TOPEKA, Kan.--(BUSINESS WIRE)--SE2, a leading third-party administrator for the North American life insurance and annuity industry, announced today that James A. Mallon (Jim) has joined the company’s board of directors. Jim Mallon will serve as an independent director.
Mr. Mallon is an insurance industry leader with more than 40 years of experience in the industry and expertise in trailblazing new solutions for customers. He currently serves as president of LiveAmerica, a consumer-focused distribution company that provides new living benefit life insurance and retirement solutions to small business owners.
“We are pleased that Jim has joined the SE2 board of directors,” said Gautam Thakkar, CEO, SE2. “His track record and expertise in creating innovative life insurance products will be of great benefit to SE2 as we continue to innovate and help our clients bring new products to market.”
Prior to his tenure as CEO at LiveAmerica, Mr. Mallon served as president of American International Group’s global life insurance business. Prior to that Mr. Mallon was the CEO of American General Life companies, including American General Life and Accident Insurance Company from 2004 to 2011. Jim also oversaw the development of Quality of Life Insurance, one of the first living benefit life insurance products in America. As CEO, he also drove a strategy that generated impressive growth during a period of negative growth for the overall industry. Mr. Mallon has also served as the president and COO of National Life Insurance Company, a member of the National Life Board of Directors, the chairman of Life of the Southwest (a National Life Group subsidiary) and CMO of The Hartford.
Mr. Mallon graduated with a Bachelor of Arts from Amherst College, attended Harvard University, and attended the Executive MBA program at the Whittemore School of Business at the University of New Hampshire. He has earned Series 7 and Series 24 NASD designations. In 2012, he was the second-ever recipient of the prestigious “GAMA Outstanding Leadership Award.” Mr. Mallon is a distinguished visiting lecturer at the University of Alabama’s CulverHouse College of Business, and has served on the board of numerous charitable organizations.
SE2, an Eldridge Industries portfolio company, is a leading technology and third-party administration company focused on the North American life and annuity insurance industry. SE2 has an unmatched track record in optimizing back-office operations to future-proof insurance companies. SE2 combines peerless industry domain knowledge with a leading-edge administration technology platform to help clients launch products rapidly, improve efficiencies, shift to a variable cost model and maximize profits while dramatically improving the customers’ experience. SE2 supports more than 20 direct clients, represents more than 35 carriers in North America and services more than 1,000 life and annuity products. SE2 has approximately $100 billion in assets under administration and has been recognized as an industry-leading innovator. Visit SE2 at www.SE2.com or at LinkedIn to learn more.
About Eldridge Industries
Eldridge Industries (“Eldridge”) is a private investment firm specializing in providing both debt and equity capital. Eldridge invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses. In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. www.eldridge.com