National Life Group names Mehran Assadi as next CEO

first_imgMehran Assadi has been designated the next president and chief executive officer of National Life Group (NLGroup), the company’s Board of Directors announced on Tuesday.Assadi, currently president of NLGroup’s life and annuity division, will succeed Thomas H. MacLeay, who is retiring Dec. 31 as president and CEO. MacLeay will remain as Chairman of the Board.David Coates, the lead independent director on the board and chairman of the search committee, said Assadi has been instrumental in developing and executing a strategy of success for the life and annuity division.”Mehran is a proven leader,” said Coates. “He brings energy, enthusiasm and optimism to every assignment he is given. We believe Mehran is the best person to build on Tom’s tremendous record of accomplishment.”National Life Group, a Fortune 1000 company with combined 2007 revenues of $1.4 billion, serves the financial needs of more than 700,000 customers. NLGroup includes its flagship company, National Life Insurance Company, founded in Montpelier in 1848; Life Insurance Company of the Southwest in Dallas, Texas, and Sentinel Investments, Equity Services, Inc. and National Retirement Plan Advisors, all based in Montpelier.Assadi, 50, joined NLGroup in 2003 and was named president of the life and annuity division two years later. He oversees the life and annuity profit centers, which include sales and distribution as well as product development, new business, marketing, underwriting and customer service.”Mehran understands what makes National Life special: our history, our heritage, our mutual structure, our focus on the individual and our unwavering commitment to deliver on the promises we make,” said MacLeay. “Mehran also appreciates what we need to do to remain strong and competitive in tomorrow’s marketplace.”Assadi said that being named chief executive officer is an honor. “National Life is more than a company,” he said. “It is a jewel.””I feel privileged to be asked to lead National Life Group, especially as we mark the 160th anniversary of the founding of National Life Insurance Company,” he said.Assadi will only be the 16th person to serve as chief executive in the 160 years since National Life Insurance Co. was chartered. MacLeay has served as president for 11 years and as CEO and chairman for six years.Prior to joining National Life Group, Assadi served as executive vice president, chief marketing officer and chief information officer at Provident Mutual in Newark, Delaware. Previously he served for 16 years in various senior positions with United States Fidelity and Guaranty of Baltimore.A graduate of Towson University, Assadi has a Master’s in Management Information Systems from the University of Baltimore.Assadi and his wife Janet have three sons, Anthony, Jordan, and Ryan.last_img read more

Beach Soccer Nations Cup: LOC Boss Tips Nigeria to Win Cup

first_img“The friendly match the Sand Eagles played against Switzerland at the Copa Lagos, has helped tuned up the character of the team and had improved them technical, these were very obvious in the team’s matches played so far in the competition. Despite losing 3-1 on penalties to Cote d’Ivoire, after playing a 4-4 draw at the end of regulation, the Supersand Eagles are still favourites to win the title and grab the slot to play at the Bahamas 2017 FIFA Beach Soccer World Cup.”The LOC boss expressed delight, on the commendation of CAF officials on the excellent facilities provided for the competition by the Lagos State government. “It feels good to hear CAF thumbs-up the facilities at the Eko Atlantic City. The excellent organisation of the tournament has been possible by the smooth synergy between the NFF and the Lagos State government. This is the fruit of the partnership between the NFF and Lagos over the years. Before now, the leadership of the NFF and the Lagos State team had a teething problem, but we have been able to resolve that. We are very proud of what we have done so far, we shall continue to improve until after the final match on Sunday.”Today is a match free day at the CAF Beach Soccer Cup of Nations. The LOC has concluded plans to take the players and officials on a bus tour and boat cruise across Lagos. Matches will resume tomorrow with semi-final matches and other classification games. Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The Local Organising Committee (LOC) Chairman for the CAF Beach Soccer Cup of Nations Cup, Lagos 2016, Seyi Akinwunmi, has assured Nigerians that the Supersand Eagles would at the end of the competition put smiles on their faces by winning the tournament and also picking the ticket to the 2017 World Cup.The final of the tournament has been scheduled for Sunday, December 18, 2016 at the Eko Atlantic City.Akinwunmi, who is also the 1st vice-president of the Nigeria Football Federation, stated that, the Sand Eagles team is fully prepared to face the stiff challenges from the top contenders battling for the FIFA World Cup at the Lagos 2016 Beach Nations Cup. He urged Nigerians to come out in full to support the Supersand Eagles to victory.last_img read more