Sammons Financial Group (SFG), a Texas-based insurance holding company, has appointed Bill Lowe as new president of its new business line, Sammons Retirement Solutions.

The new business will distribute retirement-oriented products such as mutual funds and variable annuities through broker dealers and their financial advisors.

The operations of Sammons Retirement Solutions will be based in Iowa.

Lowe will join SFG with almost 25 years of experience, most recently with ING where he held various leadership positions including president of ING Individual Retirement distribution, CEO of US annuities, president of ING Wealth Management wholesale distribution, president of corporate and individual markets, and president of the ING Financial Horizons business.

Prior to that, Lowe spent approximately eight years with Lincoln Benefit Life Company.

SFG CEO Esfand Dinshaw said the new line does not conflict with the existing successful businesses and expands SFG’s products and distribution reach.