Official Release: Protective taps Jeff Wasco to lead Employee Benefits business

The move supports continued growth and integration of Employee Benefits business following Protective’s acquisition of ShelterPoint

Shelia McGarrigle

2025-09-04T00:30:00.0000000 2025-09-05T09:17:55.1770000

September 4, 2025 (Birmingham, Ala.): Protective Life Corporation (Protective), a U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced the promotion of Jeff Wasco to SVP, Employee Benefits. Wasco will lead operations, sales, go-to-market strategy, distribution and product management for this important business line.

Wasco will report to Aaron Seurkamp, SVP and President, Protection & Retirement Division, who is taking on expanded responsibility in overseeing this business. Since the acquisition of ShelterPoint Life Insurance Company (ShelterPoint) ¹ in November 2024, Employee Benefits has played a key role in the Protective’s growth strategy, diversifying its product portfolio and opening doors to new market opportunities. This change is an important milestone in the continued integration of ShelterPoint into Protective and reflects the company’s ongoing commitment to positioning Employee Benefits for long-term success.

“Jeff has demonstrated strong leadership and strategic vision. His deep industry experience and proven ability to drive results make him the right leader to guide Employee Benefits through its next phase of growth,” said Seurkamp. “The mission of our Employee Benefits business line aligns well with Protective’s life and health offerings, reinforcing our shared commitment to delivering comprehensive, reliable coverage. We are excited about the future of this business.”

Wasco has led sales, product and distribution for the Employee Benefits business since 2024. He brings over 20 years of group benefits experience, including a variety of leadership roles at Guardian Life, driving focus on strategic growth initiatives. His industry knowledge and operational expertise position him well to lead Employee Benefits as it strengthens its foundation in New York and expands nationally.

ShelterPoint was recently approved as a private plan provider for Paid Family and Medical Leave (PFML) coverage in Minnesota, Delaware and Maine. This strategic expansion supports Protective’s commitment to investing in employee benefits and positions the company to help employers navigate evolving statutory benefit requirements. Minnesota, Delaware and Maine join a growing number of states implementing PFML programs, and ShelterPoint’s early market entry enables Protective to support businesses ahead of each state’s coverage mandates, which begin as early as January 1, 2026.

About Protective
Protective Life Corporation has helped people achieve protection and security in their lives for 118 years. Through its subsidiaries, Protective offers life insurance, annuity, asset protection and employee benefit solutions and is helping nearly 17 million people protect what matters most. Protective's more than 3,500 employees put people first and deliver on the company's promises to customers, partners, colleagues and communities - because we're all protectors. With a long-term focus, financial stability and commitment to doing the right thing, Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc., has $125 billion in assets, as of Dec. 31, 2024. Protective is headquartered in Birmingham, Alabama, and is supported by a robust virtual workforce and core sites in the greater Cincinnati area and St. Louis. For more information about Protective, visit protective.com.

About ShelterPoint
ShelterPoint specializes in statutory benefit programs in the Paid Family and Medical Leave (PFML) space in a growing number of states. For more information about ShelterPoint, please visit www.shelterpoint.com.

¹The ShelterPoint family of companies consists of ShelterPoint Life Insurance Company (a NY-domiciled carrier with its principal office in Garden City, NY) and its wholly owned subsidiary, ShelterPoint Insurance Company (a FL -domiciled carrier, not licensed in NY). These companies operate under the "ShelterPoint" name strictly as a marketing name, and no legal significance is expressed or implied. ShelterPoint's holding company, ShelterPoint Group, Inc., is not a licensed insurance entity. The ShelterPoint family of companies are wholly owned subsidiaries of Protective Life Insurance Company, a Nebraska domiciled carrier that is licensed in all states excluding NY.

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ShelterPoint is Now Part of Protective

Acquisition will position leading carrier in the Paid Family & Medical Leave space for long-term growth

Shelia McGarrigle

2024-11-01T11:00:00.0000000 2025-05-06T09:48:04.2630000

Nov. 1, 2024 (Birmingham, Ala.) - ShelterPoint Group, Inc., the holding company of ShelterPoint Life Insurance Company and its wholly-owned subsidiary, ShelterPoint Insurance Company (together “ShelterPoint”), has been acquired by Protective Life Insurance Company, the primary operating subsidiary of Protective Life Corporation (together “Protective”). Protective, the U.S. platform of Dai-ichi Life Holdings, Inc. (“Dai-ichi”; TSE:8750), provides life insurance, annuity and asset protection solutions to more than 14.4 million people.

“ShelterPoint and Protective share a common vision to grow and protect more people during life’s most critical moments. We are excited to become part of this great company and look forward to leveraging each other’s strengths as we work toward our goals and continue delivering an exceptional customer experience to those who have trusted us with their care,” added ShelterPoint’s CEO Leston Welsh, who joins Protective as SVP, President, Employee Benefits.

