TIAA-CREF has named Dave Anderson as president and CEO of TIAA-CREF Life Insurance Company, effective Sept. 17.
Anderson joined TIAA-CREF in 2010 as 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. 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 MBA in general management from Northwestern University's Kellogg Graduate School of Management.
In other industry news:
Eileen C. McDonnell, president and CEO of The Penn Mutual Life Insurance Company, has been appointed vice chair of the Insurance Federation of Pennsylvania, Inc.
Upon her fulfillment of the one-year term commitment as vice chair, McDonnell will be promoted to chair of the Insurance Federation of Pennsylvania, Inc. in 2013. The organization currently has approximately 200 members and is the Commonwealth's leading trade association for commercial insurers of all types.
With more than 25 years of experience in the financial services industry, McDonnell serves in several prominent industry leadership positions, including the board of directors of LL Global, Inc., and as a member of the Financial Services subcommittee of the American Council of Life Insurers.
Ebix, Inc., Atlanta, has signed an agreement to purchase two new buildings in India to support its offshore development and BPO resources. The company, which supplies on-demand software and E-commerce services to the insurance industry, already owns three buildings in Noida, India.
This decision will allow Ebix to double its staff capacity, from the more than 1,100 it has now, in India over the next few years.
All software development work undertaken in these two new buildings is likely to be 100% tax-exempt until the year 2017/2018, under the Software Export Zone Act of the Government of India, after which the company is likely to be entitled to a 50% tax-free status in India until 2022/2023.
