Garden City, NY, March 6, 2019 – ShelterPoint Life Insurance Company (“ShelterPoint Life”) today announced that Richard White, CEO, has been appointed a member of the Life Insurance Council of New York’s (LICONY) Board of Directors, effective January 1, 2019.
Mr. White joins other leading life insurance industry experts on the Board of LICONY to advocate and foster growth of life insurance throughout the state. LICONY was also instrumental in providing an open line of communication between insurance carriers and regulators during the implementation of New York Paid Family Leave.
“I am honored to add my voice to fellow industry leaders as they represent NY’s life insurance industry and educate New Yorkers about the importance of this essential coverage,” commented Richard White on his appointment to the LICONY Board.
“We are pleased that Richard White has agreed to join the LICONY board. He brings another substantial voice to the planning and direction of LICONY’s advocacy efforts,” added Mary Griffin, President and CEO of LICONY. “I’m confident Rich, with his over 30 years of experience in the business, will be a tremendous asset to our organization.”
Mr. White has almost 35 years of experience in creating and implementing effective strategies for business growth, diversification, product development, sales expansion, and operational excellence for several leading insurance companies, including Pan American Life Insurance Company, The Guardian Life Insurance Company, and New York Life Insurance Company. He also serves as a member of the Board of Directors of The Insurance Federation of New York (IFNY), a membership organization that supports and promotes the insurance industry in the State of New York and beyond.
The ShelterPoint family of insurance companies consists of ShelterPoint Life Insurance Company and ShelterPoint Insurance Company. ShelterPoint Life was founded in 1972 as The First Rehabilitation Insurance Company of America (First Rehab Life) and is headquartered in Garden City, NY, as a NY-domiciled insurance company. Since its inception, ShelterPoint Life has grown into New York’s largest1 statutory disability and Paid Family Leave carrier. Through the years, ShelterPoint Life has added additional employee benefits to its product portfolio and currently insures more than 160,000 employers and over 1.6 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, 2016 – applies to statutory disability premiums under ShelterPoint Life Insurance Co. only.
The Life Insurance Council of New York, Inc. (LICONY) is the domestic trade association representing the life insurance industry in New York. Headquartered in Albany, NY, LICONY has 58 domestic insurance companies, 21 foreign insurance companies, and 20 allied professional members that provide the vast majority of annuities and life, disability and long term care insurance to New Yorkers. LICONY’s mission is to create and maintain a legislative, regulatory, and judicial environment in the State of New York that encourages the members of LICONY to conduct and grow their life insurance businesses.