The merger better positions both ShelterPoint and Protective for future growth. 

“As a leader in the employee benefits space with a strong commitment to customer service, ShelterPoint stood out as a great business for Protective to add to our already diversified product mix. We welcome ShelterPoint’s teammates to the Protective family and look forward to continuing ShelterPoint’s great customer care to its more than two million customers,” said Rich Bielen, President & CEO of Protective.

“Today marks a special milestone in Protective’s story as we add a new business line to our portfolio,” added Wade Harrison, EVP, Chief Retail Officer for Protective. “ShelterPoint is a well-known leader in the employee benefits industry, and we are thrilled about the opportunities it brings. Most importantly, we remain committed to maintaining the exceptional service and quality this team has established during its more than 50 years of service.”

This transaction represents Protective’s 60^th acquisition and its seventh acquisition completed since Protective became part of Dai-ichi in 2015.

Serving as external legal counsel for Protective were Kirkland & Ellis LLP and Maynard Nexsen PC. ShelterPoint is a portfolio company of Eos Partners and its affiliates, a New York based private investment firm. ShelterPoint was represented by Winston & Strawn LLP and Katten Muchin Rosenman LLP. Financial advisors for this deal included Fenchurch Advisory Partners US LP for Protective and Goldman Sachs & Co. LLC for ShelterPoint.

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The ShelterPoint family of companies consists of ShelterPoint Life Insurance Company (principal office in Garden City, NY) and its wholly owned subsidiary, ShelterPoint Insurance Company (a FL-domiciled carrier). The ShelterPoint family of companies operates under the “ShelterPoint” name strictly as a marketing name, and no legal significance is expressed or implied. ShelterPoint’s holding company, ShelterPoint Group, Inc., is not a licensed insurance entity. ShelterPoint specializes in statutory benefit programs in the Paid Family and Medical Leave (PFML) space in a growing number of states. Since 1972, ShelterPoint Life specifically, has evolved into a leader in PFML.¹ As a result, more than 196,000 employers with 2 million employees¹ trust the company to help them strike the right balance between coverage and cost to comply with state regulations and complete their benefit equation. For more information about ShelterPoint, please visit www.ShelterPoint.com.

¹Milliman Research Report, 2023 U.S. Group Disability Survey, July 2024 – applies to ShelterPoint Life Insurance Company only.

This press release contains forward-looking statements and information – that is, statements related to future, not past, events. Such statements are based on the current expectations and certain assumptions of the management of the companies involved, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond their control, affect their operations, performance, business strategy, and results and could cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Risks may include, but are not limited to uncertainties in connection with: disposing of business activities, certain strategic reorientation measures; the performance of its equity interests and strategic alliances; the challenge of integrating major acquisitions, implementing joint ventures, and other significant portfolio measures; the introduction of competing products or technologies by other companies or market entries by new competitors; changing competitive dynamics; the risk that new products or services will not be accepted by customers targeted by the company and its subsidiaries; changes in business strategy; its relationships with governmental bodies and customers; developments in the health care market, legislation, and regulation; changes to the independent insurance broker/agent industry; approvals of the New York State Department of Financial Services and Insurance Departments of other states; and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the relevant forward-looking statement as expected, anticipated, intended, planned, believed, sought, estimated or projected. The companies neither intend to, nor assumes any obligation to, update or revise these forward-looking statements in light of developments that differ from those anticipated.

Official Release: Jeffrey Wasco Joins ShelterPoint as Executive Vice President – Chief Sales and Marketing Officer

Mr. Wasco to step into DeWitt Smith’s role as he retires after an impressive 43-year career in the insurance industry

Shelia McGarrigle

2024-08-05T00:30:00.0000000 2024-08-05T13:33:56.2070000

Garden City, NY, August 05, 2024 – Jeffrey (Jeff) Wasco joined ShelterPoint Life Insurance Company (ShelterPoint) as Executive Vice President - Chief Sales and Marketing Officer on Monday, August 5^th. This leadership transition aligns with DeWitt Smith’s planned retirement this fall, ShelterPoint’s current Executive Vice President - Chief Sales and Marketing Officer. The selection of Mr. Wasco follows a thorough and thoughtful succession planning process.

Mr. Wasco has built his 20+ year career at Guardian Life after earning his MBA from Northwestern University’s Kellogg Business School of Management. He brings an abundance of leadership experience in driving new business development and expanding existing accounts through multiple different regions over his time at Guardian. Notably, Jeff developed their Massachusetts Paid Family Medical Leave (PFML) product and has spent the last several years building the team, executing the strategy, and go-to-market plan for revenue, profit, and persistency across Guardian’s Group Benefits business. He expanded key strategic verticals, with a core focus on PEO, Absence Management, Supplemental Health, Voluntary Worksite Products, and Benefits Technology Platforms.

