Security Mutual Life Insurance Company of New York Names Beth Beshaw to Board of Directors
BINGHAMTON, N.Y., April 9, 2025 – Security Mutual Life Insurance Company of New York announced that multi-disciplined, senior financial executive Beth Beshaw, Executive Vice President and Senior Director of Community Banking at M&T Bank (NYSE: MTB), has joined its Board of Directors.
Ms. Beshaw brings over 30 years of experience in commercial banking, lending, finance, risk management, governance, data analytics, and management to her role.
“We are pleased to welcome Beth to the Board of Directors. Her strong financial services and banking experience, combined with her collaborative approach to business, make her a valuable addition to our Company,” said Bruce W. Boyea, Chair of the Board, Security Mutual Life Insurance Company of New York.
“Beth is an accomplished banking executive, and I look forward to the opportunity to work with Beth as she joins our Board of Directors,” said Kirk R. Gravely, President and Chief Executive Officer of Security Mutual Life Insurance Company of New York. “She brings a unique skill set to Security Mutual Life that will help support the growth of our business.”
“I am excited to be joining the board of Security Mutual Life Insurance Company of New York,” said Beth Beshaw. “I look forward to working with the Board of Directors and executive management team to support the Company as it works to achieve its strategic goals and continue its mission.”
At M&T Bank, Ms. Beshaw is responsible for an enterprise-wide department with oversight of 27 Community Banking Regions. She applies data-driven metrics to inform decisions and drive strategic planning, process design and implementation, regional growth, client retention, and brand awareness initiatives.
Ms. Beshaw earned her MBA with a concentration in finance from the University of Rochester and her B.A. from Connecticut College. She has been recognized as one of Albany Business Review’s “Women Who Mean Business.”
About Security Mutual Life Insurance Company of New York
Founded in 1886, Security Mutual Life –– The Company That Cares® –– is one of the leading mutual life insurance companies in the United States. Security Mutual Life is licensed in all 50 states, as well as the District of Columbia and the U.S. Virgin Islands. The Company is recognized by leading life insurance analysts for its sound investment policies and performance. A.M. Best rates Security Mutual Life’s Financial Condition and Operating Performance Rating: A- (Excellent.) *
* A.M. Best assigns their “A-” (Excellent) rating to companies, which have, on balance, excellent financial strength, operating performance, and market profile when compared to the standards they have established. A.M. Best feels these companies have an excellent ability to meet their ongoing obligations to policyholders. The “A-” rating is fourth highest on A.M. Best’s 16-step rating scale. A.M. Best rating is current as of the date of publication. Ratings reflect a rating agency’s opinion of a company’s financial strength and ability to meet its obligations to its policyholders. A rating is not a recommendation of a company or any specific policy form.