NEW YORK, Aug. 27, 2012 – TIAA-CREF, a leading financial services provider, today announced the appointment of Dave Anderson as president and CEO of TIAA-CREF Life Insurance Company (TIAA-CREF Life), effective September 17.
“Dave’s nearly 30 years of experience in financial services, including various leadership roles in the insurance sector, makes him the right leader to build on TIAA-CREF Life’s momentum and take this important business to the next level of success,” said Roger W. Ferguson Jr., president and chief executive officer of TIAA-CREF. “Under Dave’s leadership, we will continue to provide the life insurance and annuity products our customers need to help ensure their lifelong financial well-being.”
Anderson joined TIAA-CREF in 2010 as the organization’s senior managing director of enterprise performance and integration, and for the past several months he also has served as interim head of human resources. Prior to joining the organization, he held a variety of positions with Thrivent Financial, a Fortune 500 financial services company with nearly 2.5 million members. Among his responsibilities during a 27-year career there, Anderson led front-office operations for insurance and investments and supported service and sales for the company’s field force.
Anderson received his bachelor’s degree in business administration from Concordia College and his M.B.A. in general management from Northwestern University’s Kellogg Graduate School of Management.
TIAA-CREF Life provides quality, affordable life insurance products to the educational, medical, cultural and research communities, as well as the general public. It recently earned Insure.com’s “People’s Choice Award” for being one of the top three companies in the life insurance category for customer satisfaction.
About TIAA-CREF Life Insurance Company
TIAA-CREF Life Insurance Company is a wholly owned subsidiary of Teachers Insurance and Annuity Association (TIAA), part of the TIAA-CREF group of companies. For its stability, claims-paying ability and overall financial strength, TIAA and TIAA-CREF Life hold the highest ratings currently awarded from all four leading independent insurance industry ratings agencies to insurance groups in the United States.1
TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $481 billion in assets under management (as of 6/30/12) and is the leading provider of retirement services in the academic, research, medical and cultural fields.
1 TIAA-CREF Life holds these ratings as a result of its relationship with TIAA: A.M. Best (A++ as of 4/12), Fitch (AAA as of 6/12), Moody's Investors Service (Aaa as of 12/11) and Standard & Poor's (AA+ as of 5/12). Per S&P criteria, the downgrade of US long-term government debt limits the highest rating of U.S. insurers to AA+ (the second highest rating available). There is no guarantee that current ratings will be maintained. Ratings represent a company’s ability to meet policyholders’ obligations and claims and do not apply to variable annuities, mutual funds or any other product or service not fully backed by TIAA-CREF Life’s claims-paying ability.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributes securities products. TIAA-CREF Life Insurance Company, 730 Third Avenue, New York, NY 10017