WASHINGTON—American Council of Life Insurers (ACLI) President and CEO Susan Neely issued the following statement on the New York Department of Financial Services (DFS) initiative to increase diversity in insurance company leadership. Superintendent Linda Lacewell announced the plan today at the Diversity, Equity and Inclusion Conference: Expanding Opportunities, which is sponsored by ACLI, the American Property Casualty Association and the Life Insurance Council of New York:

“ACLI supports the New York department’s initiative to increase diversity among board of directors and executive leadership of life insurance companies.  ACLI was among the first associations to have 100 percent of its Board of Directors commit to the CEO Action Pledge to build more diverse and inclusive workplaces. We look forward to working with Superintendent Linda Lacewell, Executive Deputy Superintendent My Chi To, and DFS to advance this important goal.”

The American Council of Life Insurers (ACLI) is the leading trade association driving public policy and advocacy on behalf of the life insurance industry. 90 million American families rely on the life insurance industry for financial protection and retirement security. ACLI’s member companies are dedicated to protecting consumers’ financial wellbeing through life insurance, annuities, retirement plans, long-term care insurance, disability income insurance, reinsurance, and dental, vision and other supplemental benefits. ACLI’s 280 member companies represent 95 percent of industry assets in the United States.

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