Washington, D.C. (May 15, 2008) – Monica Hainer, Chief Executive Officer of London Life Reinsurance Company in Blue Bell, PA, is the 2008 recipient of the ACLI Forum 500's Distinguished Service Award. She received the award at the Forum 500's Leadership Retreat in Washington, D.C. on May 14.
The award is presented to an individual whose work has greatly contributed to the life insurance industry, especially to small and medium-sized life insurance companies, which the Forum 500 represents.
“Monica is a true leader. Her hard work and dedication has done much to advance the goals of ACLI and its members, and in particular small and mid-size companies,” said Frank Keating, ACLI President and CEO. “Well-liked and respected by her peers, her character epitomizes life insurers’ dedication to helping Americans achieve financial and retirement security.”
Ms. Hainer joined London Life Insurance Company in 1988 as Vice President, Reinsurance. In 1995, she was chosen to lead the U.S. operation of the London Reinsurance Group via London Life Reinsurance Company. She is also Senior Vice President of Life Reinsurance for Canada Life, and Managing Director of London Life and General Reinsurance Co., Ltd., which are affiliated companies.
Ms. Hainer is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries as well as a member of the American Academy of Actuaries. She is on the Board of Governors of the ACLI Forum 500 and was the Board’s Chairwoman in 2006. She served on ACLI’s Board of Directors from 2000 to 2002 and again from 2005-2007. She also serves on ACLI’s Reinsurance Committee and was the committee’s Chair from 2001 to 2002.
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The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association whose 353 member companies account for 93 percent of the life insurance industry’s total assets in the United States, 93 percent of life insurance premiums and 94 percent of annuity considerations. In addition to life insurance and annuities, ACLI member companies offer pensions, including 401(k)s, long-term care insurance, disability income insurance and other retirement and financial protection products, as well as reinsurance. ACLI's public Web site can be accessed at www.acli.com.