AEGON USA President & CEO Patrick S. Baird to Chair ACLI
Washington, D.C. (Oct. 20, 2008) – The American Council of Life Insurers (ACLI), whose member companies provide financial and retirement security to millions of consumers, elected its 2009 chairman and Board of Directors today at its 2008 Annual Conference, Strength in Times of Change.
Elected as chairman was Patrick S. Baird, President & CEO, AEGON USA. Mr. Baird will serve as chairman for one year.
“Pat’s knowledge and experience as an industry leader will be a great asset to our Board,” said ACLI President & CEO Frank Keating. “These qualities and his strong understanding of the intricate issues affecting Americans’ retirement and financial security will be invaluable to ACLI and our member companies in the year ahead.”
ACLI also elected C. Robert Henrikson, Chairman, President & CEO, MetLife, to its chairman-elect position. He will assume the chairmanship in October 2009. ACLI’s chairman-elect designate post was awarded to Michael D. Fraizer, Chairman, President & CEO, Genworth Financial. He will take over as ACLI chairman in October 2010. Dennis R. Glass, President & CEO, Lincoln Financial Group, will serve as ACLI Immediate Past Chairman in the coming year.
The chairman and Board of Directors set policy and guide the actions of the association, which represents the life insurance industry in Washington, D.C., and the states.
Serving on ACLI’s Board through 2011:
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Gary C. Bhojwani, President & CEO, Allianz Life Insurance Company of North America;
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Christopher M. Condron, Chairman, President & CEO, AXA Equitable;
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Patrick A. Cozza, President & CEO, HSBC Insurance;
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Michael G. DeKoning, President & CEO, Munich American Reassurance Company;
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James E. Hohmann, President & CEO, Allstate Financial;
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John H. Jacobs, President & CEO, UNIFI Companies;
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Dennis L. Johnson, President & CEO, United Heritage Life Insurance Company;
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L. John Pearson, Chairman, President & CEO, The Baltimore Life Insurance Company;
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Dona D. Young, Chairman, President & CEO, The Phoenix Companies.
Serving on ACLI’s Board through 2010:
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John D. Johns, Chairman, President & CEO, Protective Life Corporation;
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Patrick A. Mannion, Chairman, President & CEO, Unity Mutual Life Insurance Company;
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James T. Morris, Chairman, President & CEO, Pacific Life Insurance Company;
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Stuart H. Reese, Chairman, President & CEO, MassMutual Financial Group;
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Thomas R. Watjen, President & CEO, Unum;
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W. Weldon Wilson, Chief Executive Officer, Swiss Re Life & Health America Inc.;
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Larry D. Zimpleman, President & CEO, Principal Financial Group;
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Edward J. Zore, President & CEO, The Northwestern Mutual Life Insurance Company.
Serving on ACLI’s Board through 2009:
- John F. Barrett, Chairman, President & CEO, Western & Southern Financial Group;
- James M. Cracchiolo, Chairman & CEO, Ameriprise Financial, Inc.;
- Dennis J. Manning, President & CEO, The Guardian Life Insurance Company of America;
- Rodney O. Martin, Jr., COO, AIG Worldwide Life Insurance, Chairman, AIG American General, Chairman & CEO American Life Insurance Company;
- Michael M. Masterson, Chairman & CEO, Sammons Financial Group;
- Theodore Mathas, President & CEO, New York Life Insurance Company;
- Donald A. Stewart, Chief Executive Officer, Sun Life Financial, Inc.;
- John R. Strangfeld, Chairman & CEO, Prudential Financial;
- Peter L. Tedone, President & CEO, VantisLife Insurance Company.
ACLI represents life insurers’ interests on a wide range of topics at both the federal and state levels. In addition, ACLI represents the industry before the courts and aggressively promotes the role life insurers play in the retirement and financial security of millions of Americans as well as the nation’s economic well being.
“The life insurance industry’s financial strength and commitment to consumers are the foundation of America’s financial security. For over 200 years, we have provided Americans with peace of mind while helping them plan for a safe and secure future for themselves and their families,” says Keating. “With strong leadership from our Board, ACLI is prepared to help life insurers continue their mission to provide Americans with retirement and financial security for life.”
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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.