About Us
At Prosperity Life Group, we’ve grown our business by designing innovative life insurance, asset accumulation and supplemental health products so that you and your family can let life flourish.
About Us
At Prosperity Life Group, we’ve grown our business on designing innovative insurance, annuities and supplemental protection products so that you and your family can let life flourish.
Our Purpose
From providing protection for your family to covering unexpected health costs and meeting your retirement goals, we’re grounded in giving you what you need to plan with confidence and protect what matters most.
Our financial strength is founded on helping you reach yours.
AM Best financial strength ratings (as of January 1, 2021). Go to www.ambest.com for latest information.
Our Story
We’re not just about getting bigger. We believe in growing smarter. It’s why we’ve expanded with our customers' needs in mind, by combining our expertise with that of like-minded organizations and rooting our company with the strength to flourish in today’s world.
Take a look at our timeline to see how we’ve grown to better serve our customers and partners.
1916
Shenandoah Life Insurance Company (“Shenandoah Life”) is founded, as a Virginia insurance company based in Roanoke, Virginia.
1939
The Savings Banks Life Insurance Fund (“SBLI Fund”) begins to conduct insurance business in the state of New York.
1999
The SBLI Fund converts into a mutual life insurance company domesticated in New York, under the new name SBLI USA Mutual Life Insurance Company of New York, Inc. (“SBLI USA”).
2000
S.USA Life Insurance Company (“S.USA”) becomes a wholly-owned subsidiary of SBLI USA Mutual Life Insurance Company, Inc.
2009
Prosperity Life Insurance Group, LLC is founded with the partnership of Black Diamond Capital Partners and Reservoir Capital Group, LLC.
2012
Prosperity Life Insurance Group, LLC grows through the sponsored demutualization and acquisition of Shenandoah Life.
2014
Prosperity Life Insurance Group, LLC grows further through the sponsored demutualization and acquisition of SBLI USA. Prosperity Life Insurance Group, LLC’s principal operating members are now Shenandoah Life, SBLI USA, and S.USA, collectively known as “Prosperity Life Group.”
2019
Elliott Management Corporation, acquires majority ownership of Prosperity Life Insurance Group, LLC.
2019
Nicholas von Moltke joins Prosperity Life Insurance Group, LLC, assuming the role of Chief Executive Officer.
Today
Through the three licensed insurance entities, Prosperity Life Insurance Group, LLC services more than 300,000 policies and continues to provide financial security to customers and their families through innovative protection, asset accumulation and supplemental health insurance products.
Our Member Companies
Together, our member companies have a strong foundation and heritage which date back over 100 years.
SBLI USA Life Insurance Company, Inc. – Headquartered in New York City, SBLI USA has been satisfying the life insurance needs for the New York market for over 75 years, including a long history of working with banks to develop and offer products that meet their customer’s financial objectives.
S.USA Life Insurance Company, Inc. – S.USA is an Arizona domestic insurer authorized to do business in 47 states and the District of Columbia. S.USA offers a wide variety of products through a diverse set of distribution channels.
Shenandoah Life Insurance Company – Founded over 100 years ago, Shenandoah Life’s emphasis on performance, initiative, customer focus and integrity drives its business decisions.
Our Leadership
We aren’t just industry experts. We work together to get things done efficiently. Our diverse perspectives ensure we execute unique solutions designed with a focus on our customer needs. We pride ourselves on providing the infrastructure, support and products you need to prepare for a secure and successful today—and tomorrow.
Management Team
Nicholas von Moltke
President & CEO
Zachary Jones
Chief Financial Officer
Deva Mishra
Chief Investment Officer
Scott Silverman
Managing Director, Prosperity Services Ltd. (Bermuda)
William Board
Vice President, Information Technology
Gregory Galdau
Vice President, Supplemental Accident & Health
Bob Hanebuth
Vice President,
Operations
Jack Heller
Senior Vice President, Marketing and Sales
Laura Kane
Head of Human Capital
Subodh Kesri
Senior Vice President, Corporate Development
James Kirrane
Senior Vice President, Marketing and Sales
Kathleen Kronau
Senior Vice President, General Counsel & Secretary
Michal Ryduchowski
Senior Vice President, Chief Actuary and Chief Risk Officer
Albert Sochor
Senior Vice President, Marketing and Sales
Board of Directors
Bruce Schnitzer
Chairman
Nicholas von Moltke
Director
Will Beshears
Director
Mark Cicirelli
Director
Anne Melissa Dowling
Director
Jose Montemayor
Director
John Struck
Director
Community Involvement
Prosperity Life Group is a company filled with collaborative, caring and thoughtful employees. We strive to help our customers create lives that are prosperous in more ways than one. And we’re committed to improving our communities through initiatives that help them thrive and grow.
Community Involvement
Prosperity Life Group is a company filled with collaborative, caring and thoughtful employees. We strive to help our customers create lives that are prosperous in more ways than one. And we’re committed to improving our communities through initiatives that help them thrive and grow.
Join our team.
Be more than just your work. Join us to learn, grow and reach your full potential in, and out of, the office.