The Principal Financial Group has announced an agreement to acquire California-based First Dental Health.
Upon closing, expected in October 2012, First Dental Health will become a member of the Principal Financial Group.
First Dental Health, an independent dental preferred provider organization, includes more than 11,000 credentialed dentists with locations in California, Arizona and Nevada.
The Principal serves more than 27,000 employers across all states, plus the District of Columbia. Principal dental products offer covered employees and their dependents flexible, comprehensive plan designs that focus on preventive care.
Closing of the transaction is subject to regulatory and other approvals.
In other industry news:
The Penn Mutual Life Insurance Company has hired Michael Pendergrass as sales manager of Premier Advisors Group, Penn Mutual’s career agency in Tulsa, Okla., in their new Oklahoma City location.
Before joining Penn Mutual, Pendergrass was vice president of field management with a global financial services company. He holds his FINRA series 7, 24 and 66 licenses, and is a registered representative of and offers securities and investment advisory services through Hornor, Townsend, & Kent, Inc. He has been a member of the National Association of Insurance and Financial Advisors since 2005.
Pendergrass earned his bachelor’s degree in business administration and finance from Oklahoma State University.
Security Mutual Life, New York, has promoted Kevin McKeown to the position of senior vice president, chief financial officer. McKeown is responsible for the company’s internal accounting and controls, and is also extensively involved in all aspects of company and subsidiary planning and reporting as well as regulatory financial reporting.
McKeown has been with Security Mutual for 29 years and had been serving the company as vice president and controller for the past seven years. He joined Security in 1983 as an associate auditor and was promoted to director of accounting in 1986. He is a graduate of Utica College of Syracuse University where he earned a bachelor’s degree in accounting.
Victor Wong, ASA, MAAA joined Dallas-based Lockton Dunning Benefits’ health and welfare benefits practice’s actuarial consulting group as vice president and actuary.
With more than nine years of actuarial experience, Wong has specialized in health benefits for the last five. Before Lockton, he served as a senior associate and lead actuary with Mercer where he developed strategic plan designs for health and welfare plans, recommended pricing alternatives and reviewed cost projections and claims analyses for large self-funded health plans. He holds a bachelor’s in mathematics from The University of Texas at Austin and is an associate member of the Society of Actuaries and a member of the American Academy of Actuaries.
Daniel J. Mastrototaro, vice president of business development at The Hanover Insurance Group, has joined InVEST’s national board.
Mastrototaro is actively involved in community enhancement programs, holding board positions on the MetroWest Big Brothers Big Sisters and the Worcester State University Foundation board of directors. He has also served in various capacities with Habitat for Humanity, United Way, Junior Achievement of Central Massachusetts and the Christie McAuliffe Charter School in Framingham, Mass.
During his career at The Hanover, Mastrototaro has played instrumental roles in corporate finance, product development, information technology, operations, sales and marketing. Mastrototaro holds a bachelor’s degree in mathematics from Assumption College in Worcester, Mass.
Timothy F. Keaney, vice chairman of BNY Mellon and CEO of BNY Mellon Asset Servicing, has been elected to serve as a director of Unum Group.
Keaney is a member of BNY Mellon’s executive committee, which oversees day-to-day operations for that organization. Prior to the merger of The Bank of New York Company, Inc., and Mellon Financial Corporation, Keaney was head of The Bank of New York’s asset servicing business and head of the company’s presence in Europe, with management responsibilities for all business activities in the region. He joined The Bank of New York in 2000 as a managing director responsible for depositary receipts.
Allianz Life Insurance Company of North America, Minneapolis, Minn., has awarded $30,000 in scholarships to 10 local students for post-secondary educational costs through its Legacy Scholarship Program. A majority of the scholarships were given to family members of Allianz Life employees living in the Twin Cities and who will be starting college this fall.
The 2012 awardees are:
- Allison Templeton – graduate of North Cobb Christian School, Woodstock, Ga. and attending Clemson University;
- Yueyilin Qi – graduate of Mounds View High School, Arden Hills, Minn. and attending the University of California Berkeley;
- Alexandra “Allie” Thalhuber – graduate of Park High School, Cottage Grove, Minn. and attending the University of Minnesota;
- Jill Haram – graduate of Bloomington Kennedy High School, Bloomington, Minn. and attending Viterbo University;
- Edward “Ned” Nelson – graduate of Benilde – St Margaret’s, St. Louis Park, Minn. and attending Creighton University;
- William “Billy” Lutz – of St Paul, Minn., currently a junior attending Iowa State University;
- Paige Hadrits – graduate of North St. Paul High School, St. Paul, Minn. and attending the University of Minnesota;
- Madeline Lee – graduate of Hill-Murray High School, Maplewood, Minn. and attending St. Olaf College;
- Kaycee Loop – graduate of St Michael – Albertville High School, St. Michael, Minn. and attending Bemidji State University; and
- Chase Holley – graduate of Rockford High School, Rockford, Minn. and attending Winona State University.
The 10 $3,000 scholarships were awarded based on academic performance and community service. The Allianz Legacy Scholarship Program was created to honor Rosie Wineland, an Allianz Life employee who passed away in 1990 after battling cancer.