Unum Group Appoints Steve Jones President of Colonial Life
Steve Jones • Photo Credit: Unum Group
CHATTANOOGA, Tenn., May 1, 2026 (FINANCE INTERVIEWS) — Insurance company Unum Group has announced the appointment of Steve Jones as president of Colonial Life, effective June 8.
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Finance Blog •
Jones will lead Colonial Life’s business performance and long-term strategy and report to Rick McKenney, president and chief executive officer of Unum Group. He succeeds Tim Arnold, who will retire in July after a 41-year career with Unum Group, including 11 years as president of Colonial Life.
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“Colonial Life is a critical part of Unum Group’s growth strategy, and Steve is well prepared to lead the business forward. He brings deep industry experience, a strong track record of driving results and a clear focus on serving employers, brokers and the employees who count on our products. As we transition leadership, I am confident Steve will build on Colonial Life’s momentum and position the company for continued success,” said Rick McKenney, president and chief executive officer of Unum Group.
Jones joined Colonial Life in 2023 as senior vice president of field and market development. He has more than 20 years of leadership experience in the insurance industry, including prior roles as president of Cigna Supplemental Benefits and chief operating and chief financial officer within Aetna’s senior supplemental insurance business.
“I am honored to step into the role of president of Colonial Life and build on the strong foundation Tim and our team have established. Colonial Life has a powerful purpose and a deep commitment to the customers we serve. I am excited to work with this talented organization to continue growing the business and delivering meaningful value for our customers,” said Jones.
“Tim’s leadership has had a lasting impact on Unum Group and Colonial Life. Over his tenure, he helped grow our voluntary benefits business, led through meaningful change and always kept customers at the center of our work. I am grateful for Tim’s steady leadership, his commitment to developing our people and the strong foundation he leaves behind,” McKenney added.
Colonial Life & Accident Insurance Company is a subsidiary of Unum Group and provides workplace benefits including disability, life, accident, dental, cancer and critical illness insurance. In 2025, the company reports paying more than $730 million in benefits.
For more information, visit www.unum.com.
Source: Unum Group
