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Andrew J. McMahon Joins Guardian as Head of Strategy and Customer Development

NEW YORK, Nov. 29, 2017 /PRNewswire/ -- The Guardian Life Insurance Company of America® (Guardian) today announced that Andrew J. McMahon will join the company as Executive Vice President of Strategy and Customer Development. This newly created role strengthens Guardian's commitment to a wholistic customer-focused approach across all its business lines.

McMahon will be responsible for developing enterprise strategy, corporate development and advancing digital customer experience. He will be a member of the company's Executive Leadership Team and report to Deanna Mulligan, Guardian's President and Chief Executive Officer.

"Our customers expect and deserve an outstanding experience as we deliver on our commitment to serve their financial needs," said Ms. Mulligan. "I am confident Andrew will build on the great work already being done at Guardian, and create new opportunities that benefit all of our customers."

McMahon is an insurance industry veteran, formerly President and board member of AXA US. Prior to his AXA tenure, he was a partner at McKinsey. McMahon began his career at General Electric and worked in a variety of functions across several operating businesses. During the past four years, he has invested, launched and advised several InsureTech companies, including recently having been granted a patent for an approach using AI for financial risk assessment and insurance underwriting.

"Guardian is a company I have admired for years, especially the way it has been led with unparalleled integrity while delivering exceptional results to customers, advisors and employees." said McMahon. "Currently, there are incredible opportunities for innovation in the industry. I'm excited about working with Deanna and the leadership team to set the course and lead transformative initiatives for the company."

McMahon has most recently served on the board of directors of Phoenix Life Insurance Companies (PNX:US) before and after the sale to NassauRe. He has also served on the boards of AXA US, Alliance Bernstein (AB:US), and the American Council of Life Insurers (ACLI). He is an executive advisor to Gryphon Investors and a member of the board of trustees for Fairfield University. He received his MBA from Columbia University and BS in computer science from Fairfield University.

About Guardian

The Guardian Life Insurance Company of America® (Guardian) is one of the largest mutual life insurers, with $7.4 billion in capital and $1.5 billion in operating income (before taxes and dividends to policyholders) in 2016. Founded in 1860, the company has paid dividends to policyholders every year since 1868. Its offerings range from life insurance, disability income insurance, annuities, and investments to dental and vision insurance and employee benefits. The company has approximately 9,000 employees and a network of over 2,750 financial representatives in 58 agencies nationwide. For more information about Guardian, please visit our website, www.GuardianLife.com or follow Guardian on Facebook, LinkedIn, Twitter and YouTube.

Financial information concerning The Guardian Life Insurance Company of America® as of December 31, 2016 on a statutory basis: Admitted Assets = $51.9 Billion; Liabilities = $45.7 Billion (including $39.4 Billion of Reserves); and Surplus = $6.2 Billion.

For Media Inquiries:
Ana Sandoval
The Guardian Life Insurance Company of America
(212) 919-8551
Ana_Sandoval@glic.com

2017-50466 (exp. 11/19)

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SOURCE The Guardian Life Insurance Company of America