DES MOINES, Iowa, Jan. 27, 2014 /PRNewswire/ -- Fidelity &
Guaranty Life ("FGL"; NYSE: FGL) announced today that Dennis R. Vigneau, the former Chief Financial
Officer and Senior Vice President of Kemper Corporation, has joined
the Company as Senior Vice President and will assume the position
of Chief Financial Officer, effective February 12, 2014. At that time, Wendy JB
Young, currently Senior Vice President, Chief Financial Officer,
will become Chief Risk Officer for the Company, assuming this role
from John O'Shaughnessy, who will
continue to serve in his capacity as Senior Vice President and
Chief Actuary.
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Lee Launer, President and Chief
Executive Officer of FGL, said: "We are pleased to welcome Dennis
to FGL. Dennis has extensive experience as a public-company
CFO in the insurance sector and will be a great asset as we embark
on the next phase of our growth and development as a public
company. I am also delighted that we will continue to benefit
from Wendy's talent and expertise as she assumes her new position
as Chief Risk Officer. Wendy played a critical role in the
success of our IPO in December and her combination of actuarial
science and financial accounting skills makes her uniquely
qualified to lead our risk office. In addition, as our Chief
Actuary, John will play a pivotal role as he leads the development
of new products in support of our sales goals."
Phillip J. Gass, Chairman of
FGL's Board of Directors, said: "These are great changes for our
company, which further reinforce our bench strength, boost our
public-company experience and underscore our commitment to
best-in-class risk management – all while maintaining the
continuity of our senior executive team. We are thrilled with
having Dennis aboard and believe that with these changes we are
ideally positioned to execute our business plan."
Dennis R. Vigneau, 47, served as
the Chief Financial Officer and Senior Vice President of Kemper
Corporation (formerly Unitrin Inc.) from November 2010 to March 15,
2013. Previously, he served as a senior
financial executive of American Life Insurance Company, formerly a
unit of AIG; as Senior Vice President and Chief Financial Officer
of the Retirement and Protection Segment of Genworth Financial and
Vice President, Financial Planning for Genworth Financial Holding.
He has substantial experience in financial reporting and
internal controls, capital and risk management, strategic planning
and mergers and acquisitions. Mr. Vigneau has a Bachelor of
Science degree in accounting from Southern New
Hampshire University.
About Fidelity & Guaranty Life
Fidelity & Guaranty Life is the parent company of Fidelity
& Guaranty Life Insurance Company. Originally incorporated in
1959, the direct insurance writer has a solid commitment to serving
the individuals it knows best – consumers seeking the safety,
protection, accumulation and income features of secure life
insurance and annuity products. Through its insurance subsidiaries,
Fidelity & Guaranty Life Insurance Company and Fidelity &
Guaranty Life Insurance Company of New
York, the company is a leading provider of fixed indexed
annuity and fixed indexed universal life products. Visit us
at: www.fglife.com
Forward Looking Statements
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act and Section 21E of
the Exchange Act. Forward-looking statements are subject to known
and unknown risks and uncertainties, many of which may be beyond
our control. We caution you that the forward-looking information
presented in this press release is not a guarantee of future
events, and that actual events may differ materially from those
made in or suggested by the forward-looking information contained
in this press release. In addition, forward-looking statements
generally can be identified by the use of forward-looking
terminology such as "may," "plan," "seek," "comfortable with,"
"will," "expect," "intend," "estimate," "anticipate," "believe" or
"continue" or the negative thereof or variations thereon or similar
terminology. A number of important factors could cause actual
events to differ materially from those contained in or implied by
the forward-looking statements, including those factors discussed
in our filings with the U.S. Securities & Exchange Commission's
(the "SEC"), including our Registration Statement on Form S-1, as
amended (File No. 333-190880), which can be found at the SEC's
website www.sec.gov. Any forward-looking information presented
herein is made only as of the date of this press release, and we do
not undertake any obligation to update or revise any
forward-looking information to reflect changes in assumptions, the
occurrence of unanticipated events, or otherwise.
Investor Contact:
Paul Tyler
Fidelity & Guaranty Life
paul.tyler@fglife.com
410-895-0131
914-356-2138
Media Contact:
Sard Verbinnen & Co
Jamie Tully or David Millar, 212-687-8080
SOURCE Fidelity & Guaranty Life