SPRINGFIELD, Mass., May 28, 2014 /PRNewswire/ -- Massachusetts Mutual Life Insurance Company (MassMutual) today announced that David Acselrod has been named Vice President, Underwriting Operations.
In his new role, Mr. Acselrod is responsible for the development of MassMutual's overall underwriting operations strategy, which includes oversight of the day-to-day operations of the company's Life and Disability Income Underwriting and New Business departments, the implementation of continuous underwriting process improvement practices and ensuring that all risk selection practices are in compliance with regulatory requirements. Based in the company's Springfield, Mass., headquarters, he reports to Roger Putnam, Senior Vice President and Chief Operating Officer of MassMutual's U.S. insurance business.
"We are excited about David joining our leadership team due to his strategic vision and commitment to growing our business while maintaining a keen focus on our policyholders," said Mr. Putnam. "His experience across a number of disciplines within the life and individual disability insurance businesses will further strengthen our underwriting operations."
Prior to joining MassMutual, for the past 16 years Mr. Acselrod held a variety of positions with the U.S. and international businesses of MetLife Inc., most recently as Vice President, Small Market Leader, Group Insurance, where he was charged with setting the strategy for this segment. He has also held executive positions with the former Chase Manhattan Bank (now JPMorgan Chase & Co.), management and technology consulting firm Booz Allen Hamilton and The Travelers Companies, where he began his career in 1988.
Mr. Acselrod graduated cum laude from Bucknell University with a Bachelor of Arts in economics, with a concentration in economics. He subsequently earned his Master of Business Administration from Columbia University.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders consistently since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.