NEW YORK--(BUSINESS WIRE)--New York Life, America’s largest mutual life insurer, announced today that Douglas A. Wheeler has been elected a senior vice president in its Office of Governmental Affairs. He continues to report to Senior Vice President in charge of the Office of Governmental Affairs, George Nichols III.
Mr. Wheeler joined New York Life in 2011 and is responsible for overseeing all state government relations activities for New York Life.
“We are fortunate to have Doug leading our state efforts. He has demonstrated strong leadership in moving forward a number of key issues and has become a trusted advisor to me on all state regulatory and legislative issues. His skills are a valuable resource and asset for our business and our policyholders,” said Mr. Nichols.
Prior to joining New York Life, Mr. Wheeler was the Director of the Division of Insurance at the New Jersey Department of Banking and Insurance. The Division serves as chief regulator of the New Jersey life, health and property-casualty insurance markets, issuing licenses to insurance companies and producers, reviewing insurance products and rates for compliance with existing regulations, and monitoring the financial solvency of companies in the marketplace. As Director, his responsibilities included passage and implementation of the interstate compact legislation. In addition, he was vice president, general counsel and corporate secretary at National Atlantic Holdings Corporation and the Proformance Insurance Company. Mr. Wheeler began his career as an attorney in several New Jersey law firms and served as staff counsel at the New Jersey Senate.
Mr. Wheeler earned a Bachelor of Arts cum laude in political science and history at the University of Rochester, and a JD at Seton Hall University School of Law. He resides in Metuchen, N.J., with his wife, Margo, and their two children.
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).** Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.
*Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/16/14. For methodology, please see http://fortune.com/fortune500/.
**Individual independent rating agency commentary as of 3/26/15.
***New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.