Leston Welsh, CEO, expressed his excitement about Jeff taking on this role, “Jeff’s strong focus on team culture, paired with his PFML, and overall Group Insurance experience will make him a wonderful addition to the outstanding talent that we have here at ShelterPoint.” Leston continued, “I would like take this opportunity to sincerely thank DeWitt for his 13 plus years of service here at ShelterPoint – 5 as a board member and 8 on the leadership team. His drive, commitment, and leadership have been instrumental in shaping our path forward, and setting us up for success in the future. We congratulate him on a 43-year career in the Insurance Industry, and wish him nothing but the best in this next chapter.”

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About ShelterPoint

The ShelterPoint family of companies consists of its founding entity ShelterPoint Life Insurance Company (principal office in Garden City, NY) and its wholly-owned subsidiary ShelterPoint Insurance Company (a FL-domiciled carrier), depending on the state. The ShelterPoint family of companies operates under the “ShelterPoint” name strictly as a marketing name, and no legal significance is expressed or implied.

ShelterPoint specializes in statutory benefit programs in the Paid Family and Medical Leave space in a growing number of states. For over 50 years, ShelterPoint’s founding entity has provided statutory Short-Term Disability Insurance (called DBL, short for Disability Benefits Law), and state-mandated Paid Family Leave¹ (PFL, for short) since 2018. As a result, in NY alone, more than 196,000 employers with 2 million employees² trust ShelterPoint to help them strike the right balance between coverage and cost to comply with state regulations and complete their benefit equation. For more information about ShelterPoint, please visit www.shelterpoint.com.

¹Applies to ShelterPoint Life Insurance Company only.
²Based upon ShelterPoint Life Insurance Company DBL/PFL policyholder and certificate holder count as of 12/31/23 – applies to ShelterPoint Life Insurance Company only.

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ShelterPoint to Become Part of Protective

Acquisition will position New York’s leading carrier1 of statutory Short-Term Disability insurance (DBL) and Paid Family Leave for long-term growth

Stephanie Haber

2024-04-09T14:29:00.0000000 2024-04-22T14:39:06.0870000

Garden City, April 9, 2024 – ShelterPoint Group, Inc., holding company of ShelterPoint Life Insurance Company and its wholly-owned subsidiary, ShelterPoint Insurance Company (together “ShelterPoint”), agreed to be acquired by Protective Life Insurance Company, the primary subsidiary of Protective Life Corporation (together “Protective”). Protective, the U.S. subsidiary of Dai-ichi Life Holdings, Inc. (“Dai-ichi”; TSE:8750), provides life insurance, annuity and asset protection solutions to more than 14.4 million people.

ShelterPoint and Protective are both committed to helping people achieve protection when they need it most – something ShelterPoint has been providing for over 50 years in New York as a leader in statutory Short-Term Disability insurance (“DBL”)²; and, in more recent years, in the form of New York’s state-mandated Paid Family Leave insurance (“PFL”)² as well as Paid Family and Medical Leave insurance in other states.

“As more states are requiring Paid Family and Medical Leave insurance, we’re excited to receive the strong support of Protective on our path to making this essential benefit available in a growing number of states,” said Rich White, Executive Chairman of the Board of ShelterPoint. 

“This transaction will ring in and accelerate an inspiring new chapter for our company,” adds Leston Welsh, CEO of ShelterPoint. “At the same time, this transaction is expected to empower ShelterPoint to even further enhance its longstanding DBL/PFL capabilities² that customers have come to trust and rely on when needing to take leave.”

“On our continued journey to grow our business and serve more people, we are thrilled to add new services to our portfolio through the acquisition of ShelterPoint,” said Rich Bielen, President & CEO of Protective. “We look forward to welcoming ShelterPoint’s customers and the company’s talented teammates to Protective upon closing.”

Once closed, the transaction will mark Protective’s 60^th acquisition and the seventh deal completed since Protective became part of Tokyo-based Dai‑ichi in 2015. Dai-ichi, a global leader with over $437 billion in total assets, as of Sept. 30, 2023, serves customers in 10 countries.

The transaction is expected to close before the end of the year, pending regulatory approvals and other customary closing conditions. Until the closing, both businesses will maintain separate operations.

Serving as external legal counsel for Protective were Kirkland & Ellis LLP and Maynard Nexsen. ShelterPoint is a portfolio company of Eos Partners and its affiliates, a New York based private investment firm. ShelterPoint was represented by Winston & Strawn LLP and Katten Muchin Rosenman LLP. Financial advisors for this deal included Fenchurch Advisory Partners US LP for Protective and Goldman Sachs & Co. LLC for ShelterPoint.

