Insurance industry veteran adds expertise to leading carrier in the statutory benefits market
Garden City, April 11, 2023 – Leston Welsh joined ShelterPoint Life Insurance Company (ShelterPoint) as President on Monday, April 10.
Mr. Welsh brings a wealth of leadership experience from some of the most respected companies in our industry – Sun Life, Unum, Prudential, New York Life, and most recently, Teachers Insurance and Annuity Association of America (TIAA), where he was Senior Managing Director & Product General Manager for Individual Retirement Solutions. He is originally from Jamaica, having moved to New York City after high school where he graduated from Baruch College with a BA in Mathematics. Leston Welsh started his career in the actuarial program at Price Waterhouse Coopers and then moved to New York Life, where he became a Fellow of the Society of Actuaries and Member of the American Academy of Actuaries. He is also a Qualified Actuary and a FINRA Registered Principal (Series 6, 7, 24, 26). While Mr. Welsh has extensive actuarial experience and qualifications, he has spent the last several years leading major product and business units for some of the companies mentioned above.
Mr. Welsh is an addition to the existing executive management team led by CEO Richard White, who has been with the company since 2009.
Mr. White expressed his excitement about adding this new talent to the executive leadership team, “The addition of Leston reflects the success that all of us have built together here at ShelterPoint. We have seen very healthy growth and are making investments back into the company to continue to our growth and to support the increasing complexities of our business as we expand into additional states. We have invested substantially in the last few years in training, systems, processes, and information. We have also added – and continue to add – more people to address our increased volume of activity and to bring additional expertise to the company. Leston is our latest addition to building on the outstanding talent that we have here at ShelterPoint.”
The ShelterPoint family of companies consists of its founding entity ShelterPoint Life Insurance Company (principal office in Garden City, NY) and its wholly-owned subsidiary ShelterPoint Insurance Company (a FL-domiciled carrier), depending on the state. The ShelterPoint family of companies operates under the “ShelterPoint” name strictly as a marketing name, and no legal significance is expressed or implied.
ShelterPoint specializes in statutory benefit programs in the Paid Family Leave/Disability space in a growing number of states. Since 1972, ShelterPoint’s founding entity has grown into New York’s largest1 carrier of statutory Short-Term Disability Insurance (called DBL, short for Disability Benefits Law), and has provided state-mandated Paid Family Leave2 (PFL, for short) since it became required in 2018. As a result, in NY alone, more than 184,000 employers with 1.9 million employees3 trust ShelterPoint to help them strike the right balance between compliance, coverage, and cost to complete their benefit equation. For more information about ShelterPoint, please visit www.shelterpoint.com.
1 State of New York Workers’ Compensation Board, form DB-680, 2016 – applies to ShelterPoint Life Insurance Company only.
2 Applies to ShelterPoint Life Insurance Company only.
3 Based upon ShelterPoint Life Insurance Company policyholder and certificate holder count as of 02/26/20 – applies to ShelterPoint Life Insurance Company only.
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