New York Life has picked Matt Wion to run its retail annuity business.
Wion has been the chief financial officer for a unit that handles many different types of products, including institutional life insurance and institutional annuities. He will succeed Todd Taylor, who previously held that post and is now head of New York Life's life insurance solutions business.
Wion said he is honored to play a role in shaping the future for the company's agents and advisors as well as the customers.
"Retirement income solutions are not just about financial security," Wion said. "They empower individuals to achieve the retirement they've worked hard to create."
What it means: A major annuity issuer is putting someone with a focus on maintaining sound annuity finances in charge of its retail annuity business.
New York Life: New York Life is a policyholder-owned mutual insurer with $409 billion in assets.
It generated $19 billion in U.S. individual annuity sales in 2023 and ranked fourth altogether, according to data from LIMRA.
