BNET Industries

Last Fiscal Year Sales:$21.1B
  • Private
  • US
Dow Jones Description

New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings from all four of the major credit rating agencies. Headquartered in New York City, New York Life?s family of companies offers life insurance, retirement income, investments and long?term care insurance. New York Life Investment Management LLC provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.

President & Chief Executive OfficerTheodore A. Mathas
Number of Employees 15,000
Contact Information

51 Madison Avenue

New York, New York 10010

www.newyorklife...

(212) 576-7000

NAICS Code Direct Life Insurance Carriers: 524113

Recent Events

  • New York Life Names Michael Scovel Senior Vice President for West Central Agencies

    6/15/09 - Mgmt. Change Entering - Vice President - View Story

  • A.M. Best Revises Outlook to Negative for Issuer Credit Ratings of New York Life; Affirms...

    6/11/09 - Bond / Stock Rating - View Story

  • New York Life Unveils Advisory Tool for Union Workers

    6/09/09 - Product Announcement - View Story

  • New York Life Hires M&A Chief

    5/26/09 - Mgmt. Change Entering - Vice President - View Story

  • New York Life Appoints SVP for Mergers & Acquisitions

    5/21/09 - Mgmt. Change Entering - Other - View Story

  • New York Life to Pay Long-Term Care Insurance Dividend for the Fifth Consecutive Year

    4/21/09 - Stock Split / Dividend - View Story

  • New York Life Leases 28,230 SF

    4/17/09 - Sites Leased - View Story

  • Child safety program next week

    4/09/09 - Joint Venture / Alliance - View Story

  • New York Life Reports 2008 Financial Results

    4/08/09 - Financial Announcement - View Story

  • New York Life Names Michael Gallo to Head Up Long-Term Care Operation

    4/07/09 - Mgmt. Change Entering - Other - View Story

  • On the Move

    4/06/09 - Mgmt. Change Entering - President - View Story

  • New York Life Elects Chris Blunt and Mark Pfaff as Executive Vice Presidents

    3/22/09 - Mgmt. Change Entering - Vice President - View Story

  • New York Life Insurance names Mathas as chairman 

    2/19/09 - Board Member - Entering - View Story

  • New York Life Insurance elects new board member

    1/19/09 - Board Member - Entering - View Story

News & Analysis

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Decision Makers

Name (plus bio) Position
Theodore A. Mathas President & Chief Executive Officer
Eileen T. Slevin Senior Vice President & Chief Information Officer
Eric B. Campbell Executive Vice President & Chief Distribution Officer
Frank M. Boccio Executive Vice President & Chief Administrative Officer
Michael E. Sproule Executive Vice President & Chief Financial Officer
Michael M. Oleske Senior Vice President & Head, Tax Dept & Chief Tax Counsel
Sheila K. Davidson Executive Vice President, Chief Legal Officer & General Counsel
Thomas F. English Senior Vice President & Chief Insurance Counsel
Thomas J. Warga Senior Vice President, General Auditor & Chief Privacy Officer
John Y. Kim Executive Vice President
Richard L Mucci Executive Vice President
Brian Duffy Senior Vice President, AARP Operations
Carolyn M. Buscarino Senior Vice President, Corp Communications
Craig Gill Senior Vice President, HR
John R. Cassagne Senior Vice President, Group Membership Division
John R. Meyer Senior Vice President & Head, Annuity
Leonard J. Elmer Senior Vice President, HR
Michael A. DeMicco Senior Vice President & Deputy General Counsel
Michael G. Gallo Senior Vice President, Life & Annuity
Robert D. Rock Senior Vice President
Robert J. Hebron Senior Vice President, Advanced Markets
Ronald J. Terry Senior Vice President, Corp Services Dept
Stephen G. Ray Senior Vice President
Steven A. Rautenberg Senior Vice President, Communications
Fred T. DeFilippo Vice President, Sales & Marketing Support
Janis Rubin Vice President, Investment Policy & Asset Allocation
John A. Natale First Vice President
John J. O'Gara Vice President
Marian Cope Vice President
Mark J. Draghi Vice President
Nicholas E. Pasyanos Vice President
Stuart Krohnengold Vice President
William Werfelman Vice President, Media Relations
Alexander A. Burbatsky Senior Vice President, Service Delivery
Christopher O. Blunt Senior Vice President, Retirement Income Security
George Nichols III Senior Vice President, Governmental Affairs
Mark E. Arning Senior Vice President & General Auditor
Mark W. Pfaff Senior Vice President, Life Insurance Manufacturing & Marketing
Maryann I. Ingenito Senior Vice President
Solomon Goldfinger Senior Vice President & Senior Advisor to the President
Susan A. Thrope Senior Vice President, Deputy General Counsel, & Secretary
Leo C. McKenna Member

