Dave J. Walsh President Of Amalgamated Life To Keynote S.I.F.M. Bermuda Conference

Yonkers, NY - September 9th 2009 - David J. Walsh, President of Amalgamated Life (A rated A.M. Best) will keynote the Annual Meeting of the Society of Insurance Financial Management during its Bermuda Conference to be held September 14 – 16 at the Southampton Princess Hotel. The Society of Insurance Financial Management founded in 1959, consists of Chief Financial Officers and other Financial Management leaders in the insurance and financial services business. The group’s purpose is educational in nature; SIFM consists of more than one hundred members from leading national companies.

Mr. Walsh’s topic will be an overview of insurance regulatory developments, the financial accountability climate, and aspect of recent developments in insurance law effecting carriers.

David J. Walsh became president and chief executive officer of Amalgamated Life Insurance Company and CEO of Alico Services Corporation in January, 2008. Since taking the reins, Mr. Walsh has reorganized the company, enhanced the leadership team, implemented a strategic plan of action and led the Company’s move to its new state-of-the-art headquarters in White Plains, NY. Prior to joining Amalgamated Life, Mr. Walsh served as Executive Vice President and member of the Office of the President for SBLI USA Mutual Life Insurance Co., Inc. and its family of companies. His professional background also includes senior vice president and general counsel for Swiss Re America and superintendent and corporate counsel for Swiss Re Life and general counsel of the Domestic Brokerage Group of AIG and director of insurance for the State of Alaska.

Mr. Walsh served as president of the National Association of Insurance Commissioners (NAIC) and was the Co-Founder and First Chairman of the International Association of Insurance Commissioners. Currently, Mr. Walsh serves on the advisory board of the Greater New York Council of the Boy Scouts of America and the Insurance Federation of New York, Inc.

Mr. Walsh earned his Juris Doctor degree from the University of Wisconsin, a master’s degree in business administration from Alaska Pacific University and a bachelor’s degree in psychology from Loras College.

About Amalgamated Life
Amalgamated Life Insurance Company, based in White Plains, NY, was founded in 1943 to protect the financial well-being of working men and women.  The Company has received an “A” (Excellent) rating from A.M. Best Company for 34 consecutive years.

Amalgamated Life and its affiliates have over $800 million in annual premium, premium equivalencies and fee-for-service.  The Company’s affiliates include: a property and casualty insurance brokerage, a third-party administration company, a medical management company, a computer outsourcing company and a printing and graphics company.

For more information about Amalgamated Life Insurance Company, contact kspalding@amalgamatedlife.com.

About SIFM
The Society of Insurance Financial Management (SIFM), known until 1994 as the Society of Insurance Accountants, has been providing service to the insurance industry and its people since 1959. The Society provides a timely forum for discussing current insurance industry issues relating to financial accounting and reporting, reinsurance, taxation, regulatory developments and other relevant topics.

For additional information please contact:

Cynthia Skandis
SIFM
P.O. Box 9001
Mt. Vernon, NY 10552
TEL:  (914) 966 3180
FAX:  (914) 966 3264
E-MAIL:  <em>cynthia@cinn.com