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Article: Palmieri to head Mut. Benefit; Met bows out. (Victor Palmieri; Mutual Benefit Life Ins. Co.)
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- August 26, 1991
- Author:
CopyrightCOPYRIGHT 1991 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Palmieri To Head Mut. Benefit; Met Bows Out
Victor Palmieri, a specialist in reorganizing troubled companies, has been named deputy rehabilitator and chief executive officer of Mutual Benefit Life Ins. Co.
New Jersey insurance department officials said that Mr. Palmieri would assume the deputy rehabilitator's post immediately and Metropolitan Life would no longer have a management role in the Newark-based company's rehabilitation.
The "resources" of Mr. Palmieri's 20-year-old, New York-based Palmieri Co., will be used in his new position, according to the department.
He will be assisted by his partner, Peter Martosella Jr.
Mr. ...