Board of Directors

Name (plus bio) Position
Sy Sternberg Chairman
Betty C. Alewine Board of Directors
Christina A. Gold Board of Directors
Conrad K. Harper Board of Directors
Frederick O. Terrell Board of Directors
Gary E. Wendlandt Vice Chairman
Joseph W. Prueher Board of Directors
Kent B. Foster Board of Directors
Mark L. Feidler Board of Directors
Robert M. Baylis Board of Directors
S. Thomas Moser Board of Directors
Thomas C. Schievelbein Board of Directors
William G. Walter Board of Directors
Organization Position Status
New York Life Insurance Company President & Chief Executive Officer Current
New York Life Insurance Company Board of Directors Current
New York Life Insurance Company Chief Operating Officer Former
New York Life Insurance Company Executive Vice President & Co-Head-Life & Annuity Former
Organization Position Status
New York Life Insurance Company Senior Vice President & Chief Information Officer Current
New York Life Insurance Company Corporate Vice President Former
The City University of New York B.A. Former
Organization Position Status
New York Life Insurance Company Executive Vice President & Chief Distribution Officer Current
New York Life International Inc. Executive Vice President & Chief Distr Officer Current
New York Life Insurance Company Senior Vice President, Programs & Services Former
Organization Position Status
New York Life Insurance Company Executive Vice President & Chief Administrative Officer Current
Organization Position Status
New York Life Insurance Company Executive Vice President & Chief Financial Officer Current
Organization Position Status
New York Life Insurance Company Senior Vice President & Head, Tax Dept & Chief Tax Counsel Current
Organization Position Status
New York Life Insurance Company Executive Vice President, Chief Legal Officer & General Counsel Current
Organization Position Status
New York Life Insurance Company Senior Vice President & Chief Insurance Counsel Current
Organization Position Status
New York Life Insurance Company Senior Vice President, General Auditor & Chief Privacy Officer Current
Organization Position Status
New York Life Investment Management LLC President & Chief Executive Officer Current
Mainstay Managed Accounts President and CEO Current
New York Life Capital Partners LLC President and CEO Current
New York Life Insurance Company Executive Vice President Current
Linkshare Corporation Executive Vice President, Intl Business Current
Batanga, Inc. Managing Director, H.I.G. Ventures, View Linkedin Profile Current
Loc-Aid Technologies Inc. Managing Director, H.I.G. Ventures Current
Zilker Labs Managing Director for H.I.G. Ventures Current
H.I.G. Ventures, LLC Managing Director Current
H.I.G. Capital, LLC Managing Director Current
Northwestern Plastic Surgery Chicago Plastic Surgeon Current
Madison Park Group Advisor Current
Plastic-Surgery-News.Com Editor-at-Large Current
Msd Capital Current
Linkshare Corporation Chairman Current
Batanga, Inc. Board of Directors Current
Loc-Aid Technologies Inc. Board of Directors Current
Inovys Corporation Board of Directors Current
Northwestern Medical Faculty Foundation, Inc. Board of Directors Current
Madison Park Group Board of Directors Current
Zilker Labs Board of Directors Current
LVL7 Systems, Inc. Board of Directors Current
Cooligy, Inc. Interim CEO Former
Investment Services President Former
New York Life Investment Management LLC President Former
Cooligy, Inc. co-founder Former
Booz Allen Hamilton, Inc. Consultant Former
Cooligy, Inc. Director Former
Stanford University M.S. in Industrial Engineering Former
Harvard Business School M.B.A. degree Former
Harvard College B.A. Former
Stanford University B.S. in Industrial Engineering Former
Organization Position Status
