August 19, 2017 6:44 AM ET

Insurance

Company Overview of New York Life Insurance Co.

Company Overview

New York Life Insurance Company, a mutual life insurance company, together with its subsidiaries, provides a range of insurance and investment products and services. The company offers term and whole life insurance, long-term care insurance, pension products, disability insurance, and mutual funds. It also provides variable, fixed, and guaranteed income annuities; a suite of services, including finance and accounting, sales and marketing, and compliance and administration services; and business insurance solutions. In addition, the company invests in limited partnerships and limited liability companies, consolidated investment companies, derivatives, short-term investments, real estate, seni...

51 Madison Avenue

New York, NY 10010

United States

Founded in 1845

Phone:

212-576-7000

Key Executives for New York Life Insurance Co.

Chairman and Chief Executive Officer
Age: 50
President
Age: 57
Chief Financial Officer and Executive Vice President
Age: 54
Chief Investment Officer and Chief Executive Officer of NYL Investors Llc
Age: 54
CEO of Institutional Capital LLC and Chief Investment Officer of Institutional Capital LLC
Compensation as of Fiscal Year 2017.

New York Life Insurance Co. Key Developments

New York Life Insurance Co. Promotes Bianca H. O'Brien to the Position of Managing Partner of the Nassau General Office in Lake Success

Bianca H. O'Brien of Point Lookout, Northeast corporate vice president at New York Life Insurance Co. in Lake Success, has been promoted to managing partner of the Nassau general office in Lake Success.

New York Life Insurance Appoints Tony Malloy as Chief Investment Officer

New York Life Insurance announced the appointment of Tony Malloy as the company's chief investment officer (CIO), responsible for all of the assets that back the company's guarantees and obligations. Mr. Malloy takes on the CIO role after serving for more than five years as head of the organization now known as NYL Investors. He will continue to hold the title of chief executive officer of NYL Investors. Mr. Malloy assumes the position from New York Life President John Kim, who has served as CIO since 2010. Mr. Malloy reports to Mr. Kim. In recognition of his expanded role, Mr. Malloy also joins New York Life's Executive Management Committee (EMC), which is headed by New York Life Chairman and CEO Ted Mathas. Mr. Malloy brings more than 25 years of investment management and financial services experience to the CIO position.

New York Life Agrees to Settle Self-Dealing Suit

In a case accusing New York Life Insurance Company of improperly favoring and thereby profiting from the use of its MainStay funds in its retirement plans, a settlement agreement has been reached by the parties. New York Life has agreed to put aside $3 million in a fund to provide payment to the class represented by the lawsuit, the plaintiffs, and class counsel. The lawsuit focused on the MainStay S&P 500 Index Fund, owned and operated by New York Life Insurance Company and its subsidiaries.

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