Penn Mutual bolsters management group

The Penn Mutual Life Insurance coverage Firm has introduced the enlargement of its enterprise management group with key appointments in operations, distribution, and 1847Financial, the corporate’s nationwide group for affiliated monetary professionals.

Stephen Kennedy (pictured above, left) has joined Penn Mutual as chief working officer. Kennedy will oversee Penn Mutual operations, together with service and underwriting, to reinforce companies for monetary professionals and policyholders.

He comes from Thrivent, the place he was COO and led initiatives to enhance shopper and monetary skilled satisfaction. Kennedy has over three many years of expertise within the monetary sector, together with senior roles at Allianz and AIG American Common.

“It’s clear that Penn Mutual has a robust customer support orientation, rooted in core values of performing with integrity, constructing relationships and delivering on guarantees. These values will information our groups in our continued give attention to reaching operational excellence,” Kennedy mentioned.

Jennifer Dorfmeister (pictured above, middle), in the meantime, has been promoted to chief distribution officer. She is going to proceed to guide the Independence Monetary Community and can now oversee the entire advertising and distribution of Penn Mutual life insurance coverage and annuity merchandise to impartial monetary professionals.

Dorfmeister has over 20 years of expertise within the life insurance coverage business and has been with Penn Mutual for the previous eight years. Her efforts have strengthened strategic distribution relationships and expanded the nationwide superior gross sales assist group, the corporate claimed.

Lastly, Heather Nagengast (pictured above, proper) has been promoted to the enterprise management group as president of 1847Financial. 1847Financial gives affiliated monetary professionals a variety of options and companies in life insurance coverage and wealth administration, together with assets in enterprise and gross sales growth, apply administration, and advertising.

Nagengast’s tasks now embody the alignment of Hornor, Townsend & Kent (HTK) inside 1847Financial. She joined Penn Mutual in 2022 and has since helped remodel the affiliated distribution mannequin.

Dave O’Malley, chairman, president, and chief govt officer of Penn Mutual, welcomed the brand new appointments.

“With top-notch management throughout our enterprise, we’re well-positioned for continued success in delivering the services and products to finest assist our monetary professionals and policyholders,” O’Malley mentioned.

What are your ideas on this story? Please be happy to share your feedback under.