Nylife Securities, Inc. Executive Vice President and Chief Financial Officer Current
New York Life Insurance Company Executive Vice President Current
Organization Position Status
New York Life Insurance Company Senior Vice President, AARP Operations Current
Organization Position Status
New York Life Insurance Company Senior Vice President, Corp Communications Current
Organization Position Status
New York Life Insurance Company Senior Vice President, HR Current
Organization Position Status
New York Life Insurance Company Senior Vice President, Group Membership Division Current
Organization Position Status
New York Life Insurance Company Senior Vice President & Head, Annuity Current
Organization Position Status
New York Life Insurance Company Senior Vice President, HR Current
Organization Position Status
New York Life Insurance Company Senior Vice President & Deputy General Counsel Current
Organization Position Status
New York Life Insurance Company Senior Vice President, Life & Annuity Current
Organization Position Status
New York Life Insurance Company Senior Vice President Current
Organization Position Status
New York Life Insurance Company Senior Vice President, Advanced Markets Current
Organization Position Status
New York Life Insurance Company Senior Vice President, Corp Services Dept Current
Organization Position Status
New York Life Insurance Company Senior Vice President Current
Organization Position Status
New York Life Insurance Company Senior Vice President, Communications Current
Organization Position Status
New York Life Insurance Company Vice President, Sales & Marketing Support Current
Organization Position Status
New York Life Insurance Company Vice President, Investment Policy & Asset Allocation Current
Organization Position Status
New York Life Insurance Company First Vice President Current
Organization Position Status
New York Life Insurance Company Vice President Current
Organization Position Status
New York Life Insurance Company Vice President Current
Organization Position Status
New York Life Insurance Company Vice President Current
Organization Position Status
New York Life Insurance Company Vice President Current
Organization Position Status
New York Life Insurance Company Vice President Current
Organization Position Status
New York Life Insurance Company Vice President, Media Relations Current
Organization Position Status
New York Life Insurance Company Senior Vice President, Service Delivery Current
Organization Position Status
New York Life Insurance Company Senior Vice President, Retirement Income Security Current
New York Life Investment Management LLC Executive Vice President, Retail Investments Former
New York Life Insurance Company Senior Vice President & Chief Operating Officer, Life and Annuity Former
Organization Position Status
New York Life Insurance Company Senior Vice President, Governmental Affairs Current
Organization Position Status
New York Life Insurance Company Senior Vice President & General Auditor Current
Organization Position Status
New York Life Insurance Company Senior Vice President, Life Insurance Manufacturing & Marketing Current
Organization Position Status
New York Life Insurance Company Senior Vice President Current
New York Life Insurance Company 1st Vice President Former
Organization Position Status
New York Life Insurance Company Senior Vice President & Senior Advisor to the President Current
Organization Position Status
New York Life Insurance Company Senior Vice President, Deputy General Counsel, & Secretary Current
Organization Position Status
New York Life Insurance Company Chairman Current
New York Life Insurance Company Chief Executive Officer Former
New York Life Insurance Company Director Former

