SE2 Names James A. Mallon to Its Board of Directors

SE2, a leading third-party administrator for the North American life
insurance and annuity industry, announced today that James A. Mallon
(Jim) has joined the company’s board of directors. Jim Mallon will serve
as an independent director.

Mr. Mallon is an insurance industry leader with more than 40 years of
experience in the industry and expertise in trailblazing new solutions
for customers. He currently serves as president of LiveAmerica, a
consumer-focused distribution company that provides new living benefit
life insurance and retirement solutions to small business owners.

“We are pleased that Jim has joined the SE2 board of directors,” said
Gautam Thakkar, CEO, SE2. “His track record and expertise in creating
innovative life insurance products will be of great benefit to SE2 as we
continue to innovate and help our clients bring new products to market.”

Prior to his tenure as CEO at LiveAmerica, Mr. Mallon served as
president of American International Group’s global life insurance
business. Prior to that Mr. Mallon was the CEO of American General Life
companies, including American General Life and Accident Insurance
Company from 2004 to 2011. Jim also oversaw the development of Quality
of Life Insurance, one of the first living benefit life insurance
products in America. As CEO, he also drove a strategy that generated
impressive growth during a period of negative growth for the overall
industry. Mr. Mallon has also served as the president and COO of
National Life Insurance Company, a member of the National Life Board of
Directors, the chairman of Life of the Southwest (a National Life Group
subsidiary) and CMO of The Hartford.

Mr. Mallon graduated with a Bachelor of Arts from Amherst College,
attended Harvard University, and attended the Executive MBA program at
the Whittemore School of Business at the University of New Hampshire. He
has earned Series 7 and Series 24 NASD designations. In 2012, he was the
second-ever recipient of the prestigious “GAMA Outstanding Leadership
Award.” Mr. Mallon is a distinguished visiting lecturer at the
University of Alabama’s CulverHouse College of Business, and has served
on the board of numerous charitable organizations.

About SE2

SE2, an Eldridge Industries portfolio company, is a leading technology
and third-party administration company focused on the North American
life and annuity insurance industry. SE2 has an unmatched track record
in optimizing back-office operations to future-proof insurance
companies. SE2 combines peerless industry domain knowledge with a
leading-edge administration technology platform to help clients launch
products rapidly, improve efficiencies, shift to a variable cost model
and maximize profits while dramatically improving the customers’
experience. SE2 supports more than 20 direct clients, represents more
than 35 carriers in North America and services more than 1,000 life and
annuity products. SE2 has approximately $100 billion in assets under
administration and has been recognized as an industry-leading innovator.
Visit SE2 at www.SE2.com or
at LinkedIn to
learn more.

About Eldridge Industries

Eldridge Industries (“Eldridge”) is a private investment firm
specializing in providing both debt and equity capital. Eldridge invests
across diversified industries with a focus on media and sports,
insurance, real estate development, asset lending and financing, branded
food and hospitality, and asset management businesses. In particular,
the firm seeks to build and grow companies led by proven management
teams that have demonstrated leadership and experience to scale an
enterprise. Eldridge is headquartered in Greenwich, Connecticut, with
additional offices in Beverly Hills, New York, and London. www.eldridge.com

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