HORSHAM, Pa., March 5, 2013 /PRNewswire/ -- The Penn Mutual Life Insurance Company, a more than 166-year-old company, is pleased to announce that its Board of Trustees has approved the appointment of Susan T. Deakins to Senior Vice President, Chief Financial Officer, a member of Penn Mutual's Executive Team. Deakins previously served as the company's Chief Actuary.
"Throughout Sue's more than 30-year career with Penn Mutual, her leadership and breadth of responsibilities across the actuarial discipline have greatly benefited our company and our policyholders," said Eileen C. McDonnell, President and Chief Executive Officer. "Sue has committed herself to continuously learning and growing in each of her roles, and as Chief Financial Officer, she is poised to ensure that Penn Mutual's long-standing legacy of financial strength and stability continues."
In her position as Chief Financial Officer, Deakins will have responsibility for all financial management at Penn Mutual, including capital management, expense management, financial planning and projections, financial reporting, rating agency relationships, risk management and tax planning.
Deakins started her career in Penn Mutual's actuarial development program. Prior to being named Chief Financial Officer, she was Vice President and Chief Actuary. Her predecessor, David M. O'Malley, has been appointed Penn Mutual's Chief Operating Officer.
Deakins earned her degree from the Wharton School at the University of Pennsylvania. She currently resides in Easttown Township, PA.
About The Penn Mutual Life Insurance Company
Since its founding in 1847, Penn Mutual has been driven by our noble purpose to create a world of possibilities. At the heart of this purpose is the belief that purchasing life insurance is the most protective, responsible and rewarding action a person can take, and is central to a sound financial plan. The company is committed to helping families unlock life's possibilities through life insurance and annuity solutions. This is accomplished through a national network of financial professionals, who help clients make great things possible. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc. Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. Visit Penn Mutual on the Internet at http://www.pennmutual.com.
©2013 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044
SOURCE The Penn Mutual Life Insurance Company