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November 28, 2005
The Guardian Life Insurance Company of America Honored by State of Israel Bonds Insurance Division
Guardian President and CEO Dennis J. Manning Announces New $2 million Commitment to Purchase Israel Bonds
NEW YORK, N.Y., November 28, 2005 — The Guardian Life Insurance Company of America (Guardian), the fourth largest mutual life insurance company in the United States, was recently honored by the State of Israel Bonds Insurance Division.
Guardian President and CEO Dennis J. Manning accepted the Neil D. Levin Memorial Award on behalf of the company during the annual luncheon for the State of Israel Bonds' Insurance Division, which was attended by more than 250 diplomats, insurance industry, business and community leaders. The award is named for the former state insurance superintendent, who lost his life in the September 11th World Trade Center attacks. Howard Mills, superintendent of the New York State Insurance Department was an award co-honoree.
Guardian's collective purchase of Israel Bonds has been more than $24 million. An additional $2 million investment from Guardian was pledged during Manning's speech at the awards ceremony.
"On behalf of Guardian, I am honored to accept an award named after the late state insurance superintendent, Neil D. Levin," said Manning. "Guardian's purchases of Israel Bonds have proven to be sound investments and exemplify our commitment to financial strength and enriching the lives of the communities that we serve. We are proud to build on our investment with the State of Israel Bonds Insurance Division."
Ambassador Arye Mekel, Israel's consul general in New York, and Israel Bonds Insurance Division chairmen Martin Minkowitz of Stroock & Stroock & Lavan and Nathan M. Perlmutter of Forest Hills Financial Group, a Guardian agency in Queens, N.Y., presented Manning with his award.
About Guardian
Founded in 1860, The Guardian Life Insurance Company of America, New York, NY (Guardian) is the fourth largest mutual life insurance company in the United States. As of December 31, 2004, Guardian and its subsidiaries had $39.5 billion in assets. With more than 5,000 employees and 2,900 financial representatives, as well as over 80 agencies nationwide, Guardian and its subsidiaries protect individuals, businesses and their employees with life, disability, health and dental insurance products, and offer 401(k), financial products and trust services. More information about Guardian can be obtained at: www.guardianlife.com.
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