Jerry Pennella of Andesa Appointed Chairperson of COLI Directors

Allentown, PA – August 19, 2025 – Andesa is pleased to announce that Account Executive Jerry Pennella has been appointed Chairperson of the COLI Directors. Pennella succeeds Raza Zaidi of Lincoln Financial, who served in the role for the past two years.

The COLI Directors organization offers a collaborative forum for leaders across the financial services industry to share insights, influence market direction, and promote excellence in COLI program management.

With extensive market experience and a proven record of supporting clients in the Advanced Markets sector, Pennella offers strategic insight and strong leadership for the role. His appointment highlights Andesa’s mission to improve best practices and assist carriers and sponsors through a dynamic, evolving industry landscape.

“It’s an honor to serve as Chairperson of the COLI Directors,” said Jerry Pennella. “As our industry continues to progress, we need to promote awareness, preserve integrity, and support innovation to ensure the long-term success of COLI and BOLI programs.”

Andesa congratulates Jerry on this well-deserved recognition. His leadership ensures Andesa remains at the forefront of the industry and a trusted partner in the COLI, ICOLI, and BOLI landscape.

About Andesa
Andesa is a leading, employee-owned provider of policy lifecycle solutions for Advanced Market life insurance and annuities. We deliver modern, cloud-based transaction management and recordkeeping systems that help carriers and providers streamline administration, reduce risk, and respond confidently to market changes. Backed by over forty years of industry expertise and a commitment to data security, Andesa’s flexible, end-to-end solutions empower our partners to launch and manage financial protection products with greater accuracy and agility.

Let’s Talk
To learn more about Andesa’s policy lifecycle solutions and leadership in COLI administration, contact our team today or call (610) 821-8980.