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Annuity Providers: Shakeups at New York Life, Nationwide

Amid market turmoil, several insurers that sell annuities and life insurance are making changes to their executive boards:

  • The Associated Press recently reported that New York Life Insurance has named Ted Mathas as its new chairman, effective June 1. He is currently the insurer’s Chief Executive Officer and President. Mathas is replacing the retiring Sy Sternberg.
  • As reported yesterday by Rachelle Younglai from Reuters, Nationwide Mutual named Steve Rasmussen as CEO after suddenly deciding to fire Jerry Jurgensen from the position. Rasmussen is also Nationwide’s President and Chief Operating Officer.
Remember to always compare annuity rates if you are considering purchasing one. 
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