What Happened?

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

Prior to joining New York Life, Mr. Del Secolo worked at Automatic Data Processing (ADP), where he held positions of increasing responsibility including vice president of IT engineering, vice president of Internet and network services, and vice president and chief information security officer, where he was responsible for designing and implementing infrastructures for ADP’s Web hosting and Software as a Service (SaaS) initiative. Before that, he held progressively more responsible roles at Sea-Land Service, Inc., Salomon Brothers, Inc., and RAV Communications. Mr. Del Secolo is a graduate of Pratt Institute with a Bachelor of Electrical Engineering degree. He resides in Marlboro, New Jersey, with his wife and son.