Jackson Hires Government Relations Executive

An annuity issuer prepares for more policymaker action

(Photo: Thinkstock) (Photo: Thinkstock)

A majority annuity issuer, Jackson National Life Insurance Company, is investing in its ability to communicate with federal, state and local policymakers.

The Lansing, Michigan-based insurer has hired Richard White to be senior vice president of government relations.

White, who previously ran the financial services practice at Thorn Run Partners, a Washington-based lobbying firm, will report to Chad Myers, Jackson's chief financial officer.

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Jackson is a division of Prudential P.L.C., which is based in London, and White will also report to Barry Stowe, the chief executive officer of Prudential's North American Business Unit.

The U.K. Prudential has no corporate connection with Newark, New Jersey-based Prudential Financial Inc.

Like the U.S. Prudential, and other U.S. annuity issuers, Jackson has been having to deal with uncertainty over state, U.S. Department of Labor and U.S. Securities and Exchange Commission efforts to impose new requirements on marketers of annuities and other financial services products.

Stowe said in a statement that Jackson hired White partly because he has already been helping Jackson manage relationships with the people who represent Colorado, Michigan and Tennessee in Congress.

"Rich has done a tremendous job advising our leadership team on key issues and regulatory developments, and he will play a significant role continuing these efforts from inside the walls of our organization," Stowe said.

White has a bachelor's degree from Franklin & Marshall College and a law degree from Catholic University.

He worked in the White House under President George H.W. Bush, and he worked on the staff of the late Sen. John Chafee of Rhode Island.

White has also managed state and federal political campaigns and started his own lobbying firms.

In 2009, Politico identified White's Alpine Group as one of the busiest environmental and energy lobbying firms in Washington. Clients that year included For, BP America and Duke Energy.

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