Delphi Financial Group, Inc. (NYSE:DFG) has announced the retirement of its executive vice president and director, Robert Smith, Jr. The company’s board will be decreased from eleven to ten directors after its annual meeting on may 4. Seven of the board members will be independent directors.
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Mr. Smith first joined Delphi as the vice president in 1994. He was later elected to the company’s board of directors in 1995 and named executive vice president in 1999. He previously served as a director, investment banking for Merrill Lynch with a focus on the insurance industry.
Delphi Financial Group, Inc. (Delphi) is a holding company whose subsidiaries provide integrated employee benefit services. The Company manages all aspects of employee absence and provides the related group insurance coverage, such as long-term and short-term disability, life, excess workers’ compensation self-insured employers, large casualty programs including large deductible workers’ compensation, travel accident, dental and limited benefit health insurance. The Company’s asset accumulation business emphasizes individual fixed annuity products. Delphi offers its products and services in all 50 states and the District of Columbia. The Company operates in two segments: group employee benefit products and asset accumulation products.
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