What Happened?
New York-based New York Life promoted Eileen Slevin to CIO.
About the Company
The New York Life Insurance Company (NYLIC) is one of the largest mutual life-insurance companies in the United States, and one of the largest life insurers in the world, with about $287 billion in total assets under management, and more than $15 billion in surplus and AVR. The company ranks #71 on the 2011 Fortune 100 list, making it the highest privately held insurance company on that list. In 2007, NYLIC achieved the best possible ratings by the four independent rating companies (Standard and Poor`s, AM Best, Moody`s and Fitch). In June 2009, the same four rating companies reaffirmed New York Life`s "superior" financial strength, which became a selling point in national TV ad campaigns that same year. The company is now one of only three life insurers to hold the highest ratings currently awarded to any life insurer by all four rating agencies (Moody`s: Aaa, A.M. Best: A++. Standards and Poor`s: AA+, Fitch: AAA. All of these are for financial strength).
About the Person
Ms. Slevin joined New York Life in 1977 in the Group Insurance Department, and was promoted to assistant vice president in 1988, corporate vice president in 1991 and vice president in 1993.
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