Midwest Holding announced Eric N. Berg as Chief Financial Officer

By Joy Dumasia

Midwest Holding, a technology-driven life and annuity platform, announced that it had appointed Eric N. Berg as its new senior vice president and chief financial officer effective March 25, 2022.

Berg, age 63, brings significant experience to the job with deep expertise in investment research and insurance industry analysis, having spent 23 years on Wall Street as an equity research analyst following the insurance industry. Working at such firms as Lehman Brothers, RBC Capital Markets, and Barclays Capital, Berg was awarded the designation as an All-Star Analyst by Institutional Investor magazine 15 times and served twice as an Associate Director of Research. He was recently the CFO of Aviva India, a New Delhi-based insurer and asset manager. 

He is a CFA charterholder and holder of the CFA Institute’s Certificate in Investment Performance designation awarded to individuals who pass two rigorous exams in money manager selection and evaluation. He is also active in numerous professional groups, including the CFA Society of New York and the Society of Actuaries. He earned a Bachelor of Science degree in Economics from The Wharton School at the University of Pennsylvania and his MBA from the Stanford Graduate School of Business.

Midwest Holding Chief Executive Officer Georgette C. Nicholas, said: “We are pleased to have Eric Berg join Midwest. Eric brings extensive experience and knowledge of the investor market and insurance industry. His business acumen and diverse experience will add strong leadership to our efforts to drive growth and enhance shareholder value.”

Midwest is comprised of four distinct, interconnected businesses that work together to link those seeking to fund retirement via annuities with asset managers and institutional investors seeking uncorrelated, enhanced returns. Midwest develops and distributes annuity products with capital provided by these investors who can form, capitalize, and manage their reinsurance capital vehicles utilizing Midwest’s infrastructure and expertise.