Fred Sievert, FSA, MAAA is the retired president of the New York Life Insurance company. Fred started his career as an actuarial student at John Hancock and prior to joining New York Life in 1991 he spent 11 years in various actuarial and executive roles at the Maccabees Mutual Life Insurance Company in Southfield, Michigan, where, as Senior V.P. and CFO, he initiated and implemented one of the earliest industry demutualizations.
He started his career with New York Life as Senior Vice President and Chief Financial Officer of the Individual Operations and, after a long series of promotions and increased responsibilities, was elected president of the company in 2002.
During his reign in overseeing the individual insurance businesses, New York Life first achieved a number one market share ranking in the sale of Life Insurance in the United States and repeated that distinction for seven years. While serving as president, the company also achieved a number one market share ranking in the sale of immediate annuities and in the direct sale of life insurance through the AARP organization. During that same period the company regained its triple-A ratings from all four of the top insurance company rating agencies and significantly expanded its international presence.
Fred has held numerous leadership positions in industry related associations and organizations. He is a past-chairman of the Life Insurance Council of New York (LICONY), The American College and the Actuarial Foundation. He also served as a director of The Life Insurance Marketing and Research Association International (LIMRA). He received the highest honor bestowed upon industry leaders by the American College (The Solomon Heubner Gold Medal Award) in 2008 and was also named a “Legend of the Industry” in 2012; a joint award bestowed by the American Council of Life Insurance and The Actuarial Foundation.
Following his retirement from New York Life in 2007, Fred attended Yale Divinity School and was awarded a master’s degree in religion in May of 2011. He teaches business school courses at Fairfield University and has been a guest lecturer for the business school at Wayne State University. He continues to serve as a Trustee on five non-profit boards and two insurance industry for-profit corporations (RGA and CNO).
In his spare time he has written a book that will be released in early 2014 entitled “God Revealed: Revisit Your Past to Enrich Your Future.” The book recounts Fred’s numerous encounters with God over the course of his lifetime.
In addition to remaining active throughout his career in industry activities, Fred has also regularly participated in civic and volunteer activities in his local community and church.
Fred earned a B.A. from Amherst College and an M.A. from Wayne State University.
He and his wife, Susan, have five grown children and 2 granddaughters.