What’s New In American Council Of Life Insurers For Metlife Chairman?

By Patrick Cooper Posted in Life Insurance News

American Council Of Life Insurers Conference

This October, the American Council of Life Insurers also known as the ACLI held its annual conference in Washington entitled Foundation for the Future. This council is a trade association whose members consist of insurance companies that provide retirement and financial security. The ACLI’s 340 members hold a staggering 93 percent of the total US life insurance industry’s assets.

President/CEO Of MetLife Elected As New Chairman For The ACLI

At the recent conference, the ACLI elected its new chairman and board of directors for 2010. The current president and CEO of MetLife, C. Robert Henrikson, was voted in as ACLI’s new chairman. He will hold this position from now until October 2010. Further, the Chairman, CEO, and President of Genworth Financial, Michael D. Fraizer, was elected as the chairman-elect at the conference. Fraizer will take over as ACLI’s chairman in October of next year after Henrikson finishes his term. President and COO of National Financial Services, Mark R. Thresher, was also voted in as ACLI’s chairman-elect designate. Thresher will serve as chairman of ACLI starting in October 2011.

CEO Of ACLI, Frank Keating, Supports New Chairman

The current president and CEO of the American Council of Life Insurers, Frank Keating was quoted as saying, “Rob Henrikson’s outstanding leadership is most welcome as our nation continues to work through the financial crisis. His expertise and commitment to the future of the life insurance industry will help guide ACLI through these difficult times.”

Members that will serve on the ACLI’s Board of Directors through 2012 were also voted in at the Foundation for the Future Conference.

The new Chairman and Board of Director’s members are now in charge of setting new policies and guiding the American Council of Life Insurers through what is proving to be a financially difficult time for both customers and the insurance industry. These new leaders backed by the ACLI will represent the life insurance industry at state and federal levels, as well as in courts.

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