Array

Organization Position Status
COMSAT Corporation President Current
The Pittston Company Current
Prevent Cancer Foundation Board of Directors Current
The Brink's Company Board Director Current
Rockwell Automation, Inc. Board Director Current
New York Life Insurance Company Board of Directors Current
Business-Higher Education Forum Board of Directors Current
The Brink's Company Corporate Governance, Nominating and Management Development Committee Member Current
New York Life Insurance Company Member, Investment Committee Current
Rockwell Automation, Inc. Technology, Environmental & Social Responsibility Committee Member Current
Comsat International, Inc. President Former
COMSAT Corporation Vice President of Sales and Marketing Former
COMSAT Corporation General Manager Former
New York Life Insurance Company Board of Directors Former

As the president and chief executive officer for The Western Union Company, Christina Gold is responsible for the financial and overall operational performance of the $5.3 billion company - a worldwide leader in money transfer, bill payment and prepaid services. Based at Western Union's global headquarters in Englewood, Colorado, Gold has executive management oversight of a network of over 379,000 Agent locations in 200 countries and territories. In addition, she oversees an employee base of over 5,600 people located in 50 countries. Prior to joining First Data Corporation, the former parent company of Western Union in May 2002, Gold was president and chief executive officer of telecommunications and e-commerce services provider Excel Communications. She also had a distinguished career with Avon where she served as president, Avon North America, and was credited with a significant turnaround of the cosmetic brand's U.S. business. Ms. Gold was recognized in 2003, 2006 and 2008 by Fortune magazine as one of America's 50 Most Powerful Women in Business. Gold was named one of Forbes magazine's "100 Most Powerful Women" in 2007 and 2008. BusinessWeek also named her as one of the top 25 U.S. managers in 1996. Gold serves on the board of directors of ITT Corporation and New York Life, and is a member of the Committee Encouraging Corporate Philanthropy. Gold is a graduate of Carleton University in Ottawa. She received the Award of Distinction - Faculty of Commerce & Administration from Concordia University in Montreal. She also received the "Batisseur," an honorary degree from the Professional Business School of Montreal, in recognition of her distinguished service to the business community.

Organization Position Status
The Western Union Company President & CEO Current
New York Life Insurance Company Board of Directors Current
ITT Corporation Board of Directors Current
The Western Union Company Board of Directors Current

Conrad K. Harper served as a Director from 1992 to 1993 and rejoined the Board as a Director in 1996. During his absence, Mr. Harper served as Legal Adviser of the U.S. Department of State. Mr. Harper is Of Counsel to the law firm of Simpson Thacher & Bartlett LLP. He chairs the Board's Governance Committee and is a member of the Investment Committee.

Organization Position Status
Simpson Thacher & Bartlett Llp Counsel Current
New York Life Insurance Company Board of Directors Current
U.S. Department of State Former
Organization Position Status
New York Life Insurance Company Board of Directors Current
WellChoice, Inc. Board of Directors Current
New York Life Insurance Company Member, Insurance & Operations Committee Current
Organization Position Status
New York Life Investment Management LLC Chairman Current
New York Life Insurance Company Vice Chairman Current
New York Life Insurance Company Chief Investment Officer Former
Life Corporation Chairman, New York Life Investment Management Former
New York Life Insurance Company Chairman Former
Organization Position Status
New York Life Insurance Company Board of Directors Current
The Wornick Company Board of Directors Current
Fluor Corporation Board of Directors Current
Merrill Lynch & Co., Inc. Board of Directors Current
DynCorp International Inc. Board of Directors Current
Emerson Electric Co. Board of Directors Current
U.S. Navy Admiral Former
New York Life Insurance Company Director Former
Bank of America Corporation Board of Directors Former
People Inc. U.S. Ambassador Former
Organization Position Status
New York Life Insurance Company Board of Directors Current
Verizon Communications Inc. president Former
Ingram Micro Inc. Chairman Former
Ingram Micro Inc. Board of Directors Former
Campbell Soup Company Board of Directors Former
Verizon Communications Inc. member Former
Organization Position Status
New York Life Insurance Company Board of Directors Current

Robert M. Baylis has served as a director since May 2000 and is the Chairman of the Company's Finance & Risk Management Committee and a member of the Company's Nominating & Governance Committee. Mr. Baylis was Vice Chairman of CS First Boston, a position he held until 1996, and prior to his retirement was Chairman and Chief Executive Officer of CS First Boston Pacific Inc. Mr. Baylis is a director of New York Life Insurance Company, Host Marriott Corporation, Covance, Inc., and is Chairman of the Board for Gildan Activewear, Inc. He is an overseer of the University of Pennsylvania Museum and a Trustee of the Rubin Museum of Art. Mr. Baylis is a member of the Advisory Council of the Economics Department of Princeton University and is a Chartered Financial Analyst.