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About ShelterPoint
The ShelterPoint family of companies consists of its founding entity ShelterPoint Life Insurance Company (principal office in Garden City, NY), and its wholly-owned subsidiary ShelterPoint Insurance Company (a FL-domiciled carrier), depending on the state. The ShelterPoint family of companies operates under the “ShelterPoint” name strictly as a marketing name, and no legal significance is expressed or implied. ShelterPoint’s holding company, ShelterPoint Group, Inc. is not a licensed insurance entity.  ShelterPoint specializes in statutory benefit programs in the Paid Family and Medical Leave space in a growing number of states. Since 1972, ShelterPoint’s founding entity has grown into New York’s largest¹ carrier of statutory Short-Term Disability Insurance (called DBL, short for Disability Benefits Law), and has provided state-mandated Paid Family Leave² (PFL, for short) since it became a state mandated benefit in 2018. As a result, in NY alone, more than 196,000 employers with 2 million employees³ trust ShelterPoint to help them strike the right balance between coverage and cost to comply with state regulations and complete their benefit equation. For more information about ShelterPoint, please visit www.ShelterPoint.com.

¹State of New York Workers’ Compensation Board, form DB-680, 2016 – applies to ShelterPoint Life Insurance Company only.

²Applies to ShelterPoint Life Insurance Company only.

³Based on ShelterPoint Life Insurance Company DBL/PFL policyholder and certificate holder count as of 12/31/23 – applies to ShelterPoint Life Insurance Company only.

About Protective
Protective has helped people achieve protection and security in their lives for 117 years. Through its subsidiaries, Protective offers life insurance, annuity and asset protection solutions and is helping more than 14.4 million people protect what matters most. Protective’s more than 3,800 employees put people first and deliver on the company’s promises to customers, partners, colleagues and communities - because we’re all protectors. With a long-term focus, financial stability and commitment to doing the right thing, Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), has $118 billion in assets, as of Dec. 31, 2023. Protective is headquartered in Birmingham, Alabama, and supported by a robust virtual workforce and core sites in the greater Cincinnati area and St. Louis. For more information about Protective, visit www.protective.com.

This press release contains forward-looking statements and information – that is, statements related to future, not past, events. Such statements are based on the current expectations and certain assumptions of the management of the companies involved, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond their control, affect their operations, performance, business strategy, and results and could cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Risks may include, but are not limited to uncertainties in connection with: disposing of business activities, certain strategic reorientation measures; the performance of its equity interests and strategic alliances; the challenge of integrating major acquisitions, implementing joint ventures, and other significant portfolio measures; the introduction of competing products or technologies by other companies or market entries by new competitors; changing competitive dynamics; the risk that new products or services will not be accepted by customers targeted by the company and its subsidiaries; changes in business strategy; its relationships with governmental bodies and customers; developments in the health care market, legislation, and regulation; changes to the independent insurance broker/agent industry; approvals of the New York State Department of Financial Services and Insurance Departments of other states; and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the relevant forward-looking statement as expected, anticipated, intended, planned, believed, sought, estimated or projected. The companies neither intend to, nor assumes any obligation to, update or revise these forward-looking statements in light of developments that differ from those anticipated.

Official Release: ShelterPoint Announces Leadership Succession

As Richard White transitions to Executive Chairman of the Board, Leston Welsh steps up as CEO of ShelterPoint

Shelia McGarrigle

2024-04-04T07:00:00.0000000 2024-04-04T13:06:50.0830000

                                                                                                                                                                                                                                                                                                  PR Contact: marketing@shelterpoint.com            

For Immediate Release

ShelterPoint Announces Leadership Succession

As Richard White transitions to Executive Chairman of the Board,
Leston Welsh steps up as CEO of ShelterPoint  

Garden City, April 03, 2024 – Effective immediately, Richard White, who has led ShelterPoint Life Insurance Company (ShelterPoint) as CEO since 2009, is moving into the role of Executive Chairman of the Board of Directors, with the company’s existing Chairman, Dr. Seth Goldberg, remaining on the Board as a Director. Leston Welsh, who joined ShelterPoint as President last April, is now stepping into the CEO role effective the same day. This announcement follows a thorough and thoughtful succession planning process conducted by the company.

“Serving as CEO at ShelterPoint has been a great honor and my favorite chapter of my career. Having gotten to know Leston over the time we have worked together, I am pleased that we found such a talented executive to take the lead as CEO. Leston has demonstrated a strong understanding of the culture that makes ShelterPoint a great organization, and I’m confident he will lead the company to even greater success over the coming years. I’m excited to expand my role on the Board where I’ll be able to support ShelterPoint during our next chapter of growth,” said Richard White.

