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Nancy Davenport Joins New York Life As Vice President In Office Of Governmental Affairs

NEW YORK, N.Y., August 25, 2009 — New York Life Insurance Company announced today that Nancy Davenport has joined the company as vice president in the Office of Governmental Affairs, reporting to First Vice President Gayle Yeomans.

In this role, Ms. Davenport will oversee development and communication of the company's strategies related to state and federal insurance regulatory modernization efforts.

Prior to joining New York Life, Ms. Davenport served as vice president at JPMorgan Chase, where she was responsible for legislative, regulatory and political advocacy for the company in the states of New York, New Jersey, Connecticut and Massachusetts.

Before that, Ms. Davenport served as senior counsel and director of Northeast State Relations for the American Council of Life Insurers. She also served as director of the Assembly Minority Counsel's Office in the New York State Legislature in Albany, and as executive director and counsel for the New York State Legislative Ethics Committee. Before serving in the New York State Legislature, Ms. Davenport was in private practice and an adjunct lecturer at Vassar College.

Ms. Davenport holds a B.A. degree from Miami University in Ohio and a J.D. from Wake Forest University School of Law. Ms. Davenport is admitted to the state bars of New York and North Carolina. She currently resides in Kingston, N.Y. with her husband Jim Davenport and their 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 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. Visit New York Life's Web site at www.newyorklife.com for more information.

*"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.

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Nancy Davenport Joins New York Life As Vice President In Office Of Governmental Affairs

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