Guardian Life Insurance Announces New Leaders

The Guardian Life Insurance Company of America has announced that its board of directors has elected Andrew McMahon, head of the company’s largest business, as president.

McMahon’s appointment is part of Guardian’s regular succession-planning process and will take effect January 01. He will report to CEO Deanna Mulligan.

McMahon joined Guardian in 2017. He moves from his current role as executive vice president of individual markets, enterprise strategy and customer development. In that role, he oversaw Guardian’s life insurance, disability, annuities and wealth management products and services. He was also responsible for enterprise strategy, corporate development, GIS Strategic Ventures, mergers and acquisitions, and the company’s digital consumer experience, including Guardian Direct.

McMahon is a former executive with AXA, General Electric and McKinsey. He has also launched and strategically advised several insurtech companies.

“Andrew is a dynamic leader and a valued partner,” Mulligan said. “His deep knowledge of the industry will be essential as we continue to optimize our company for a changing environment. In his new role, Andrew will support me in driving the One Guardian strategy and work closely with our other leaders to enhance performance and accelerate growth.”

“I’m excited to take on my new role at a pivotal time in our company and our history,” McMahon said. “In an increasingly challenging business environment, it is imperative that we build on our strong foundation and further differentiate ourselves in the marketplace. We have the key ingredients for competitive advantage: high value products and services, a trusted brand, and strong leadership. I look forward to working with Deanna and thank her and the board of directors for this opportunity.”

Guardian also announced the following executive changes, effective January 01:

• Michael Ferik will move from his role as chief financial officer to lead the individual markets business
• Kevin Molloy will step into the CFO role. Molloy currently serves as senior vice president and CFO for the individual markets business.

“We’re very fortunate to have a deep bench of talented executives at Guardian,” Mulligan said. “I want to sincerely thank and congratulate those leaders who are stepping up to the challenge and taking on new leadership roles.”