“I am honored by the Board’s decision. It’s a privilege to step into this role, and I look forward to ensuring a smooth transition together with our experienced management team and dedicated employees,” added Leston Welsh.

Mr. Welsh brought a wealth of leadership experience from highly respected companies in the industry when he joined ShelterPoint – including Sun Life, Unum, Prudential, New York Life, and Teachers Insurance and Annuity Association of America (TIAA). Mr. Welsh is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.

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About ShelterPoint

The ShelterPoint family of companies consists of its founding entity ShelterPoint Life Insurance Company (principal office in Garden City, NY) and its wholly-owned subsidiary ShelterPoint Insurance Company (a FL-domiciled carrier), depending on the state. The ShelterPoint family of companies operates under the “ShelterPoint” name strictly as a marketing name, and no legal significance is expressed or implied.

ShelterPoint specializes in statutory benefit programs in the Paid Family and Medical Leave space in a growing number of states. Since 1972, ShelterPoint’s founding entity has grown into New York’s largest¹ carrier of statutory Short-Term Disability Insurance (called DBL, short for Disability Benefits Law), and has provided state-mandated Paid Family Leave² (PFL, for short) since it became required in 2018. As a result, in NY alone, more than 196,000 employers with 2 million employees³ trust ShelterPoint to help them strike the right balance between coverage, and cost to comply with state regulations and complete their benefit equation. For more information about ShelterPoint, please visit www.shelterpoint.com.

¹State of New York Workers’ Compensation Board, form DB-680, 2016 – applies to ShelterPoint Life Insurance Company only.

²Applies to ShelterPoint Life Insurance Company only.

³Based upon ShelterPoint Life Insurance Company DBL/PFL policyholder and certificate holder count as of 12/31/23 – applies to ShelterPoint Life Insurance Company only.

This press release contains forward-looking statements and information – that is, statements related to future, not past, events. Such statements are based on the current expectations and certain assumptions of the management of ShelterPoint, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond their control, affect their operations, performance, business strategy and results and could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Risks may include, but are not limited to uncertainties in connection with: disposing of business activities, certain strategic reorientation measures; the performance of its equity interests and strategic alliances; the challenge of integrating major acquisitions, implementing joint ventures and other significant portfolio measures; the introduction of competing products or technologies by other companies or market entries by new competitors; changing competitive dynamics; the risk that new products or services will not be accepted by customers targeted by ShelterPoint and its subsidiaries; changes in business strategy; its relationships with governmental bodies and customers; developments in the health care market, legislation, and regulation; changes to the independent insurance broker/agent industry; approvals of the New York State Insurance Department and Insurance Departments of other states; and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the relevant forward-looking statement as expected, anticipated, intended, planned, believed, sought, estimated or projected. ShelterPoint neither intends to, nor assumes any obligation to, update or revise these forward-looking statements in light of developments which differ from those anticipated.

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Official Release: Leston Welsh Joins ShelterPoint as President

Insurance Industry Veteran adds Expertise to Leading Carrier in the Statutory Benefits Market

Shelia McGarrigle

2023-04-11T07:00:00.0000000 2023-04-11T12:14:40.5970000

Garden City, April 11, 2023 – Leston Welsh joined ShelterPoint Life Insurance Company (ShelterPoint) as President on Monday, April 10.

Mr. Welsh brings a wealth of leadership experience from some of the most respected companies in our industry – Sun Life, Unum, Prudential, New York Life and most recently, Teachers Insurance and Annuity Association of America (TIAA), where he was Senior Managing Director & Product General Manager for Individual Retirement Solutions. He is originally from Jamaica, having moved to New York City after high school where he graduated from Baruch College with a BA in Mathematics. Leston Welsh started his career in the actuarial program at Price Waterhouse Coopers and then moved to New York Life, where he became a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries. He is also a Qualified Actuary and a FINRA Registered Principal (Series 6, 7, 24, 26). While Mr. Welsh has extensive actuarial experience and qualifications, he has spent the last several years leading major product and business units for some of the companies mentioned above.

Mr. Welsh is an addition to the existing executive management team led by CEO Richard White, who has been with the company since 2009.

Mr. White expressed his excitement about adding this new talent to the executive leadership team, “The addition of Leston reflects the success that all of us have built together here at ShelterPoint. We have seen very healthy growth and are making investments back into the company to continue to our growth and to support the increasing complexities of our business as we expand into additional states. We have invested substantially in the last few years in training, systems, processes, and information. We have also added – and continue to add – more people to address our increased volume of activity and to bring additional expertise to the company. Leston is our latest addition to building on the outstanding talent that we have here at ShelterPoint.”

