New York Life Appoints Bill Cassidy as Chief Information Officer

NEW YORK–(BUSINESS WIRE) – New York Life, America’s largest1 and most admired2 mutual life insurer, announced today that Bill Cassidy, Senior Vice President, will assume the role of Chief Information Officer (CIO) effective March 31, 2021. Mr. Cassidy will oversee the Company’s Technology, designed to continue the Company’s strong commitment and investments in technology and to advance solutions that benefit New York Life’s customers, finance professionals and employees. He reports to Alex Cook, Senior Vice President and Head of Strategic Capabilities, succeeding Dave Castellani, Senior Vice President and Business Information Officer, who will retire later this month.

“Bill’s impressive track record as a technology leader positions him well to align our business and technology priorities and to further enhance our information technology skills and infrastructure, and to deliver innovative solutions to New York Life’s customers, finance professionals and employees,” said Cook. “We thank Dave for decades of excellent service to New York Life in driving the team’s transformation into a company-led technology organization and creating a strong foundation on which Bill and the team will continue to build.”

Prior to assuming the CIO position, Mr. Cassidy was Senior Vice President and Head of Shared Services Technology, which included overseeing enterprise computing services, enterprise architecture, corporate data, information security, digital and technology strategy planning. He joined New York Life in 2018 as CIO, Investment Technology, responsible for providing technology solutions for New York Life Investments.

Prior to joining New York Life, Mr. Cassidy served as Chief Information Officer for Och-Ziff Capital Management, a publicly traded alternative asset management firm where he was responsible for all global technologies, including the application development and integration business as well as global technical infrastructure. Prior to that, he held increasing responsibilities at BlackRock, Western Asset Management and Goldman Sachs.

Mr. Cassidy earned a bachelor’s degree in Computational Mathematics from Long Island University – Southampton Campus.

ABOUT NEW YORK LIFE

New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States * and one of the largest life insurers in the world. New York Life’s corporate family, headquartered in New York City, offers life insurance, retirement income, investment, and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any US life insurer by any of the four major rating agencies **.

New York Life Group Benefit Solutions products and services are sold exclusively by or through Life Insurance Company in North America or New York Life Group Insurance Company in NY, formerly known as Cigna Life Insurance Company in New York (New York, NY), or by or through affiliates or subsidiaries of Cigna Corporation. The Life Insurance Company of North America is not licensed in New York and has no insurance business in New York.

* Based on revenue reported by Fortune 500, Industries, Insurance: Life, Health (Mutual), Fortune Magazine, 05/18/2020. Methodological information can be found at http://fortune.com/fortune500/.

** Individual comments from an independent rating agency as of October 15, 2020: AM Best (A ++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA +).

Footnotes

1

Based on revenue reported by Fortune 500 in Industries, Insurance: Life, Health (Mutual), Fortune Magazine, 05/18/2020. Methodological information can be found at http://fortune.com/fortune500/.

2

As reported by Fortune 2021, the world’s most admired insurance (life and health) company, Fortune Magazine, 02/01/2021. Information on the methodology can be found at https://fortune.com/franchise-list-page/methodology-worlds-most-admired-companies-2021/.

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