In September of 2015 North Carolina Mutual announced that Michael Lawrence of Raleigh, North Carolina, had been chosen to become the new President and CEO of North Carolina Mutual Life Company. On January 1st, 2016, Mr. Lawrence assumed the role that had been held by James Speed, Jr. since 2003.
Mr. Lawrence previously served as senior vice president, chief financial officer and treasurer of the company, positions he held since joining North Carolina Mutual in 2012.
In 2011, in response to industry changes, North Carolina Mutual opted to become an independent insurance broker, selling products offered by other insurers. That allowed the company to offer a broader range of products, including life and health, annuity, pre-need, and property/casualty products. The company also acquired North Carolina Mutual Financial, a funeral funding subsidiary located in Gadsden, Alabama.
In his leadership role at North Carolina Mutual, Mr. Lawrence is building a new vision for a company with a 117 year history of serving African American communities across the US.
North Carolina Mutual’s vision is to be a company driven by invested, engaged, and inspired individuals who strengthen their communities by providing education, products, and services to help build stronger financial health, now and in the future.
The mission is to re-introduce North Carolina Mutual as a trusted provider of insurance products, financial education, and services in the African American marketplace.
Our new logo represents how the company has evolved from offering one product to one audience to more offerings and a larger audience.
See also: http://www.wral.com/business/video/16556903/