New York Life, a mutual life insurer, announced that its Mexican subsidiary, Seguros Monterrey New York Life (SMNYL), a life insurer in Mexico, celebrated the official opening of the New York Life Tower, a 32-story tower on the Paseo de la Reforma Avenue in Mexico City's central zone.
Attending the opening ceremony in Mexico City were Mexico's Minister of Finance and Public Credit, Jose Antonio Meade, New York Life's Chairman and CEO Ted Mathas, President and CEO of Seguros Monterrey New York Life Mario Vela, Executive Vice President and Head of New York Life's Insurance Group Chris Blunt, as well as other top New York Life and SMNYL executives.
"Seguros Monterrey New York Life is an outstanding operation and an important part of our corporate strategy," said Mathas during the opening ceremony. "New York Life is enormously proud of what Seguros Monterrey has accomplished in more than 70 years of serving the people of Mexico. The state-of-the-art New York Life Tower stands proudly as a symbol of our commitment to Mexico and the strong partnership between our two countries. In fact, New York Life has worked closely with the Hispanic community in the U.S. for almost 40 years and today, more than 1,500 New York Life agents, the majority of whom are of Mexican American descent, currently serve this critical market, one of the most rapidly growing segments of the U.S. population."
The New York Life Tower, sheathed in reflective glass, is a 500- feet-tall, 32-story building and one of the tallest buildings in Mexico. Approximately 2,500 employees and agents, or about 36 percent of Seguros Monterrey New York Life's workforce, will work across 15 stories of the new tower.
The tower's design was inspired by the El Angel de la Independencia ("The Angel of Independence") monument, built to commemorate the centennial of the beginning of Mexico's War of Independence, celebrated in 1810. El Angel, which is directly in front of the tower, is one of the most recognizable landmarks in Mexico City.
The tower, which utilizes the abundant natural light of the setting to create a bright and open working environment, has achieved LEED (Leadership in Energy and Environmental Design) certification.
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