Mr. Zesbaugh has spent his entire 25+ year career in the insurance industry. He currently serves as President and CEO of Security Life, a national life & health insurance carrier focusing on the ancillary products markets (dental, vision, disability and life). For two years prior to joining Security Life, Mr. Zesbaugh established his own firm to provide strategic consulting services to a range of financial services organizations, start-up organizations and private equity firms. His client base was a combination of for profit local entities, insurance entities and large private equity firms interested in making large strategic capital investments in the insurance industry. During this time Mr. Zesbaugh was sponsored by a New York based private equity firm, along with other insurance executives to identify, evaluate, acquire and ultimately lead a national life insurance operation. Prior to owning his own firm, in 2008, Mr. Zesbaugh started and led a Bermuda based reinsurance company with a group of insurance executives to manage the risk associated with financial guarantees embedded within fixed and variable annuities.
From 1990-2007, Mr. Zesbaugh enjoyed a successful 17 year career at Allianz Life/LifeUSA. Mr. Zesbaugh joined LifeUSA (from Ernst & Young) as treasurer, where he was responsible for all investment and cash management operations. During this time he was heavily involved in product development and in-force management, and was instrumental in LifeUSA’s successful initial public offering. In early 1995, Mr. Zesbaugh took over the role of CFO of the publically held LifeUSA and led the effort in numerous financing transactions, multiple acquisitions, buy/sell side analyst relations, and was an integral part of negotiating the merger with Allianz Life five years later. His strategic financial leadership helped propel LifeUSA from a start-up public company into the fastest growing insurance operation in the United States. After the merger of LifeUSA and Allianz Life in 1999, Mr. Zesbaugh spent three years as CFO of Allianz Life before taking over as Chief Executive. As CEO of Allianz Life he orchestrated the growth of the company, resulting in an increase in annual premiums from $3 billion to over $14 billion. Overall operating profits also grew from less than $100 million to over $600 million, while assets under management rose from $10 billion to $70 billion. Mr. Zesbaugh built and maintained one of the largest independent distribution networks of independent financial advisors, with over 100,000 appointed agents/financial advisors representing Allianz Life.
Mr. Zesbaugh sits on various for profit and not for profit boards. He is a graduate of the University of St. Thomas (St. Paul, MN), with a BA in Accounting. He is also a Chartered Financial Analyst and a Certified Public Accountant (inactive license).
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