Security Mutual Life Insurance Company of New York Names Melody Feinberg to its Board of Directors
BINGHAMTON, N.Y., March 18, 2024 – Melody Feinberg, an accomplished risk management and accounting professional, has joined the Security Mutual Life Insurance Company of New York Board of Directors.
Ms. Feinberg brings over 35 years of experience in accounting, risk management, finance, operations, regulatory oversight, and strategy to her role, having served in leadership positions at various organizations including J.P. Morgan, Goldman Sachs, and most recently, the Federal Home Loan Bank of New York, where she was the Chief Risk Officer.
“We are pleased to welcome Melody as a new director,” said Bruce W. Boyea, Chair, Security Mutual Life Insurance Company of New York. “Her keen understanding of the regulatory environment, combined with her extensive knowledge of the financial services industry, make her a valuable asset to our company.”
“I look forward to the opportunity to work more closely with Melody 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 be of great value to us as we work to achieve our strategic goals and initiatives.”
“I am thrilled to be joining the board of Security Mutual Life Insurance Company of New York,” said Melody. “I look forward to using my skills and experiences to contribute to a company that helps protect families and businesses against certain financial challenges.”
Ms. Feinberg is currently the principal of Chief Risk Advisors LLC (CRA), a consultancy she launched in 2024, that provides solutions to organizations to better manage risk and compliance, enhance governance and strategy, and optimize operations and reporting.
Ms. Feinberg earned her M.B.A. in Finance from Drexel University and her B.S. in Accounting from The College of New Jersey. She is a Certified Public Accountant and a member of the New York Society of CPAs and the American Institute of Certified Public Accountants.
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.