptions and ongoing partnerships given Ward’s comprehensive operational expertise and regulatory background. Industry professionals will observe how this executive change possibly affects Boston Mutual Life’s market positioning, product development strategies, and regulatory compliance practices moving forward.