WILMINGTON, Del.--(BUSINESS WIRE)--Delphi Financial Group, Inc. (“Delphi”), an insurance holding company whose subsidiaries are focused on retirement services, employee benefits and specialty property-casualty coverages, announced today that it has hired Jeffrey Lebovitz as Executive Vice President and Chief Financial Officer where he will oversee the financial operations of Delphi and be responsible for strategy and corporate development.
Mr. Lebovitz, 46, has over 20 years of experience with major investment firms and global investment banks. Jeff joins from Pretium Partners, LLC, a leading alternative investment manager, where he served as a Managing Director in Strategic Development. Prior to Pretium, he served as a senior investment banker at Credit Suisse advising a wide variety of insurance companies on corporate and strategic matters, including mergers and acquisitions and capital offerings.
Donald A. Sherman, President and Chief Executive Officer, said, “Jeff has a breadth of experience and is a tremendous addition to Delphi’s management team, bringing in-depth knowledge of the insurance and asset management industries as well as the capital markets. Jeff joins us at a particularly opportune moment, as Delphi’s balance sheet and capital position are at the strongest point in the company’s history. I look forward to working in partnership with Stephan Kiratsous and Jeff to help Delphi grow and expand its businesses.”
Stephan Kiratsous, Executive Vice President and Chief Operating Officer, said, “Jeff’s deep experience in corporate finance and capital markets make him an ideal addition to the executive leadership team. His background and expertise will be invaluable as we identify and execute on opportunities in both the asset and liability side of our business while simultaneously evaluate and capitalize on strategic growth initiatives.”
“I’ve followed Delphi for many years and I’m excited to be joining such a talented and accomplished management team,” said Mr. Lebovitz. “Since its inception, Delphi has been at the forefront of pairing insurance liabilities with strategic investment management and capital optimization. I look forward to working with Don and Stephan to build upon Delphi’s success and explore new avenues for growth.”
Delphi is a core subsidiary of Tokio Marine & Nichido Fire Insurance Co., Ltd. (“TMNF”), which in turn is wholly-owned by Tokio Marine. Headquartered in Tokyo, Tokio Marine is one of the world’s largest and longest standing global insurance groups and writes a broad array of property-casualty insurance, life insurance and financial services coverages. Its stock is publicly traded on the Tokyo Stock Exchange.
