Midland National Announces New Vice President of Compliance/Regulatory Affairs
January 26, 2011 by Judy Thorpe
WEST DES MOINES, IA–(Marketwire – January 24, 2011) – Midland National Life Insurance Company announces the addition of Nick Gerhart as Vice President, Compliance/Regulatory Affairs. Nick will assist the sales and distribution teams and business units in compliance requirements and related issues. Additionally, he will build and sustain relationships with government and regulatory groups such as state insurance departments, the NAIC, and various insurance industry trade groups.
Nick has a strong background and vital experience for this newly created Vice President position. He started his career as an attorney in private practice representing corporations, health care providers and individual investors. He has spent the past few years managing and overseeing compliance, market conduct, and regulatory affairs issues for an Iowa based Life Insurance Company. Nick serves on the board of directors of the National Association for Fixed Annuities, he is active in the American Council of Life Insurers and worked with the Insurance Marketplace Standards Association to help set best practices for life insurance companies. Nick earned his BA from the University of Northern Iowa and his law degree and MHA from St. Louis University.
“Adding this position shows our ongoing commitment to insurance industry regulatory compliance and our goal to ensure that our products and services meet and exceed our customers’ needs and expectations,” commented Brent Mardis, VP, Chief Risk Officer and Chief Compliance Officer. “Nick brings a level of experience that will enhance our programs and help us maintain our position as one of the top insurance providers in the U.S.”
Midland National Life Insurance Company is a member company of Sammons Financial Group, a group of insurance and financial companies that are owned by Sammons Enterprises, Inc. and share resources and services for optimal efficiency and growth. Midland National is a leading provider of fixed and variable annuities and services more than 318,371 in force policies. With production, product development, management and operations based in West Des Moines, Iowa, Sammons Annuity Group, a division of Midland National, manufactures and distributes annuity and life insurance products through almost 15,000 independent agents in 49 states and the District of Columbia. For more information, contact Judy Thorpe at 515-327-5816, 4350 Westown Parkway, West Des Moines, IA 50266.