OneAmerica today announced the appointment of new executives to lead key lines of business for the Indianapolis-based financial services company. Dennis Martin was named president of Individual Life and Financial Services (ILFS) and Sandy McCarthy was appointed president of Retirement Services. Martin has served in the acting ILFS role since January of this year, while McCarthy is new to the OneAmerica team.
“As OneAmerica continues significant growth, it’s essential to find leaders who align with our vision and values and possess the business acumen to continue to drive performance within our lines of business,” said Scott Davison, OneAmerica chairman, president and CEO. “I’m confident in both Dennis and Sandy to maintain our growth trajectories, inspire their teams and lead our business lines to the next level of performance and scale.
“Dennis’ extensive industry knowledge and strategic insights, combined with his rich history with OneAmerica, will ensure the continued growth of our individual life insurance, annuity and asset-based long-term-care products,” added Davison. “And I’m confident Sandy’s deep experience, alongside her impressive accomplishments in leading large retirement businesses, will allow us to compete at an even higher level as we continue to grow and expand our services.”
Martin joined OneAmerica in 2009 and has previously served as senior vice president of Product and Business Development for ILFS, overseeing insurance operations and product development for life, annuity and asset-based long-term care, as well as broker-dealer operations. He also provided leadership and vision for the current and future product portfolio and worked to identify opportunities for expansion.
Earlier in his career, he gained actuarial and marketing experience at Great-West Life in Canada and spent eight years with the Western & Southern Financial Group and Columbus Life, building out their product development capabilities. In addition to his actuarial and product knowledge, Martin has significant experience working directly with sales and distribution across multiple channels.
A graduate of the University of Manitoba, with honors, earning a Bachelor of Science degree in statistics and actuarial science, Martin is a Fellow in the Society of Actuaries and Canadian Institute of Actuaries, and a member of the American Academy of Actuaries. He also serves on the board of directors for School on Wheels in Indianapolis.
“It’s a dynamic and challenging time in our business; however, OneAmerica’s long-standing values of serving customers and delivering on our promises remain at the forefront as we accelerate our growth,” said Martin. “I’m honored to work with industry-leading expertise and a strong team with a proven track record.”
McCarthy comes to OneAmerica with an extensive resume and will transition from a consulting role with her own firm. Previously she spent seven years in leadership roles as a senior partner at Mercer. Most recently, she served as North America Region Benefits Administration Business Leader, representing $71 billion in assets under administration and 4 million participants, following positions in global client management and Asia Pacific Outsourcing Business Leader/CEO while living in Australia, where she led a workforce of 1,400.
Before joining Mercer, McCarthy was a 14-year contributor at ING (now Voya) and its legacy companies, serving as president, Institutional Plan Services. Prior to the acquisition of CitiStreet by ING in 2008, she served as president and board member of CitiStreet, LLC, representing $265 billion in assets under administration, over 11 million participants and a workforce of about 3,600. Her past leadership positions also include service with Fidelity Investments, Bank of America and State Street.
McCarthy graduated from Tufts University, with honors, earning both her undergraduate degree in sociology/education and Master of Arts degree in education, then completing an MBA from the Fuqua School of Business at Duke University. She served on the board of directors of the American Benefits Council, Employee Benefits Research Institute, Spark Institute and Boys and Girls Club of Middlesex County in Massachusetts. She was also a founding member of the Superannuation Industry Leadership Group in Australia. She currently serves on the board of trustees for the Children’s Center for Communication Beverly School for the Deaf as well as a mentor for the Entrepreneurship for All (EforAll) program.
“OneAmerica is extremely well positioned to provide relevant and innovative solutions to its plan sponsors and participants, and I look forward to joining the OneAmerica team,” said McCarthy. “I am impressed with the quality of the people, as well as the organization’s focus and commitment to customers, and am delighted to lead our efforts to drive successful outcomes within the retirement industry.”
A national leader in the insurance and financial services marketplace for more than 140 years, the companies of OneAmerica help customers build and protect their financial futures. OneAmerica offers a variety of products and services to serve the financial needs of their policyholders and customers. These products include retirement plan products and recordkeeping services, individual life insurance, annuities, asset-based long-term care solutions and employee benefit plan products. Products are issued and underwritten by the companies of OneAmerica and distributed through a nationwide network of employees, agents, brokers and other sources who are committed to providing value to our customers. To learn more about our products, services and the companies of OneAmerica, visit oneamerica.com/about-us/companies-of-oneamerica.
Lou Ann Baker, Public Relations Director