New York Life Names Meghan Shea as Head of Group Benefit Solutions TMCnet News [October 07, 2026] | / | New York Life Names Meghan Shea as Head of Group Benefit Solutions New York Life today announced that Meghan Shea will become head of Group Benefit Solutions (GBS), effective Jan. 1, 2027. GBS provides workplace benefits solutions to employers and their employees. Shea will report to Alain Karaoglan, executive vice president and head of New York Life's Strategic Businesses. She will succeed Scott Berlin, who will retire from New York Life on Dec. 31, 2026, following more than 36 years of service. "Meg is an exceptional leader who understands our business as well as the needs of our clients and brokers, and she has a proven ability to build strong teams and deliver results," said Karaoglan. "I am confident she will continue to build on our strengths to create even greater experiences for all those we serve." "I also want to thank Scott for his extraordinary commitment to New York Life. His decades of leadership and contributions across many areas of the company have had a lasting impact, and we congratulate him on his well-earned retirement," added Karaoglan. Shea currently serves as vice president and head of Distribution for GBS, where she is responsible for driving profitable growth across regional and national segments and plays a central role in the business's strategy. She has more than 20 years of group insurance industry experience and has held a series of leadership roles across Distribution, Strategy, Solutions and Marketing. Shea joined New York Life as part of the company's 2020 acquisition of Cigna's Group Insurance business and was named head of GBS Distribution in 2024. "I'm honored and excited for the opportunity to lead GBS and build on the position of strength we have established," said Shea. "Our opportunity is to deeply understand the people we serve - our clients, their employees and beneficiaries, and our broker partners - and anticipate what they will need from us not only today, but in the future. I look forward to working alongside our talented teams to evolve how we serve the market, create meaningful value for our stakeholders and drive our next chapter of growth." Michael Banks, who currently serves as head of National Accounts for GBS, will succeed Shea as head of GBS Distribution. With more than 20 years of group insurance industry experience, Banks delivers deep business knowledge, strong financial acumen, significant broker and client relationships, and proven commercial leadership. ABOUT NEW YORK LIFE New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest[1] mutual life insurance company in the United States and one of the largest life insurers in the world. Headquartered in New York City, New York Life's family of companies offers life insurance, disability income insurance, retirement income, investments, and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.[2] | [1] Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune magazine, 6/3/2026. For methodology, please see https://fortune.com/company/new-york-life-insurance/. | | [2] Individual independent rating agency commentary as of 10/28/2025: A.M. Best (A++), Fitch (AAA), Moody's Investors Service (Aa1), Standard & Poor's (AA+). | View source version on businesswire.com: https://www.businesswire.com/news/home/20261007680125/en/ [ Back To TMCnet.com's Homepage] |

Unisys transfers approximately $200 million of its U.S. Defined benefit pension obligations to New York Life through the purchase of a group annuity contract. Sep 16, 2026, 16:30 ET Consistent with Unisys' capital structure and pension strategy, this agreement reduces pension liabilities and lowers the future cost of fully removing its U.S. pension obligations BLUE BELL, Pa., Sept. 16, 2026 /PRNewswire/ - Unisys (NYSE: UIS) today announced it closed an agreement with New York Life Insurance Company ("New York Life") to purchase a group annuity contract totaling approximately $200 million using plan assets. Unisys will transfer projected benefit obligations valued at a similar amount related to certain retirees under one of the Company's U.S. qualified pension plans to New York Life. As outlined in Unisys' July 2025 Capital Structure and Pension Strategy investor presentation, the Company targeted a $600 million reduction of U.S. qualified defined benefit pension plan liabilities. This latest annuity purchase transaction brings the cumulative reduction to approximately $520 million since July 2025. The Company anticipates completing one additional settlement by January 2027, which would bring the reduction in U.S. liabilities closer to achieving the target. As part of the transfer, New York Life will assume responsibility for providing pension benefits for approximately 1,700 retirees and beneficiaries with monthly benefits lower than certain thresholds. There will be no changes to the gross amount, timing, or form of the monthly pension benefit payments, backed by New York Life's financial strength and long-term commitment to policy owners. Unisys anticipates that this action will result in a third-quarter 2026 one-time, non-cash, pre-tax settlement charge of approximately $150 million. Since the purchase will be made by the pension trust, there will be no impact on the Company's cash position. About Unisys Unisys is a global technology solutions company that powers breakthroughs for the world's leading organizations. Our solutions - cloud, AI, digital workplace, applications and enterprise computing - help our clients challenge the status quo and unlock their full potential. To learn how we have been helping clients push what's possible for more than 150 years, visit unisys.com and follow us on LinkedIn. About New York Life New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest[1] mutual life insurance company in the United States and one of the largest life insurers in the world. Headquartered in New York City, New York Life's family of companies offers life insurance, disability income insurance, retirement income, investments, and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.[2] [1] Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune magazine, 6/3/2026. For methodology, please see https://fortune.com/company/new-york-life-insurance/. [2] Individual independent rating agency commentary as of 10/28/2025: A.M. Best (A++), Fitch (AAA), Moody's Investors Service (Aa1), Standard & Poor's (AA+). Forward-Looking Statements Any statements contained in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Unisys cautions readers that the assumptions forming the basis for forward-looking statements include many factors that are beyond Unisys' ability to control or estimate precisely and are made based upon management's current expectations, assumptions and beliefs as of this date concerning future developments and their potential effect upon Unisys. There can be no assurance that future developments will be in accordance with management's expectations, assumptions and beliefs or that the effect of future developments on Unisys will be those anticipated by management. Forward-looking statements in this release include the impact on the U.S. pension. Additional information and factors that could cause actual results to differ materially from Unisys' expectations are contained in Unisys' filings with the U.S. Securities and Exchange Commission (SEC), including Unisys' Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings, which are available at the SEC's web site, http://www.sec.gov. Information included in this release is representative as of the date of this release only and while Unisys periodically reassesses material trends and uncertainties affecting Unisys' results of operations and financial condition in connection with its preparation of management's discussion and analysis of results of operations and financial condition contained in its Quarterly and Annual Reports filed with the SEC, Unisys does not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events. RELEASE NO.: 0916/10070 Unisys and other Unisys products and services mentioned herein, as well as their respective logos, are trademarks or registered trademarks of Unisys Corporation. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder. SOURCE Unisys Corporation

