Transamerica reaches multistate life claim settlement

Sievert took his B.A. from Amherst College and M.A. from Wayne State University.  Following his retirement from New York Life in 2007, he attended Yale Divinity School, earning a Master’s of Arts in Religion in 2011.

John Boneparth joined Conning Holdings Corp.’s board of directors as an independent director.

Boneparth is currently managing partner at Corinthian Cove Consulting and previously served as managing director and head of Global Institutional Management for Putnam Investments, where he presided over $160 billion in sales over a 14-year period.

Boneparth’s prior experience includes senior managing director and Head of Global Institutional Management for Putnam Investments in Boston. Additionally, he served as chairman of the board of PanAgora Asset Management and was a board member of Nissay Asset Management in Japan, Ampega Investment in Germany, and Sceptre Investment Counsel in Canada. He has a B.S in economics from the Wharton School and an M.S. from the University of Pennsylvania.

SBLI of Massachusetts launched six whole life products and eight riders.

The products — continuous pay, single premium, 10-, 15-, and 20-payment, and paid-up at age 65—feature robust guaranteed cash values as well as high current cash values in the first 15 years of coverage. Each product will participate in SBLI’s dividends, and the company’s best rate class is available for policies with face values as low as $100,000. Those qualifying for SBLI’s standard rate class can get policies with face amounts as low as $25,000.

An accelerated death benefit rider is included at no premium charge with every SBLI whole life product. Other riders can be purchased, including waiver of premium, children’s level term, single-pay paid–up additions, accidental death benefit, flex-pay paid-up additions, guaranteed level term, and guaranteed purchase option.

Hammond Hanlon Camp LLC (H2C), an advisory and investment banking firm focused on the healthcare sector, added James M. Molloy as principal in the New York office, M. Craig Kornett as managing director in the New York office and Benjamin M. Klemz as director in the Chicago office.  Each of the three senior executives joins H2C from Barclays Capital. 

The three will provide advice and execution related to strategy, mergers, acquisitions, divestitures and capital markets to the firm’s expanding client roster of health care service organizations, ancillary service providers and related organizations.

For 25 years, Molloy has assisted many of the nation’s leading health care organizations in the realization of their strategic vision. Prior to joining H2C, Molloy was co-head of the health care group at Barclays Capital and also at Lehman Brothers, where he built the team starting in 2006. He has held senior positions at consulting firms, rating agencies and investment banks, with significant experience in strategic advisory, capital structure and strategic planning. He has executed billions of dollars of capital markets transactions on behalf of clients, including recent transactions for Baylor College of Medicine, HealthFirst, Ochsner Health System, OhioHealth, Temple University Health System, and Tufts Medical Center. Molloy received his B.S. in engineering from The University of Michigan, Ann Arbor. 

Kornett’s health care career spans 25 years as an investment banker, strategic advisor, rating agency group head, management consultant and strategic planning director at two healthcare systems.  As an investment banker for the past decade at Barclays Capital, Lehman Brothers and UBS, Kornett worked on several billion-dollar financings for large national and regional health systems, as well as for single-site, community hospitals. Prior to investment banking, he spent seven years as a senior credit analyst at Fitch Ratings, with the last three as sector head in charge of hospital ratings where he managed a portfolio of more than 200 systems and hospital credit ratings. Kornett has also worked as a strategic planning director for North Shore Health System in New York and The Brooklyn Hospital Center in Brooklyn, N.Y., and five years as a management consultant at Coopers & Lybrand and Ernst & Young. He received his B.A. from Lynchburg College of Virginia and his MBA in finance from Fordham University.   

Klemz was formerly a director in the health care group at Barclays Capital, where he focused on large healthcare systems.  At Barclays, his expertise was debt and derivative transactions, along with M&A and strategic advisory.  Earlier in his career, Klemz held positions of increasing responsibility related to health care transactions at UBS Investment Bank in Chicago and Ziegler Capital Markets Group.  He began his career at Bank One Corporation in Milwaukee. He graduated from the University of Wisconsin at Whitewater and earned his MBA from the University of Chicago.

The Penn Mutual Life Insurance Company sponsored a Bike Build for Charity event to benefit pre-school students from the Morristown Neighborhood House in July at the Hamilton Park Conference Center in Florham Park, N.J.

Field leaders from Penn Mutual’s Career Agency System worked in teams to successfully build and donate seven bikes for a group of children from the Morristown Neighborhood House, an organization working to help new immigrants and families facing economic challenges become self-sufficient.

Formed in 1898, the Morristown Neighborhood House now services on average more than 1,500 children and adults each day, and the bike build event was Penn Mutual’s first volunteering experience with the organization.