New York Life Insurance Company has hired Jon Stenberg as a new senior vice president in its individual life department, reporting to Scott Berlin, senior vice president in charge of the department.

Mr Stenberg is responsible for overseeing the retail insurance division of the individual life department, which includes all retail product development, systems and marketing to support life insurance sales through the company’s career agency system.

Prior to joining New York Life, Mr Stenberg oversaw the UBS Insurance Agency at UBS Financial, including all key operations of product development, systems and distribution.

Mr Stenberg earned a BS degree in business administration from Central Michigan University, and an MBA from the Wharton School of the University of Pennsylvania.