New York Life promotes George Nichols to Executive Vice President.

NEW YORK, March 16, 2017—New York Life announced the promotion of George Nichols to Executive Vice President in charge of the Office of Governmental Affairs, which includes all state, federal and international legislative, regulatory and public policy issues at the company.

With the appointment, Mr. Nichols, who has led the Office of Governmental Affairs since 2007, will take on additional duties on an array of enterprise initiatives in support of the company’s long-term strategic objectives. He will continue to report to Ted Mathas, Chairman and CEO of New York Life, and serve as a member of New York Life’s Executive Management Committee, which is comprised of the company’s senior executive leadership. 

Mr. Nichols joined New York Life in 2001 as Senior Vice President and Assistant to the Chairman. From October 2001 until April 2003, Mr. Nichols was Senior Vice President in the Agency Department, responsible for overseeing standards, communications and technology related to the distribution of New York Life products through its licensed agents in the United States. For the next four years, Mr. Nichols served as Senior Vice President and Profit Center Head for New York Life’s AARP Tampa Operations, the leading direct marketer of life insurance for people ages 50 and above.

“Since joining the company, George’s leadership and expertise have been major contributors to our continued growth and success,” said Mr. Mathas. “He has led key parts of our organization, helping to solidify our leadership position in the industry and ably represented our company on the complex issues shaping the political, financial and regulatory landscapes around the world. I look forward to partnering with him on advancing our strategic agenda moving forward.”   

Mr. Nichols is a former Commissioner of the Kentucky Department of Insurance, where he regulated the state’s insurance industry and was recognized for his expertise in health insurance reform and financial services integration. He has served as President of the National Association of Insurance Commissioners and as Special Adviser to former Kentucky Governor Paul Patton. 

About New York Life

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.  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.

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Further Reading

Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/17/16.  For methodology, please see http://fortune.com/fortune500/.

Individual independent rating agency commentary as of 8/9/16.

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.