Arth to be succeeded at Ameritas, UNIFI by Martin, Jacobs
When Larry Arth retires as chairman of Ameritas Life Insurance Corp. and UNIFI Companies July 31, he’ll have two successors, the companies announced.
Arth’s responsibilities will be assumed by John Jacobs for UNIFI Companies and JoAnn Martin for Ameritas. Their new titles will be disclosed Aug. 1, said spokesman Scott Stuckey. He gave no explanation for the separation of Arth’s responsibilities.
Martin is now president and CEO of Ameritas Life Insurance and executive vice president and chief financial officer of UNIFI Companies. She is also the current chairwoman of the Lincoln Chamber of Commerce.
Jacobs is vice chairman, president and chief operating officer of UNIFI Companies, and chairman and CEO of Union Central Life insurance Co. He lives in West Chester, Ohio.
UNIFI Mutual Holding Company owns Ameritas Holding Company, which is the intermediate holding company that owns the life insurance companies, Ameritas Life, Acacia Life and Union Central Life.
Arth’s career began in 1968 when he joined then Bankers Life Nebraska as a mortgage loan assistant.
He rose through the ranks of the investment area, where he was instrumental in Ameritas entering the variable life insurance and annuity business, the company said. In 1988, Arth was named president and chief operating officer, and in 1995 was elected Ameritas chairman and CEO.
Ameritas merged with Acacia Life Insurance Company, Washington, D.C., in 1999 to form Ameritas Acacia Mutual Holding Company. Arth was elected chairman of the board and CEO of the new entity.
In 2006, Arth led a second merger of mutual holding companies, joining forces with The Union Central Life Insurance Company, Cincinnati, Ohio, and establishing UNIFI Mutual Holding Company. Arth was named chairman and CEO, and in May 2007, he was elected chairman of the UNIFI Companies board of directors.
In 1988, when the company changed its name from Bankers Life Nebraska to Ameritas, it recorded $1 billion dollars in assets, $100 million dollars in equity and 700 employees. As of Dec. 31, 2007, UNIFI Companies reached $18 billion dollars in assets, more than $2 billion dollars in equity, nearly $37 billion dollars in assets under management and 2,500 associates nationwide.
Arth has been active in a variety of civic organizations and endeavors.
He earned his bachelor’s and master’s degrees in business administration from the University of Nebraska - Lincoln and served two years in the United States Navy. He is married to the former Mary C. Morrow. They have three children.
Arth’s responsibilities will be assumed by John Jacobs for UNIFI Companies and JoAnn Martin for Ameritas. Their new titles will be disclosed Aug. 1, said spokesman Scott Stuckey. He gave no explanation for the separation of Arth’s responsibilities.
Martin is now president and CEO of Ameritas Life Insurance and executive vice president and chief financial officer of UNIFI Companies. She is also the current chairwoman of the Lincoln Chamber of Commerce.
Jacobs is vice chairman, president and chief operating officer of UNIFI Companies, and chairman and CEO of Union Central Life insurance Co. He lives in West Chester, Ohio.
UNIFI Mutual Holding Company owns Ameritas Holding Company, which is the intermediate holding company that owns the life insurance companies, Ameritas Life, Acacia Life and Union Central Life.
Arth’s career began in 1968 when he joined then Bankers Life Nebraska as a mortgage loan assistant.
He rose through the ranks of the investment area, where he was instrumental in Ameritas entering the variable life insurance and annuity business, the company said. In 1988, Arth was named president and chief operating officer, and in 1995 was elected Ameritas chairman and CEO.
Ameritas merged with Acacia Life Insurance Company, Washington, D.C., in 1999 to form Ameritas Acacia Mutual Holding Company. Arth was elected chairman of the board and CEO of the new entity.
In 2006, Arth led a second merger of mutual holding companies, joining forces with The Union Central Life Insurance Company, Cincinnati, Ohio, and establishing UNIFI Mutual Holding Company. Arth was named chairman and CEO, and in May 2007, he was elected chairman of the UNIFI Companies board of directors.
In 1988, when the company changed its name from Bankers Life Nebraska to Ameritas, it recorded $1 billion dollars in assets, $100 million dollars in equity and 700 employees. As of Dec. 31, 2007, UNIFI Companies reached $18 billion dollars in assets, more than $2 billion dollars in equity, nearly $37 billion dollars in assets under management and 2,500 associates nationwide.
Arth has been active in a variety of civic organizations and endeavors.
He earned his bachelor’s and master’s degrees in business administration from the University of Nebraska - Lincoln and served two years in the United States Navy. He is married to the former Mary C. Morrow. They have three children.
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