Prudential Financial, Inc. announced that Mike Estep, head of product for group insurance, will succeed Yanela Frias as president of its group insurance business. Frias will become the CFO of Prudential. Estep as president of group insurance will report to Caroline Feeney, head of Prudential's US businesses.

Since joining the firm as head of product for group insurance in 2022, Estep has led all aspects of product strategy. This includes the development of a strategic roadmap for the firm's current and future product portfolio with a focus on customer relevancy and sustainable, profitable growth. Jess Gillespie will succeed Estep as head of product for group insurance.