Philadelphia Financial Expands its Institutional Practice with Two Seasoned Executives

March 30, 2015

March 30, 2015, Philadelphia, PA - Philadelphia Financial, a leader in the private placement life insurance market, today announced the addition of two senior executives to its distribution team, appointing Adam Sandahl as Senior Managing Director – Corporate Accounts, and Thomas Wiese as Senior Managing Director – Institutional Solutions.

Mr. Sandahl comes to Philadelphia Financial from Nationwide Financial where he served as National Sales Manager for 10 years and led the development of product distribution strategy for Corporate Owned Life Insurance products.  At Philadelphia Financial, he will have responsibility for Corporate Owned Life Insurance (COLI), Bank Owned Life Insurance (BOLI) and Insurance Company Owned Life Insurance (ICOLI).  Adam will focus on building and managing independent distribution of these products.

Mr. Wiese joins Philadelphia Financial with significant experience in business development and relationship management in the financial services industry.  Throughout his career, Tom has worked for several of the largest banks, brokers and insurance companies where he focused on complex products and solutions to sophisticated institutional clients. In his new role, Tom will have responsibility for expanding the domestic and international market for institutional products issued by Philadelphia Financial.  

“The addition of these two seasoned executives will expand and evolve the markets for our institutional products and further enhance our leadership position in the industry,” commented Ken Kilbane, Executive Vice President – Head of Sales for Philadelphia Financial.

About Philadelphia Financial

Philadelphia Financial, headquartered in Philadelphia, Pennsylvania, is a global specialty insurer and administration company.  The firm provides insurance solutions to advisors of high net worth individuals and institutions and is a leader in strategic insurance. Philadelphia Financial has significant experience in the complex regulatory issues applicable to this unique product class for high net worth and institutional investors. For more information about Philadelphia Financial, please visit www.philadelphiafinancial.com.

Media Contact:

Holly Singer, HS Marketing LLC, holly@hsmarketing.com, 609.275.1303

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