JAB Insurance appoints new CEO for Prosperity Life Group

JAB Insurance has named Michael Ferik as CEO of Prosperity Life, effective October 15, 2025. He will succeed Nicholas von Moltke who served as CEO over the past six years and will shift into a role as Senior Advisor to Anant Bhalla, Executive Chairman of JAB Insurance, to support a smooth transition.

Ferik joins Prosperity Life Group from Guardian Life Insurance Company, where he led the retail businesses for life and disability insurances, annuities, wealth management, and the Guardian proprietary distribution channel. He recently served as Executive Vice President at Guardian, including five years as Head of Individual Markets and four years as Chief Financial Officer. Prior to Guardian, Ferik served as Senior Vice President and Head of the Life Insurance Practice at Axa Equitable, and earlier in his career, he worked on insurance and actuarial teams at McKinsey & Company, OUB Manulife, and Manulife Financial.

“Michael brings a strong track record of disciplined growth across products and distribution, deep technical expertise, and an ability to build a ‘people-first’ culture. He will partner with our JAB Insurance team to scale Prosperity into a leading U.S. retail insurance platform. In parallel, the JAB Insurance team will pursue opportunities in institutional businesses, reinsurance, and other platform investments both domestically and internationally. Under Nick’s stewardship, Prosperity grew into an insurer with over $25 billion of assets backing policyholder promises, secured strong and durable credit ratings with a stable outlook, and is servicing nearly one million policyholders in the U.S. I look forward to Prosperity’s next chapter and continuing to work with Nick in his new role.” – Anant Bhalla

“I am excited to lead the strong team at Prosperity Life as part of the JAB Insurance ecosystem. We will focus on Prosperity’s next phase of profitable growth and on delivering value to policyholders and partners.” – Michael Ferik.