Keyport Life Insurance Co. in Boston has formally appointed a president.

Philip K. Polkinghorn succeeds Paul LeFevre, who was acting president of the $15 billion-asset provider of fixed and variable annuities for six months. Mr. LeFevre has been appointed Keyport's chief operating officer.

Mr. Polkinghorn was the chief financial officer and president of American General Financial Group's product and marketing center.

The management changes were announced last week by Liberty Financial Cos., Keyport's parent company.

Previously, Mr. Polkinghorn was chief marketing officer for American General Life. He has also worked at First Colony Life Insurance Co., Connecticut Mutual, and Allmerica Financial.

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