New York Life Names Scott Berlin Head of Group Membership Division
NEW YORK, June 24, 2013—New York Life has announced that Senior Vice President Scott Berlin has been named head of the company’s Group Membership Association Division, the largest underwriter of professional association insurance programs in the United States. He reports to Paul Pasteris, senior vice president of New York Life’s Insurance Group.
Mr. Berlin replaces John Cassagne who is retiring after more than 35 years of distinguished service with New York Life.
Mr. Berlin is responsible for the overall operation of Group Membership, positioning the division for further growth by identifying and developing new products and markets. New York Life’s Group Membership Association Division underwrites group life, health and disability income programs for professional associations and other groups. New York Life is the largest underwriter of professional association insurance programs in the United States, covering members of more than 500 associations across the country.
Mr. Berlin joined New York Life as an actuarial trainee in 1990. In 1996, he joined the Individual Life Department, where he held roles of increasing responsibility including senior vice president in charge of the Individual Life Department in 2005, where his primary responsibilities included setting overall strategy, marketing plans, and financial performance of individual life product lines. He was named chief financial officer of New York Life Enterprises in 2010, where he was responsible for overseeing financial results of all Enterprises’ international and domestic businesses and was named head of the Advanced Markets Network and business development in 2012.
Mr. Berlin earned a Bachelor of Arts degree in mathematics from the University of Michigan. He also earned an F.S.A (Fellow of the Society of Actuaries) designation and an M.A.A.A. (Member of the American Academy of Actuaries) designation. He resides in Syosset, New York with his wife and three children.
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 currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s & (AA+).** 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 retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.
* Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, May 20, 2013. See http://money.cnn.com/magazines/fortune/fortune500/2013/faq/?iid=F500_sp_method%20 for methodology.
**Source: Individual Third Party Ratings Reports as of 6/4/13.
***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.