Sammons Financial Group Announces New Business Line
June 8, 2011 by N/A
WEST DES MOINES, IA–(Marketwire – Jun 6, 2011) – Sammons Financial Group (SFG) announces the appointment of Bill Lowe as President of its new business line, Sammons® Retirement Solutions. The new business will distribute retirement-oriented products such as mutual funds and variable annuities through broker dealers and their financial advisors. With the individual retirement market growing rapidly, particularly the IRA rollover segment, SFG believes the new business will complement its existing life insurance and fixed annuity businesses. “The retirement marketplace is large and we expect increasing demand for retirement products in the coming years,” stated Esfand Dinshaw, CEO of SFG. “The new line does not conflict with our existing successful businesses and expands our products and distribution reach.”
Mr. Lowe comes to SFG with almost 25 years of experience, most recently with ING where he held various leadership positions including President of ING Individual Retirement Distribution, CEO of U.S. Annuities, President of ING Wealth Management Wholesale Distribution, President of Corporate and Individual Markets, and President of the ING Financial Horizons business. Prior to that, he spent approximately eight years with Lincoln Benefit Life Company.
“Sammons Retirement Solutions is poised to grow to a strong position in the competitive world of individual retirement,” stated Bill Lowe. “I am excited to lead this innovative business and look forward to contributing to an already successful enterprise.”
The operations of Sammons Retirement Solutions will be based in West Des Moines, Iowa.
Sammons Financial Group (SFG) is an insurance holding company whose member companies offer a diverse portfolio of financial services, including life insurance, annuities, and securities. SFG’s member companies include North American Company for Life and Health Insurance, Sammons Securities Company®, LLC, and Midland National Life Insurance Company, including its divisions, Sammons Annuity Group and Sammons Corporate Markets Group. The parent company, Sammons Enterprises, Inc., is a multi-faceted, global holding corporation that owns and operates businesses across a diverse range of industries. Headquartered in Dallas, Texas, with assets approaching $45 billion, Sammons Enterprises, Inc. ranks as one of the largest privately held companies in the United States.*
For more information, contact Judy Thorpe at 515-327-5816, 4350 Westown Parkway, West Des Moines, IA 50266.
*Ranked No. 138 on Forbes’ 2010 List of America’s Largest Private Companies. The list includes 223 closely held corporations that had at least $2 billion in annual revenues.
