Penn Mutual Life Insurance Promotes Pair as New General Counsel

Penn Mutual Life Insurance promoted Frank Best and Ann-Marie Mason to general counsel, splitting the company’s top legal job along business unit lines.

Mason will be the Philadelphia-based company’s general counsel of asset management and broker/dealer, and will oversee Penn Mutual’s subsidiaries, including brokerage firm Horner, Townsend & Kent, and handle federal regulatory compliance.

Best was promoted to general counsel of insurance and corporate secretary, a similar title as his previous role but with expanded responsibilities. He now oversees Penn Mutual’s insurance units, including compliance with state regulations.

These new, expanded roles reflect the company’s growth and need for “laser-focused” ...