Organization Position Status
Princeton University Member Economics Department Current
Darien Rowayton Bank Current
Gildan Activewear, Inc. Chairman of the Board Current
The International Forum Director Current
Rubin Museum of Art Board of Directors Current
New York Life Insurance Company Board of Directors Current
Covance, Inc. Director Current
Host Hotels & Resorts, Inc. Director Current
PartnerRe Ltd. Director Current
PartnerRe Ltd. Member Current
PartnerRe Ltd. Chairman of the Company's Finance & Risk Management Committee Former
Credit Suisse Vice Chairman Former
CS First Boston, Inc. Vice Chairman Former
National Council YMCA of the USA Board of Directors Former
Organization Position Status
Lowe's Companies, Inc. Board of Directors Current
New York Life Insurance Company Board of Directors Current
KPMG LLP Audit Partner Former
KPMG LLP National Director, Retail and Consumer Products Former
KPMG LLP Vice Chairman Former

Until his retirement in November 2004, Mr. Schievelbein was President of Northrop Grumman Newport News, a subsidiary of the Northrop Grumman Corporation, a global defense company, from November 2001. From October 1995 to October 2001, he served as Executive Vice President and Chief Operating Officer of Newport News Shipbuilding, Inc.

Organization Position Status
McDermott International, Inc. Director Current
New York Life Insurance Company Board of Directors Current
Newport News Shipbuilding Chief Operating Officer Former
Newport News Shipbuilding Executive Vice President Former
Organization Position Status
FMC Corporation President & Chief Executive Officer Current
FMC Corporation Chairman Current
New York Life Insurance Company Board of Directors Current

Mr. McKenna has served as a director of School Specialty since June 1998. From September 2002 through February 2006, Mr. McKenna was the non-executive Chairman of the Board. Mr. McKenna is a self-employed financial consultant. He is a director and a member of the Executive Committee of the Boston and New York Life Insurance Company, a subsidiary of Boston Mutual Life Insurance Company. Mr. McKenna is a director and member of the John Brown Cook Foundation, a foundation established to support organizations that promote the American way of life, and an overseer to the Catholic Student Center at Dartmouth College.

Organization Position Status
New York Life Insurance Company Member Current
Dartmouth College Overseer, Catholic Student Center Current
Boston Mutual Life Insurance Company Current
School Specialty Online, Inc Director Current
School Specialty, Inc. Non-Executive Chairman Former
Ledyard National Bank Director Former
School Specialty, Inc. Board of Directors Former

Executive News

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  • Two more leave BofA board

    Biz Journals - 6/22/09 - View Story

  • Two more leave BofA board

    Charlotte Business Journal - 6/22/09 - View Story

  • Two more Bank of America directors resign from board

    Los Angeles Times - 6/20/09 - View Story

  • Admiral Prueher, General Franks leave BofA board (Reuters)

    Yahoo! News - 6/20/09 - View Story

  • BofA Board Loses Two More Directors

    The Wall Street Journal Interactive Edition - 6/19/09 - View Story

  • Bank of America Loses Yet Another 2 Directors

    New York Times - 6/19/09 - View Story

  • Admiral Prueher, General Franks leave BofA board

    Reuters - 6/19/09 - View Story

  • 2 more Bank of America Directors resign

    Washington Post - 6/19/09 - View Story

  • New York Life Names Michael Scovel Senior Vice President for West Central Agencies

    DiGiTAL50 - 6/15/09 - View Story

  • New York Life Names Michael Scovel Senior Vice President for West Central Agencies

    RBC Dain Raushcer - 6/15/09 - View Story

  • New York Life Names Michael Scovel Senior Vice President for West Central Agencies

    Business Wire - 6/15/09 - View Story

  • Money and Politics Mix in Regulation of Insurance

    Washington Post - 6/12/09 - View Story

  • Surging First Quarter Sales Strengthen New York Life Position in Annuities

    Forbes.com - 6/08/09 - View Story

  • Surging First Quarter Sales Strengthen New York Life Position in Annuities

    Reuters - 6/08/09 - View Story

  • Surging First Quarter Sales Strengthen New York Life Position in Annuities

    Business Wire - 6/08/09 - View Story

  • PRESS DIGEST - South Korean newspapers - June 3

    Reuters - 6/02/09 - View Story

  • More investors hedging bet on living longer life

    Chicago Tribune - 5/30/09 - View Story

  • Ted Mathas Becomes New York Lifes Chairman

    Insurance and Technology - 5/29/09 - View Story

  • Ted Mathas Becomes Chairman of the Board of New York Life on June 1

    Business Wire - 5/29/09 - View Story

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