September 21, 2014 8:29 PM ET


Company Overview of New York Life Insurance Co.

Company Overview

New York Life Insurance Company, together with its subsidiaries, provides a range of insurance and investment products and services. The company offers life and health insurance, long-term care, annuities, pension products, mutual funds, and other investments and investment advisory services. It also provides life insurance, and fixed immediate and deferred annuities to members of AARP; and underwrites group life and disability programs for professional and affinity organizations. In addition, the company offers securities brokerage, financial planning and investment advisory services, trust services, and capital financing services. New York Life Insurance Company offers its insurance and an...

51 Madison Avenue

New York, NY 10010

United States

Founded in 1845



Key Executives for New York Life Insurance Co.

Chief Financial Officer and Executive Vice President
Age: 51
Chief Executive Officer of Institutional Capital LLC and Chief Investment Officer of Institutional Capital LLC
Senior Managing Director of Investments Group and Chief Executive Officer of New York Life Investment Management
Senior Managing Director and Chief Executive Officer of NYL Investors LLC
Age: 51
Compensation as of Fiscal Year 2014.

New York Life Insurance Co. Key Developments

New York Life Appoints Katherine O'Brien to Executive Management Committee

New York Life has announced the appointment of Katherine O'Brien to its Executive Management Committee. Ms. O'Brien is chief human resources officer of New York Life. In 2010, she was elected senior vice president and chief corporate counsel, leading all corporate practice teams in the Office of the General Counsel, including the employment and ERISA units. She was named chief human resources officer in 2013.

New York Life Announces Executive Changes

New York Life has named Matthew Grove chief administrative officer in New York Life's Insurance and Agency Group, where he is responsible for oversight of strategy development for the Group, new business operations, and quality assurance, compliance and finance functions for the Service operation. He reports to Co-President of Insurance and Agency Group Chris Blunt. Taking over Mr. Grove's former role is David Cruz, who was elected senior managing director in charge of the Retail Annuities business, including product development, product management, marketing, in-force business and annuity service operations. He reports to New York Life's Vice Chairman John Kim. Prior to this role, Mr. Cruz was managing director of the company's Investments Group Strategy, supporting strategic initiatives across the Investments Group. Mr. Cruz joined New York Life in 1994 and has held roles of increasing responsibility including product development, product management, relationship management for the company's Guaranteed Products business, and an instrumental role in developing New York Life's presence in the stable value wrap marketplace for New York Life Retirement Plan Services in Westwood, Ma. Mr. Grove joined New York Life in 2009 to lead the company's effort to establish guaranteed lifetime income as an asset class, and he was also responsible for the distribution of mutual funds and annuity products through Registered Investment Advisors (RIAs). Prior to joining New York Life, Mr. Grove was the chief marketing officer of Jefferson National. At Jefferson National, he was responsible for developing and marketing the leading annuity product distributed through the RIA channel.

New York Life Introduces Retirement Readiness Dashboard

New York Life Retirement Plan Services has introduced its new Retirement Readiness Dashboard, a tool to help plan sponsors and their advisors determine employees' retirement readiness and model plan changes to increase these rates. The Retirement Readiness Dashboard shows how prepared participants are for retirement when compared to industry peers and all other New York Life retirement clients, and allows segmentation by participant age, tenure, salary and division. The dashboard, which was rolled out across New York Life's client base in May, also features interactive tools to model how adding features including auto enrollment, auto escalation or changes in corporate match will affect participant readiness.

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