Penn Mutual Life Insurance Company has named Eileen McDonnell president.
McDonnell, who now will lead day-to-day operations at Penn Mutual, Horsham, Pa., also has been elected to the company’s board. She previously was executive vice president of Penn Mutual.
McDonnell also has been president of the New England Financial unit of MetLife Inc., New York (NYSE:MET), and a senior vice president at Guardian Life Insurance Company of America, New York.
McDonnell has a bachelor’s degree in mathematics and computer science from Molloy College and a master’s degree in finance and investments from Adelphia University.
McDonnell is a member of the board of LL Global Inc., Windsor, Conn., the parent of LIMRA International, Windsor, Conn., and LOMA, Atlanta. She also has served on the board of the Insurance Marketplace Standards Association, Bethesda, Md.
Penn Mutual also has promoted David O’Malley to executive vice president and chief financial officer, from executive vice president with oversight over product management, technology, producer and client services. O’Malley now will be responsible for financial operations. O’Malley has a bachelor’s degree in finance and economics from Drexel University in Philadelphia.
In other personnel news: