SIOUX FALLS, S.D., May 15, 2017 (GLOBE NEWSWIRE) -- Former Midland National® Life Insurance Company President and Chief Executive Officer William A. Rigsbee passed away on May 1, 2017. Rigsbee joined Midland National in 1961, retiring in 1992 after serving 31 years at the company.
“Bill left an indelible mark on our organization by leading us on a course of unparalleled growth, stability and financial strength,” said Esfand Dinshaw, Chairman and CEO of Sammons Financial Group, parent company of Midland National. “Under his leadership, the Regional Sales Director (RSD) program was established, a system that helped us build our field force, and enabled us to obtain national prominence in the insurance marketplace,” added Dinshaw.
Under his leadership, the company increased life insurance policies in force from $275 million to $50 billion; increased assets from $29 million to $4.1 billion; and achieved a compound annual growth rate of 15% while maintaining superior industry ratings and a high quality investment portfolio*.
ABOUT MIDLAND NATIONAL
Founded as Dakota Mutual Life Insurance Company in 1906, Midland National® Life Insurance Company has protected families and preserved legacies for generations. Midland also offers a wide variety of traditional fixed and fixed index annuities and consistently ranks among the top fixed index annuity carriers in the U.S.
AnnuitySpecs, Quarterly Indexed Sales & Market Report). For more information, please visit www.midlandnational.com.
Sammons® Financial Group is comprised of Midland National® Life Insurance Company, Sammons Annuity GroupSM (a division of Midland National), Sammons® Corporate Markets Group (a division of Midland National), North American Company for Life and Health Insurance®, Sammons Retirement Solutions® Inc. and Sammons Financial Network® LLC, member FINRA.
*Midland National internal information, 1961.
Contact: John Myers Associate Vice President Corporate Communications Phone: (312) 648-7776 Fax: (312) 648-7770 www.sammonsfinancialgroup.com
Source:Midland National Life Insurance Company