New York Life enhances survivorship variable universal life with guaranteed death benefit option. Business Wire New Extended No Lapse Guarantee Rider lets policyholders lock in a guaranteed death benefit while keeping market-linked growth potential, addressing a growing need AT A GLANCE * New York Life has added an optional Extended No Lapse Guarantee Rider (ENLG) to its survivorship variable universal life (SVUL) insurance solution, making a guaranteed protection option available for an additional charge to families looking to protect, preserve, and ultimately transfer the wealth they have built. * The new option preserves a guaranteed death benefit after the death of the second insured, regardless of market performance, while the policy's cash value remains invested across market-based options. * New York Life's Wealth Watch 2026 Midyear Outlook consumer survey found that 84% of Americans believe a financial strategy should address both growth and protection. Survivorship variable universal life is designed to support both priorities, and adding a guaranteed death benefit gives families greater certainty around the protection outcome while preserving the policy's growth potential. * The guaranteed death benefit option is available to clients in most states as of August 2026, through New York Life financial professionals. NEW YORK-(BUSINESS WIRE)- New York Life today added an optional Extended No Lapse Guarantee Rider to SVUL Accumulator II, its survivorship variable universal life (SVUL) insurance solution. The new option enables clients, typically spouses or business partners, to lock in a death benefit that is guaranteed against lapse. It pays out after the death of the second insured, regardless of how markets perform, while keeping the policy's cash value invested across a range of market-based options. The product is available in most states through New York Life financial professionals. "Families and business owners are not only asking how to build wealth. They are asking how to protect it, how to transfer it efficiently, and how to make sure their plans hold up over time," said Ramon Casanova, head of Life Insurance Solutions at New York Life. "SVUL and our new Extended No Lapse Guarantee Rider option give them a solution that combines long-term protection, market exposure, wealth transfer potential and estate planning flexibility." Balancing Growth Potential and Protection How SVUL Accumulator II Works SVUL Accumulator II is a permanent life insurance policy that covers two lives under a single contract, paying a death benefit after the death of the second insured. Because the policy's cash value can be allocated across a range of market-based investment options, clients can participate in market growth over a multi-decade planning horizon, a relevant feature for legacy strategies that may span generations. Market exposure, however, means policy values can fluctuate. This new rider protects the death benefit: as long as the rider's premium test is met, the rider allows clients to maintain a specified guaranteed death benefit even if investment performance changes, decoupling the legacy goals from market outcomes. Why a Guaranteed Option, and Why Now? For families and business owners using survivorship life insurance as a legacy planning tool, the ability to guarantee the death benefit against lapse offers certainty and clarity within a legacy strategy. The New York Life Wealth Watch 2026 Midyear Outlook found that 84% of Americans believe a financial strategy should address both growth and protection. Survivorship variable universal life is designed to support both priorities, and adding a guarantee against lapse of the policy gives families greater certainty around the protection outcome while preserving the policy's growth potential. Though market conditions and financial needs may change over a multi-decade planning horizon, the long-term objectives behind a legacy strategy often do not. Combining SVUL with the new option provides clients both certainty and growth potential. Availability and Access SVUL Accumulator II and the Extended No Lapse Guarantee rider are available in most states as of August 2026. Clients can learn more or connect with a New York Life financial professional at newyorklife.com/products/insurance/variable-universal-life. FREQUENTLY ASKED QUESTIONS What is SVUL Accumulator II? SVUL Accumulator II is a survivorship variable universal life insurance policy from New York Life that covers two lives, typically spouses or business partners, under a single contract and pays a death benefit after the death of the second insured. What does the new Extended No Lapse Guarantee rider do? The new Extended No Lapse Guarantee rider allows policyholders to lock in a specified death benefit that will be paid regardless of market performance. It is available as an addition to SVUL Accumulator II. The rider does not eliminate market risk in the underlying investments of the VUL policy during the period in which assets can accumulate. Who is SVUL Accumulator II designed for? The product is designed for clients with long-term legacy and estate planning needs, including married couples and business partners who want to provide for heirs or fund buy-sell arrangements across a multi-decade time horizon. Where is SVUL Accumulator II with the Extended No Lapse Guarantee rider available? The product is available in most states as of August 2026 through New York Life financial professionals. Why is this relevant now? New York Life's Wealth Watch 2026 Midyear Outlook found that 84% of Americans believe it is important for a financial strategy to address both growth and protection. For families with long-term commitments, that can mean wanting assets to retain market-linked growth potential while also seeking greater certainty around what will ultimately be available for beneficiaries. A guaranteed death benefit allows those two priorities to coexist within the same policy. ABOUT NEW YORK LIFE New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest[1] mutual life insurance company in the United States and one of the largest life insurers in the world. Headquartered in New York City, New York Life's family of companies offers life insurance, disability income insurance, retirement income, investments, and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.[2] [1] Any guarantees are based on the claims-paying ability of the issuer. [2] Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune magazine, 6/3/2026. For methodology, please see https://fortune.com/ranking/fortune500/#methodology. [3] Individual independent rating agency commentary as of 10/28/2025: A.M. Best (A++), Fitch (AAA), Moody's Investors Service (Aa1), Standard & Poor's (AA+).