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About ShelterPoint

The ShelterPoint family of companies consists of its founding entity ShelterPoint Life Insurance Company (principal office in Garden City, NY), and its wholly-owned subsidiary ShelterPoint Insurance Company (a FL-domiciled carrier), depending on the state. The ShelterPoint family of companies operates under the “ShelterPoint” name strictly as a marketing name, and no legal significance is expressed or implied.

ShelterPoint specializes in statutory benefit programs in the Paid Family Leave/Disability space in a growing number of states. Since in 1972, ShelterPoint’s founding entity has grown into New York’s largest¹ carrier of statutory Short-Term Disability Insurance (called DBL, short for Disability Benefits Law), and has provided state-mandated Paid Family Leave² (PFL, for short) since it became required in 2018. As a result, in NY alone, more than 184,000 employers with 1.9 million employees³ trust ShelterPoint to help them strike the right balance between compliance, coverage, and cost to complete their benefit equation. For more information about ShelterPoint, please visit www.shelterpoint.com.

¹State of New York Workers’ Compensation Board, form DB-680, 2016 – applies to ShelterPoint Life Insurance Company only.

²Applies to ShelterPoint Life Insurance Company only.⁵

³Based upon ShelterPoint Life Insurance Company policyholder and certificate holder count as of 02/26/20 – applies to ShelterPoint Life Insurance Company only.

This press release contains forward-looking statements and information – that is, statements related to future, not past, events. Such statements are based on the current expectations and certain assumptions of the management of ShelterPoint, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond their control, affect their operations, performance, business strategy, and results and could cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Risks may include, but are not limited to uncertainties in connection with: disposing of business activities, certain strategic reorientation measures; the performance of its equity interests and strategic alliances; the challenge of integrating major acquisitions, implementing joint ventures, and other significant portfolio measures; the introduction of competing products or technologies by other companies or market entries by new competitors; changing competitive dynamics; the risk that new products or services will not be accepted by customers targeted by ShelterPoint and its subsidiaries; changes in business strategy; its relationships with governmental bodies and customers; developments in the health care market, legislation, and regulation; changes to the independent insurance broker/agent industry; approvals of the New York State Insurance Department and Insurance Departments of other states; and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the relevant forward-looking statement as expected, anticipated, intended, planned, believed, sought, estimated or projected. ShelterPoint neither intends to, nor assumes any obligation to, update or revise these forward-looking statements in light of developments that differ from those anticipated.

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Press Release: David Melman, Chief Legal Officer, Appointed to LICONY’s Board of Directors

Life Insurance Council of New York welcomes new members to Board of Directors

Anupam Garg

2021-10-22T07:00:00.0000000 2022-12-23T13:48:12.6430000

ShelterPoint Life Insurance Company (“ShelterPoint Life”) has announced that David Melman, Senior Vice President of Government Affairs and Chief Legal Officer, has been appointed to the Board of Directors for the Life Insurance Council of New York. He will serve a four year term beginning January 1, 2022 through 2025.

“I am honored to be elected to the Board of Directors of LICONY.  LICONY is committed to advancing the interests of New York’s life insurers for the benefit of all New Yorkers and their families.  I look forward to serving as a Board member and working with LICONY’s dedicated team and member life insurance companies,” commented David Melman on his appointment to LICONY’s Board of Directors.

David Melman has been with ShelterPoint Life for almost a decade, where he directs daily compliance monitoring and response activities, heads up the special investigation unit, and oversees all legal activities as well as state lobbying and governmental affairs initiatives.

“We are delighted to welcome our newest members to the LICONY Board of Directors,” said LICONY President and CEO Richard A. Loconte. “These veteran executives know our organization well; and the diverse experience they bring from their combined decades of experience in the life insurance industry will be instrumental in advancing our advocacy with our legislative and regulatory stakeholders.”

Click here to read the full announcement on the new board members for LICONY.

About ShelterPoint 

Since its inception in 1972, ShelterPoint Life, a NY-domiciled insurance carrier, has grown into New York’s largest¹ Statutory Short-Term Disability and Paid Family Leave carrier. The company also specializes in state-mandated benefit programs beyond New York – including NJ, CT, MA – and provides other employee benefits to round out its product portfolio. Currently, ShelterPoint Life insures more than 184,000 NY employers with 1.9 million NY employees.² The ShelterPoint family of companies consists of ShelterPoint Life  and its wholly-owned subsidiary ShelterPoint Insurance Company, a FL-domiciled carrier, depending on the state (see our Geographic & Jurisdictional Notice here). The ShelterPoint family of companies operates under the “ShelterPoint” name strictly as a marketing name, and no legal significance is expressed or implied. ShelterPoint is a registered service mark.

