(Image source: Vantis Life homepage.)
Vantis Life Insurance Company, a Windsor, Conn.-based life insurer focused on mass market consumers, has announced that Ray Caucci will be inaugurated as its new Chairman and CEO on Jan. 2, 2019. In a related appointment, Scott Smith, currently, Executive VP and COO, will be promoted to President and COO. Caucci succeeds Peter Tedone, who will retire from Vantis Life on Jan. 1, 2019 after a 31-year career.
In his new role, Caucci will be responsible for overseeing the company’s foray into direct-to-consumer sales and the implementation of new underwriting technology, according to a company statement. Caucci joins Vantis Life after a 32-year career with Penn Mutual, where he most recently served as Senior VP, Product Management, Underwriting and Advanced Sales.
“With over 75 years in the business, Vantis Life is uniquely positioned to redefine how life insurance is distributed and delivered to customers,” comments Caucci. “As CEO, my focus is to break down the barriers surrounding life insurance so anyone can quickly and painlessly protect their families from financial hardship.”
Caucci held numerous roles prior to his most recent position at Penn Mutual, including VP of Product Management and VP and Life Product Actuary. He is a Fellow of the Society of Actuaries, a member of the American Academy of Actuaries, and Chairman of the Pennsylvania Life & Health Insurance Guaranty Association Board of Directors.
Revolutionizing the Life Insurance Industry
“Ray has already hit the ground running at Vantis Life,” comments Smith. “His unwavering commitment to revolutionizing the life insurance industry has been evident from day one of his transition. Under Ray’s leadership, Vantis Life will continue to push the cutting edge of providing simple-to-understand life insurance and annuity products to American families.”