American General Names John Deremo as EVP and Chief Distribution Officer [Manufacturing Close – Up]

American General Life Companies has named John Deremo Executive Vice President and Chief Distribution Officer.

Deremo joins American General from Protective Life Corp., where he served as Senior Vice President and Chief Distribution Officer.

"John is a highly respected life and annuity distribution executive with more than 30 years of distribution management experience," said Mary Jane Fortin, President and Chief Executive Officer of American General. "This appointment, along with a number of other strategic investments we're making, demonstrates our commitment to the U.S. life business. I am confident that John's strong background and experience working with multiple distribution channels - including brokerage general agencies, national insurance marketing organizations, financial institutions and independent broker dealers - will place us firmly on the path for continued growth and success."

According to a release, most recently at Protective Life Corp., Deremo held overall responsibility for the sales, marketing and distribution functions for both Protective Life Insurance Company and West Coast Life Insurance Company. During his 20 years at Protective Life, he built a strong track record of success by strategically growing their presence in the life and annuity marketplace. Before joining Protective Life, John co-founded Spectra Financial Inc., leading the national marketing and sales areas. He began his career with Pacific Mutual in 1979.

American General Life Companies is the marketing name for a group of affiliated domestic life insurers including AGL and USL.

More information:

www.americangeneral.com

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