Urbana, MD, August 26, 2015 – Legal & General America (LGA) is pleased to announce the promotion of Andrew (Drew) D. Love to senior vice president and chief financial officer of Legal & General America.
Drew, who previously served in the role of vice president, Finance will take on broader responsibilities including strategic and executive direction on all financial, tax and capital management matters for Legal & General America and all consolidated subsidiaries. Drew will be a director on the boards of Banner Life Insurance Company and William Penn Life Insurance Company of New York.
Gene R. Gilbertson, President and CEO, said: “Drew Love is a highly qualified individual who not only possesses the technical and managerial leadership qualities necessary to succeed in the position of CFO but equally important has the character, integrity and ethical standards to meet the challenges this important role confronts.”
Drew Love said:
“I am excited about taking on the role of chief financial officer for Legal & General America. LGA is in great position to expand on its market-leading protection business and broaden Legal & General’s profile in the U.S. I look forward to working with Gene, the LGA Board of Directors and our Legal & General colleagues to further develop and capitalize on Legal & General’s opportunities in the U.S.”
Thomas W. Walsh, Chairman, Legal & General America Audit Committee, commented: “Drew has been part of the core team in developing our short and longer-term strategies, and addressing our capital and tax management planning. He has a strong working partnership with his UK counterparts and as we move ahead, I have the confidence in Drew to have an ever-growing role with our company.”
Andrew D. Love Biography
Drew is a CPA and a graduate of Loyola University in Maryland. He is an experienced financial executive with increasing financial managerial experience at Coopers & Lybrand (now PricewaterhouseCoopers) and Maryland Casualty Company (a member of the Zurich Financial Services Group). During his tenure with Legal & General America, Drew has overseen the execution of a diversified set of financing solutions that have raised in excess of $6 billion in capital, managed the implementation of new financial systems that have significantly reduced processing time for financial statements and cost review initiatives of vendor services that produced significant cost savings. Drew and his wife, Lisa, live in Ellicott City, Maryland with their daughter, Sierra.
For more information contact:
Pat Saether, Director, Communications
Legal & General America life insurance products are issued by Banner Life Insurance Company, Urbana, MD and William Penn Life Insurance Company of New York, Garden City, NY. Banner is licensed to do business in 49 states and the District of Columbia. William Penn does business exclusively in New York; Banner does not solicit business there.
About Legal & General America
For over 65 years, the Legal & General America companies have been in the business of providing financial protection through life insurance for American families. The Legal & General America companies are Banner Life Insurance Company and its subsidiary William Penn Life Insurance Company of New York. With more than $73 billion in new coverage issued in 2014, LGA ranked fifth in the U.S. and ended 2014 with in excess of $634 billion of coverage in force with nearly 1.2 million U.S. customers. LGA shares Legal & General's independent financial strength ratings: A+ Superior from A. M. Best and AA- Very Strong from Standard and Poor's and Fitch.