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Heather Nagengast (Photo: Penn Mutual)

Life Health > Running Your Business > Selling

Heather Nagengast to Lead Penn Mutual Career Agency System

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What You Need to Know

  • Nagengast moved to Penn Mutual from Ameritas.
  • Brown & Brown has an absence services market development VP.
  • MetLife has a new regional president in Asia.

The Penn Mutual Life Insurance Co. has hired Heather Nagengast to be head of its career agency system.

Previously, she was president of Ameritas Investment Co./Ameritas Advisory Services, the broker-dealer and registered investment advisor arm of Ameritas.

She has also been director of institutional sales at Senior Market Sales.

She has a bachelor’s degree from the University of Nebraska at Omaha.

Brown & Brown

The Brown & Brown Absence Services Group has hired Kimberly Mashburn to be vice president of market development.

Brown & Brown is a Daytona Beach, Florida-based insurance broker.

The absence services group provides claims management services and other services for disability insurance and absence management programs.

Mashburn was previously the national absence practice leader at Sun Life.

She has also worked in sales, consulting and other roles at Unum, Clarity Benefits Consulting, Prudential Financial, Pacific Resources, Spring Consulting Group and The Hartford.

She has a bachelor’s degree in nursing from the University of Tennessee, Knoxville.

She serves on the boards of the Disability Management Employer Coalition and of the Integrated Benefits Institute.


Venerable — a West Chester, Pennsylvania-based company that takes over and manages life insurers’ unwanted blocks of annuity business — has announced two changes involving people who have been associated with Voya.

Venerable acquired a closed block variable annuity business for Voya in 2018, and it is also administering a large block of Voya fixed and non-variable indexed annuities.

The company has promoted:

  • Jonathan Summers to senior vice president, head of hedging strategy, from head of financial planning and analysis for the Voya closed block variable annuity business.
  • John Grove to vice president, head of hedge reporting, from senior actuary and head of valuation at the Voya closed-block variable annuity business.

Venerable has also announced promotions of two other employees, who originally came over from Voya but who have had Venerable titles for the past few years:

Dao Jiang to vice president, head of valuation, from assistant vice president and senior actuary manager.

Allison Proud to vice president, communications, from assistant vice president, communications.


MetLife says Lyndon Oliver will succeed Kishore Ponnavolu as its regional president for Asia.

Ponnavolu is returning to the United States.

Oliver has been MetLife’s treasurer and head of strategy. He has also lived and worked in Hong Kong. At one point, he was chief financial officer for the AIG Life Cos. in Japan and Korea.

In other MetLife personnel moves news:

John Hall will take over from Oliver as MetLife’s executive vice president and treasurer. He has been a senior vice president and global head of investor relations.

Dimitri Lorenzon will become head of strategy for MetLife and chief financial officer for the company’s global technology and operations organization. He has been senior vice president and head of strategy, product and marketing for MetLife Japan.

Brian Sciortino will become senior vice president of operations at MetLife’s Versant Health managed vision care subsidiary. He was vice president of operations in the global technology and operations organization at the parent company.

Pictured: Heather Nagengast (Photo: Penn Mutual)


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