SILAC Announces Kevin Mechtley as Incoming President

Bolsters SILAC’s robust distribution model, enhancing market presence through all channels and agency relationships

CARMEL, Ind.--(BUSINESS WIRE)--SILAC Insurance Company (“SILAC”), a leading provider of fixed and fixed indexed annuity products in the U.S., today announced the hiring of Kevin Mechtley as incoming President, effective May 4, 2026. Mr. Mechtley will report to G. Daniel Acker, SILAC’s current President and Chief Marketing Officer and incoming Chief Executive Officer.

As President, Mr. Mechtley will oversee product development, marketing and distribution for SILAC. He will expand SILAC’s market presence through all channels and agency relationships, with a focus on responsible growth.

“Kevin will play an instrumental role in advancing our capabilities as a leading annuity provider,” said Mr. Acker. “I’m confident his extensive experience and deep relationships in the annuity marketplace will serve as a strong asset to SILAC as we continue to grow and evolve our model.”

Mr. Mechtley brings over two decades of experience in the fixed annuity industry, including roles guiding product development and distribution. He joins SILAC from Sammons Financial Group, where he spent nine years, most recently as Vice President, Business Development and Chief Growth Officer. At Sammons, he led business development for the independent channel, serving as executive relationship manager and sponsor for key external partners and partnering directly with sales leaders to deepen and expand Sammons’ distributor relationships. Prior to Sammons, he practiced as an attorney focused on indexed annuities, including roles supporting Athene and Aviva.

“SILAC has built a strong foundation in the annuity marketplace,” said Mr. Mechtley. “I’m excited to join at a key point in the company’s growth, with significant opportunities ahead to further scale our product, marketing and distribution capabilities.”

Mr. Mechtley’s hiring comes as SILAC enters its next chapter of growth. In December 2025, SILAC signed a definitive agreement to be acquired by Hildene Capital Management, an $18+ billion credit-focused asset manager. This will provide SILAC with additional financial resources, ensuring the company is well-positioned amid strong sector tailwinds and has additional resources to drive innovation to help consumers reach their retirement goals. The transaction is expected to close in mid-2026, subject to customary closing conditions, including the receipt of required regulatory approvals.

About SILAC
SILAC was founded in 1935. Its operations are conducted primarily in Salt Lake City, Utah, with executive offices in Carmel, Indiana, and a satellite office in Overland Park, Kansas. Since 2018, SILAC has offered fixed indexed annuity products and has quickly grown to a leading provider of fixed annuities in the independent marketing channel. SILAC is licensed in 48 states and the District of Columbia. For more information visit www.silacins.com.