Wednesday, February 28, 2018

Former Sammons Financial Group CEO John Watson Passes Away

Former CEO and Chairman of Sammons Financial Group John C. “Jack” Watson passed away on January 24, 2018. He joined Midland National in 1992 as President, CEO, and Chairman, and when Sammons Financial Holdings (later renamed Sammons Financial Group) was established four years later, Watson was named Chairman and CEO. He served in these roles for eight years, retiring in 2000.

During his tenure, Midland National celebrated its 90th anniversary in 1996 and commemorated reaching $50 billion of life insurance in force. Under Jack’s leadership, Midland National increased its life insurance in force from $42.3 billion to $69.3 billion. “Jack had a huge impact on the company,” said Mike Masterson, former SFG Chairman and CEO, and currently on the board of directors for Midland National® Life Insurance Company and North American Company for Life and Health®. “He was responsible for changing the culture and helped set the stage for the significant growth the company has experienced over the last 20 years.” Read more about Jack’s leadership.