Mike Maughan Email & Phone Number

West Palm Beach, Florida, Us

Ibexis Life & Annuity Insurance Company is a life and annuity company founded in 1937. On November 1, 2021, a holding company with initial capital from Investcorp purchased SSL from Kansas City Life Insurance Company. Investcorp is a $40+ billion global investment manager, specializing in investments across private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure and insurance asset management. The company maintains a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) from AM Best. Both ratings have a stable outlook.

Salt Lake City, Utah, Us

Directed strategic vision and operations for two insurance companies with a team of seven direct reports and 140 employees located in three national locations. Mentored high-potential, mission critical employees to substantial promotions. Key achievements include:• Leveraged interpersonal skills and change management methodologies to guide staff through 77% rapid growth and organizational transformation.• Implemented industry-leading Point of Sale underwriting insurance technology and electronic application increasing product line sales 400%.• Streamlined electronic application increasing policy decisions 100% and agent application usage by 80%.• Grew Secure Administrative Solutions product lines and utilized technology to improve operational efficiencies exceeding profitability by 225%.• Negotiated third-party agreements increasing revenue 300% for the Medicare Supplement Insurance product.

Salt Lake City, Utah, Us

Led company-wide operations with a team of nine direct reports for Sentinel Security Life and sister company Atlantic Coast Life conducting business over three national locations.

Salt Lake City, Utah, Us

Led company-wide operations with a team that grew to nine direct reports for Sentinel Security Life and sister company Atlantic Coast Life conducting business in three national locations, Utah, South Carolina and Illinois.

(Recruited back) Directed operations, compliance, and finance initiatives aligned with organizational goals. Key achievements include:• Established process to engage at-risk customers with targeted policy benefit information focused on retaining policyholders resulting in client asset savings of $150M over three years.• Designed and delivered compliance training company-wide achieving a 20% reduction in agent training expense and 50% reduction in regulatory inquiries.

Managed budgeting/P&L, regulatory compliance, financial reporting, and continuous process improvement delivering 100% accurate financial and compliance audit data. Utilized IT to update sales and compliance reporting results for sales force. Beneficial sold its broker dealer and RIA to Insphere Securities, Inc.

Managed call center startup project, completed 10% under budget, managed call center operations and implemented employee focused initiatives increasing satisfaction by 25%. Administered pension and fiduciary management, developed strategic change process improving participant satisfaction by 30%. Conducted audit review of ERISA, FINRA, benefit administration, and operations for legal, suitability, and regulatory oversight.

Bachelor'S, Finance

Mba, Business