¹ State of New York Workers’ Compensation Board, form DB-680, 2016 – applies to statutory disability premiums under ShelterPoint Life Insurance Co. only

²Based upon ShelterPoint Life Insurance Company policyholder and certificate holder count as of 02/26/20

About LICONY

LICONY is the trade association representing the life insurance industry doing business in New York State. LICONY’s 58 domestic and 21 nondomestic member companies together provide the vast majority of life, disability income, long-term care insurance and annuity benefits for New Yorkers. LICONY is governed by a 16-member Board of Directors that meets at least four times a year.

Official Release: ShelterPoint Life Receives "Insurance Team of the Year" Award

Insurance Advocate Magazine Recognizes ShelterPoint Life's Achievements in Proactive Educational Outreach and Preparation for Paid Family Leave.

Yiu Tso

2018-01-26T12:00:00.0000000 2022-07-15T11:06:52.8830000

Garden City, New York, January 26, 2018 – ShelterPoint Life Insurance Company (“ShelterPoint Life”), New York’s largest statutory disability (DBL) insurance carrier¹ received the “Insurance Team of the Year” award issued by Insurance Advocate magazine on Thursday, January 25th, 2018. This is in recognition of ShelterPoint Life’s extraordinary preparation, education, and communication of NY Paid Family Leave (PFL) throughout 2017. Steve Acunto, Publisher of Insurance Advocate, explains, “ShelterPoint’s achievements in proactive, educational outreach have affected the community most favorably. This new law would have otherwise created disruption for the producer community, employers, and employees in New York State, were it not for ShelterPoint’s intelligent, careful approach to the implementation of the new law.”

Each year Insurance Advocate cites a company, person, or other leader who has distinguished themselves in service to the insurance industry itself and, by extension, the insuring public.

Richard White, CEO of ShelterPoint Life, notes, “I am very proud of what we have accomplished as a team in regards to PFL thus far, and this is reflected in our recognition by the Insurance Advocate. While our 18-month build-up is winding down and all systems are a GO, this is just the beginning of PFL for New Yorkers. My sincere thanks to our PFL team for their tireless work to implement PFL and make this happen for the hundreds of New Yorkers who have already submitted a first claim to ShelterPoint. I also want to express my appreciation to the Department of Financial Services and the Workers’ Compensation Board for their hard work and cooperation in working with insurance carriers and employers during the critical Paid Family Leave roll-out stage.”

The award was officially presented to ShelterPoint Life during an awards luncheon with select industry representatives at The Carltun at Eisenhower Park in East Meadow.  

Additionally, ShelterPoint Life received a Certificate of Recognition from New York Senator Todd Kaminsky for its outstanding service to the community with respect to Paid Family Leave awareness and education.

For more information about Paid Family Leave, visit ShelterPoint Life’s educational PFL site www.NewYorkPFL.com

About ShelterPoint

The ShelterPoint family of companies consists of ShelterPoint Life Insurance Company and ShelterPoint Insurance Company. ShelterPoint Life (formerly The First Rehabilitation Life Insurance Company of America, short First Rehab Life) was founded in 1972 and is headquartered in Great Neck, NY. Since its inception, ShelterPoint Life has grown into New York’s largest¹ statutory disability carrier. Through the years, ShelterPoint Life has added additional employee benefits to its product portfolio and currently insures more than 150,000 employers and over 1.3 million individual insureds. In 2014, First Rehab Life changed its name to ShelterPoint Life Insurance Company. For more information about ShelterPoint, please visit www.shelterpoint.com

¹ State of New York Workers’ Compensation Board, form DB-680, 2014 – applies to statutory disability premiums under ShelterPoint Life Insurance Company

Photography by John Ellis Kordes and Gina Marie Balog

Official Release: ShelterPoint Partners with Maxwell Health

ShelterPoint's Group Benefits now Available on Private Online Marketplace

Yiu Tso

2016-02-08T12:00:00.0000000 2022-07-15T10:56:25.1030000

Great Neck, NY, February 8, 2016-- ShelterPoint Life Insurance Company, and its subsidiary ShelterPoint Insurance Company (ShelterPoint), announced the inclusion of their suite of group benefits on the Maxwell Health platform (Maxwell). Maxwell's private marketplace and employee benefits technology platform is an increasingly popular distribution channel for health insurance and ancillary benefits. 

The following ShelterPoint products are now accessible to brokers and employers using Maxwell's benefits platform: Dental, Vision, Term Life, Hospital Cash, Accidental Death & Dismemberment, 24-hour Accident, NY statutory Disability (DBL), Employer & Employee Assistance Program (EAP), and Nurse HelpLine.

