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This profile was last updated on 7/31/15  and contains information from public web pages.

Esfand E. Dinshaw

Wrong Esfand E. Dinshaw?


Phone: (214) ***-****  HQ Phone
Local Address:  West Des Moines , Iowa , United States
Sammons Enterprises , Inc.
5949 Sherry Lane Suite 1900
Dallas , Texas 75225
United States

Company Description: Established in 1962, with roots dating back to 1938, Sammons Enterprises is a privately-held, diversified holding corporation that owns and operates businesses...   more

Employment History

Board Memberships and Affiliations


  • Drake University
23 Total References
Web References
Sammons Financial Group | Sammons Enterprises Inc., 31 July 2015 [cached]
Esfand Dinshaw is president of Sammons Enterprises, Inc., and serves on the Sammons Enterprises, Inc. Board of Directors and Executive Committee. Esfand also serves as chairman and chief executive officer for Sammons Financial Group. He has 30 years of experience in the insurance industry. Esfand is past chairman of the board for LL Global, parent organization of LIMRA and LOMA, the leading insurance industry associations. He currently serves on the ACLI Board of Directors, the insurance advocacy association. Esfand joined Sammosn Financial Group in 1999, he is a graduate of Drake University.
WEST DES MOINES, IA -- (Marketwire) ..., 1 Mar 2010 [cached]
WEST DES MOINES, IA -- (Marketwire) -- 03/01/10 -- Sammons Financial Group announces Esfand Dinshaw has been named Chief Executive Officer of Sammons Financial Group.
Esfand Dinshaw will have the senior business leaders from each of the member companies of Sammons Financial Group reporting to him including; Ron Ottenbacher, Senior Vice President, Sammons Corporate Markets - Fargo, ND, Steve Palmitier, President Midland National Life - Sioux Falls, SD and North American Company - Chicago, IL, and Chief Executive Officer of Sammons Securities, and Cindy Reed, President, Sammons Annuity Group - Des Moines, IA and President Sammons Securities.
Additionally two senior leaders of Sammons Financial Group; Michael Haley, Senior Vice President Human Resources - Chicago, IL, and Rob Tekolste, Executive Vice President of Operations - Sioux Falls, SD will report to Dinshaw.
Dinshaw joined Midland National Life Insurance Company in 1999. He was a principal leader on the team that built Midland National and North American's annuity business from a start up to a $19 billion plus asset business. He was promoted to President of Sammons Annuity Group in 2006.
"Esfand Dinshaw brings the right skill set to lead Sammons Financial Group as one of the premier financial companies," said Mike Masterson.
"Esfand's proven leadership skills and extensive industry experience are a great fit to lead Sammons Financial Group in the coming years. I am confident in Esfand's ability to lead Sammons Financial Group and build on the momentum to grow the business by offering the best in financial resources and services, and help our agents and distributors be successful," added Mr. Masterson.
We are dedicated to delivering quality life insurance and annuity products with superior service," said Mr. Dinshaw.
We are fortunate to have an individual of Cindy's caliber to lead Sammons Annuity Group," said Mr. Dinshaw.
2014 Board of Directors, 24 April 2014 [cached]
Esfand E. Dinshaw, LLIF
Esfand Dinshaw, President of ..., 15 Dec 2008 [cached]
Esfand Dinshaw, President of Midland National's Annuity Division, stated: "Midland National has always been an industry leader in adopting protections that help assure each annuity contract is suitable for the customer. To help assure that sales are proper, Midland National has, for a long time, had suitability review procedures and a dispute resolution process unique among insurance companies. Any customer who believes that he or she purchased an inappropriate annuity contract has always been able to ask us to review his or her claim. Midland National entered into the settlement agreement because the agreement is consistent with Midland National's procedures."
"Midland National strongly disputed and continues to dispute the Minnesota Attorney General's Office's investigation and lawsuit against Midland National," Mr. Dinshaw continued. "Midland National has been and remains committed to offering quality products through proper sales processes. We simply did not see the merit in proceeding with litigation when our efforts can be better spent working with our customers in these unique times."
Mr. Dinshaw stated: "We believe Midland National deferred annuity products are excellent retirement and savings vehicles that have protected many seniors from the recent market downturn. Deferred fixed annuities are appropriate for people seeking to preserve assets, while obtaining a steady stream of income. Many of our customers have maintained their full account values and some have even seen gains in their accounts during the recent downturn. We are proud that our products have protected the assets of many customers who might otherwise have suffered staggering losses in the equities markets."
Mr. Dinshaw concluded: "The settlement is expected to have no significant impact on Midland National and no adverse impact on its policyholders in Minnesota."
Sammons: images/Esfand Dinshaw Bio, 11 Dec 2011 [cached]
Esfand E. Dinshaw Sammons: images/Esfand Dinshaw Bio
Esfand E. Dinshaw joined Midland National Life Insurance Company in 1999 as Vice President - Operations. In that role, Esfand was a principal leader on the team that built Midland National's annuity business from a start-up to a $19 billion plus asset business. He was promoted to the position of Sammons Annuity Group President in 2006. In 2009 he was promoted to Chief Executive Officer of Sammons Financial Group with responsibility for the life insurance, annuity and corporate market product lines.
Esfand graduated from Drake University in 1982 with a degree in Actuarial Science and received his FSA (Fellow of the Society of Actuaries) in 1988. He's held officer positions at Equitable Life of Iowa, American Life & Casualty and Conseco prior to joining the Sammons family of companies. His background includes various actuarial and non-actuarial positions.
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