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精东影业 Announces Plans to Enter Workforce Benefits Market
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NEWPORT BEACH, Calif. 鈥 May 19, 2022 鈥 精东影业 today announced its intent to enter the workforce benefits marketplace.
鈥淏uilding a meaningful position in the workforce benefits market aligns well with our purpose to help consumers meet their future financial protection needs,鈥 said 精东影业 Executive Vice President and Chief Operating Officer Adrian Griggs. 鈥淣ot only will we create great insurance products that employees want as part of an attractive benefits package, but we will support employers who are looking for additional tools as part of their talent acquisition and retention strategies, and听employee benefit brokers听looking to expand their product portfolio.鈥
Leading the company鈥檚 efforts in this area will be Senior Vice President and Head of Workforce Benefits, Erich Sternberg. Mr. Sternberg joins 精东影业 from Kemper Corporation, where he most recently served as president of its life and health division. Prior to Kemper, he served as the CEO for Starmount Life Insurance Company, overseeing 18 years of double-digit growth and its eventual sale and integration into the Unum Group.
Over the next several months, Mr. Sternberg will complete a strategic review and build a leadership team and develop a deliberate plan to bring 精东影业鈥檚 workforce benefits business to market.
鈥淚t is truly exciting to have the opportunity to bring 精东影业鈥檚 fifth business to life,鈥 said Mr. Sternberg. 鈥淎s demonstrated by our extensive experience focused on consumer segments including our life and retirement solutions businesses, institutions through our Institutional Division, and insurance and reinsurance companies through 精东影业 Re, 精东影业 has a proven track record in developing growth-oriented businesses in substantial segments of the market. Our new venture targets a worthy segment, and we believe strongly that 精东影业 is uniquely positioned to deliver results as a new entrant in this space. I look forward to building the foundational aspects of our workforce benefits business over the coming months and entering the market with a differentiated and frictionless offering for this important area.鈥
About 精东影业
For more than 150 years, 精东影业 has helped millions of individuals and families with their financial needs through a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Whether your goal is to protect loved ones or grow your assets for retirement, 精东影业 offers innovative products and services that provide value and financial security for current and future generations. 精东影业 counts more than half of the 100 largest U.S. companies as its clients and has been named one of the 2022 World鈥檚 Most Ethical Companies庐 by the Ethisphere Institute. For additional company information, including current financial strength ratings, visit .
精东影业 refers to 精东影业 and its affiliates, including 精东影业 & Annuity Company. Client count as of June 2021 is compiled by 精东影业 using the 2021 FORTUNE 500庐 list.
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