New York Life?s George Nichols Named One of Corporate America?s Most Influential Blacks by Savoy Magazine

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    March 14, 2012 13:34 UTC

    New York Life?s George Nichols Named One of Corporate America?s Most
    Influential Blacks by Savoy Magazine

    NEW YORK–(BUSINESS WIRE)–
    New York Life announced today that George Nichols III has been named one
    of the Top 100 Most Influential Blacks in Corporate America by Savoy magazine.
    Mr. Nichols, senior vice president in charge of New York Life?s Office
    of Governmental Affairs, is responsible for federal and state government
    relations and the company?s Political Action Committee, the largest in
    the insurance industry.

    According to Savoy magazine?s recent announcement, Mr. Nichols
    was named as one of its 100 Most Influential Blacks in Corporate America
    based upon his exemplary record of accomplishments and achievements in
    various spheres of influence, his community outreach, and efforts to
    help improve the community and inspire others. He is the senior
    executive mentor of New York Life?s African-American employee resource
    group.

    Ted Mathas, chairman and CEO of New York Life, said, ?We applaud George
    for this important recognition. He is a natural leader and excels in his
    career because of his ability to navigate the ever-changing legislative
    and regulatory landscape in the most diplomatic way. Even further, his
    commitment to his family and his support of volunteer efforts and
    community programs, especially those that focus on youth and mentoring,
    make him very deserving of this honor.?

    Mr. Nichols is a member of the company?s Executive Management Committee,
    which is comprised of New York Life?s senior executive leadership and
    assists the chief executive officer in setting policy for the company.

    Mr. Nichols joined New York Life as a senior vice president and
    assistant to the chairman in 2001. From 2001 to 2003, Mr. Nichols was
    senior vice president in the Agency Department, where he was responsible
    for overseeing the distribution of New York Life products. In 2003, Mr.
    Nichols was appointed senior vice president and profit center head for
    New York Life?s AARP Tampa Operations, the largest direct marketer of
    life insurance in the United States. He was named to his current role in
    2006.

    Prior to joining New York Life, Mr. Nichols was the commissioner of the
    Kentucky Department of Insurance, where he was responsible for
    regulating Kentucky?s $10 billion insurance industry. Before that, he
    was the executive director of the Kentucky Health Policy Board; vice
    president of marketing for Athena of North America; executive director
    of product development of Southeastern Group, Inc. (dba Blue Cross and
    Blue Shield of Kentucky); chief executive officer of Central State
    Hospital in Louisville; and executive assistant to the commissioner of
    the Kentucky Department for Mental Health/Mental Retardation Services.

    Mr. Nichols was Kentucky?s first African-American insurance commissioner
    (1995), the first African-American president of the National Association
    of Insurance Commissioners (NAIC) (1999), and the first African-American
    elected to New York Life?s Executive Management Committee.

    Mr. Nichols received an M.A. degree from the University of Louisville, a
    B.A. degree from Western Kentucky University, and an A.A. degree from
    Alice Lloyd College. Mr. Nichols served as president of the NAIC and
    chairman of the International Relations Committee from 1999 to 2000. In
    1996, he served as special advisor to Kentucky?s Governor, advising on
    health care policy and economic development for the financial services
    industry. He resides in Potomac, Maryland, with his wife, Cynthia Jean,
    and their three children.

    About Savoy

    Savoy is a cultural catalyst for the African-American community?a
    magazine that showcases and drives positive dialogue on and about black
    culture. With its unique mix of stunning photography from major events,
    in-depth reporting, and social commentary, Savoy accelerates
    ideas and images to center stage. Each issue, Savoy is an
    unrivaled media event that reaches the progressive, modern and
    sophisticated African-American consumer who demands the best in news
    coverage and that their voice is heard. For more information about Savoy
    magazine, visit www.savoynetwork.com.

    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 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
    Web site 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 5, 2011. See www.money.cnn.com/magazines/fortune
    for methodology.

    **Source: Individual Third Party Ratings Report as of 1/25/12.

    ***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.

    Contacts

    New York Life
    Lacey Siegel, 212-576-7937
    Lacey_S_Siegel@NewYorkLife.com
    or
    Sloane
    & Company
    Sara Sefcovic, 212-446-1886
    ssefcovic@sloanepr.com

    Source: New York Life