ShelterPoint, with its origin and expertise in short-term disability, is ranked #1 in New York for statutory short-term disability.¹ Over the years, ShelterPoint has diversified its product portfolio into a full suite of employee benefits and is now making its products available on a national scale. Working with Maxwell is the right fit for ShelterPoint's national expansion course and dedication to making benefits easy.
 
"We're excited about partnering with a cutting-edge marketplace," said Richard White, CEO of ShelterPoint. "Maxwell Health is a perfect fit for our wider mission of keeping group benefits simple and to-the-point for small businesses. With that, Maxwell Health reflects our commitment to empowering small businesses." All ShelterPoint products are available for groups of two or more employees.

For employers, Maxwell streamlines the administration of benefits, human resources, and payroll, and its beautiful, modern user experience makes it easy for employees to choose and use their benefits, helping them achieve better health and financial security.
 

About ShelterPoint
The ShelterPoint family of companies consists of ShelterPoint Life Insurance Company and ShelterPoint Insurance Company. ShelterPoint Life (formerly The First Rehabilitation Life Insurance Company of America, short First Rehab Life) was founded in 1972 and is headquartered in Great Neck, NY. Since its inception, ShelterPoint Life has grown intoNew York's largest¹ statutory disability carrier. Through the years, ShelterPoint Life has added additional employee benefits to its product portfolio and currently insures more than 150,000 employers and over 1.3 million members. In 2014, First Rehab Life changed its name to ShelterPoint Life Insurance Company. For more information about ShelterPoint, please visit www.shelterpoint.com
¹ State of New York Workers' Compensation Board, form DB-680, 2014 – applies to statutory disability premiums under ShelterPoint Life Insurance Co. only.

About Maxwell Health
Maxwell Health is a technology platform and innovative marketplace solution that makes benefits and HR simple. Maxwell streamlines the administration of benefits, human resources, and payroll for HR administrators, and its beautiful, modern experience makes it easy for employees to choose and use their benefits, helping them achieve better health and financial security. Leading benefits advisors and insurance carriers partner with Maxwell to deliver a state-of-the-art benefits and HR experience for small-to-mid-size employers and their employees. To learn more about Maxwell Health, please visit www.maxwellhealth.com. 

Official Release: ShelterPoint Life Partners with National Vision Administrators

Updated plans will offer better service to members

Yiu Tso

2015-06-26T11:38:00.0000000 2022-07-15T11:05:00.0830000

Great Neck, NY, June 26, 2015-- ShelterPoint Life Insurance Company is partnering with National Vision Administrators, L.L.C. (NVA), one of the largest national vision networks and benefit administrators, to provide enhanced network benefits and claims processing capabilities for its policyholders.

The partnership allows ShelterPoint to leverage NVA’s negotiating power to reduce the cost of its vision benefits for its members by utilizing NVA’s national network of over 40,000 eye care professionals, including retailers and independent doctors.

ShelterPoint will have the flexibility to create custom plans based on the individual needs of its clients. In addition, ShelterPoint’s members will have access to NVA’s stellar vision benefits administration practices and a live 24/7/365 call center.

“We’re excited about partnering with a long-established leader in vision benefits,” said Richard White, CEO of ShelterPoint, “and NVA is the perfect fit for our wider mission of keeping group benefits simple and to-the-point for all of our small business clients.”

The NVA vision plans will be available beginning July 1, 2015.

About ShelterPoint

The ShelterPoint family of companies consists of ShelterPoint Life Insurance Company (formerly First Rehab Life) and ShelterPoint Insurance Company.

ShelterPoint Life (formerly The First Rehabilitation Life Insurance Company of America, short First Rehab Life) was founded in 1972 and is headquartered in Great Neck, NY.  Since its inception, ShelterPoint Life has grown into New York’s largest* statutory disability carrier. Through the years, ShelterPoint Life has added additional employee benefits to its product portfolio and currently insures more than 150,000 employers and over 1.3 million members. In 2014, First Rehab Life changed its name to ShelterPoint Life Insurance Company.

A Florida-domiciled carrier was acquired in 2014, which was renamed ShelterPoint Insurance Company. This newly acquired entity is a wholly-owned subsidiary of ShelterPoint Life and is licensed in 48 states and territories.

About NVA

NVA has a long history of providing innovative and cost-effective vision benefit programs for its plan sponsors and their subscribers since 1979.  Providing millions of people throughout the United States with vision care programs, NVA serves employers in both the private and public sectors, unions as well as MCOs, third party administrators and health care purchasing coalitions.

NVA’s ever-growing vision provider network consists of tens of thousands of highly qualified, licensed eye care professionals. The network includes ophthalmologists, optometrists, and opticians, independent practitioners as well as optical retailers in all 50 states and Puerto Rico.