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Shenandoah Life names new president and CEO

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Paul Mistretta has been named president and CEO of Roanoke-based Shenandoah Life Insurance Co. and president of Prosperity Life Insurance Group LLC, Shenandoah Life’s parent company. He will replace Hans L. Carstensen III as president and CEO of Shenandoah Life.

Mistretta was previously executive vice president of American General Life and senior vice president of Genworth’s Lynchburg operation.

Shenandoah Life Insurance Co. has $7.5 billion of insurance in-force, approximately $1.3 billion in assets, and more than 145,000 policies.

Prosperity is a life insurance holding company formed in 2010 by investment funds managed by Reservoir Capital Group and Black Diamond Capital Partners.

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