LINCOLN, Neb., Sept. 7, 2021 /PRNewswire/ -- Midwest
Holding Inc. ("Midwest") (NASDAQ: MDWT) today announced that
Georgette C. Nicholas will become
President and Chief Financial Officer, commencing September 8, 2021.
Ms. Nicholas brings more than 30 years experience in the global
financial services industry including insurance, reinsurance and
capital markets. She has a commitment to developing strong culture
and leadership in organizations, supporting diversity and inclusion
to grow engagement. Ms. Nicholas has leveraged this along
with her business and financial acumen to drive strategy and
results.
Ms. Nicholas previously held the position of CEO and Managing
Director for Genworth Mortgage Insurance Australia, a publicly
listed ASX company in Sydney,
Australia. She also held various roles with Genworth
Financial, Inc. in investor relations, chief financial officer
roles in the mortgage insurance business and controllership.
Ms. Nicholas also worked in public accounting, including as a firm
director with Deloitte.
"We are excited to add Georgette to our team here at
Midwest. Her significant business, investor, financial and
insurance expertise will provide further support as we grow our
technology-enabled life and annuity company and commitment to
driving value to our customers and partners," said Co-Chief
Executive Officer Mike Minnich.
About Midwest Holding Inc.
Midwest Holding Inc. is a technology-enabled, services-oriented
annuity platform. Midwest designs and develops in-demand life and
annuity products that are distributed through independent
distribution channels, to a large and growing demographic of U.S.
retirees. Midwest originates, manages and transfers these annuities
through reinsurance arrangements to asset managers and other
third-party investors, who are actively seeking these financially
attractive products. Midwest also provides the operational and
regulatory infrastructure and expertise to enable asset managers
and third-party investors to form, capitalize and manage their own
reinsurance capital vehicles.
Forward-looking Statements
This press release contains forward-looking statements within
the meaning of the Securities and Exchange Act of 1934, as amended,
including statements of goals, intentions, and expectations as to
future trends, plans, events or results of Company operations and
policies and regarding general economic conditions. These
forward-looking statements are based on current expectations that
involve risks, uncertainties and assumptions, including those
relating to the global COVID-19 pandemic and associated potential
impacts on the Company and its financial condition and results of
operations. Because of these uncertainties and the
assumptions on which the forward-looking statements are based,
actual future operations and results in the future may differ
materially from those indicated herein. Readers are cautioned
against placing undue reliance on any such forward-looking
statements. For details on factors that could affect these
expectations, see the risk factors and other cautionary language
included in the Company's filings with the SEC, which can be
obtained online at the website of the U.S. Securities and Exchange
Commission at http://www.sec.gov. Except as required by law, the
Company does not undertake to update forward-looking statements
contained in this release.
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SOURCE Midwest Holding Inc.