New York Life Named A Top 50 Company By National Association For Female Executives For The Second Consecutive Year
2011 List Honors Companies for their Dedication to Women's Advancement
NEW YORK, NY, March 15, 2011 - New York Life Insurance Company has been named to the NAFE Top 50 Companies and 10 Nonprofits for Executive Women by the National Association for Female Executives (NAFE). New York Life was recognized for the second consecutive year, and four out of the last six years, as an organization whose policies and practices encourage women's advancement and whose numbers at the highest levels of leadership demonstrate that commitment.
"To be named to this prestigious list is an endorsement of our continued efforts to help all our employees meet their personal and career goals. This honor affirms our dedication to a culture where women are encouraged to hold leadership roles and make substantial contributions to the organization," said Maria Mauceri, first vice president and actuary, Human Resource Department, New York Life. "We have a long-standing commitment to providing programs that help women achieve a work-life balance and grow in their careers and that is why women looking for meaningful and exciting leadership opportunities are attracted to New York Life."
"New York Life is committed to attracting, retaining and maximizing the performance of women," says Dr. Betty Spence, NAFE president. "We applaud their efforts in paving the way for diversification and women's professional advancement."
Companies elected for this honor must have at least two women on the board and track gender in profit and loss jobs. In addition to assessing corporate programs and polices dedicated to advancing women, NAFE measured results examining the number of women in each company overall, in senior management, and on its board of directors.
The National Association for Female Executives (NAFE), founded in 1972, serves 20,000 members nationwide with networking, tools and solutions to strengthen and grow their careers and businesses. NAFE magazine publishes the annual Top Companies issue and the annual Women of Excellence issue. NAFE.com provides up-to-date information, community for women in business and access to member benefits. NAFE is a division of Working Mother Media and Bonnier Corporation.
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 Investments** 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. Please visit New York Life's Web site at www.newyorklife.com for more information.
*New York Life is the largest mutual life insurance company based on the Fortune 500, ranked within industries, Insurance: Life, Health (Mutual), Fortune magazine, May 3, 2010.
**New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.