MIB Elects New Chairman, Vice Chairman and Three New Directors to its Board
Braintree, MA. (May 13, 2013) - MIB Group, Inc., the life and health insurance industry's most trusted resource for underwriting information and analytical services, is pleased to announce the election of its Chairman and Vice-Chairman of the Board of Directors for 2013-14 and the election of three new directors, all of whom are highly-experienced insurance industry veterans serving as senior officers of MIB member companies. As a membership corporation, MIB's Board is composed of 12 volunteer directors, each of whom represents one member from among MIB's 450 North American member insurance companies, and one internal director, MIB's President and Chief Executive Officer.
Effective May 10th, Elizabeth H. MacGowan, FSA, MAAA, Vice President and Chief Life Product Officer of National Life Group will succeed Timothy A. Walsh, President and Chief Executive Officer of Farm Family Life Insurance Company and its affiliates as Chairman of the Board. Thomas F. English, Senior Vice President, Deputy General Counsel and Chief Insurance Counsel at New York Life Insurance Company will serve as MIB's new Vice-Chairman. Mr. Walsh will remain on the MIB Board of Directors as Immediate Past Chair.
Elected to three-year terms on the MIB Board of Directors starting May 2013 will be Michael Bishop, FSA, MAAA, Exchange Market Lead, WellPoint, Inc.; Jeff Carlson, FLMI, Executive Vice President and Head of Operations for AIG's Life and Accident & Health business; and Robert N. Trunzo, President of CUNA Mutual Group Insurance and Financial Services.
"We are honored to have these highly-skilled industry leaders joining MIB's Board," said Lee B. Oliphant, President and CEO of MIB Group, Inc. "Each new director brings years of industry experience and market knowledge that will assist MIB in further strengthening its position as an industry leader. I also wish to thank our outgoing Chairman Tim Walsh for his important contributions to MIB during his tenure and I am pleased he will continue on as a member of the MIB Board," continued Oliphant.
Ms. MacGowan first joined the MIB Board in 2010 and will serve as its new Chairman, 2013-2014. As Vice President and Chief Life Product Officer at National Life Group, she leads a team of actuaries and technical analysts responsible for life insurance product strategy, design, pricing and implementation. National Life Group is a leader and innovator in indexed universal life products and is currently ranked 5th in indexed life sales in the industry.
Mr. English joined the MIB Board in 2011 and will serve as its new Vice-Chairman, 2013-2014. As Senior Vice President, Deputy General Counsel and Chief Insurance Counsel for New York Life Insurance Company, he is responsible for units that provide legal advice to the company's Insurance Group and Agency Department. Mr. English served as President of the Association of Life Insurance Counsel (ALIC) this past year.
Mr. Bishop begins his term on the MIB Board in May 2013. As Exchange Market Lead for WellPoint, Inc., he is responsible for leading WellPoint's post-healthcare reform business strategy focused on building the products, networks and risk management capabilities required to compete effectively in the new health insurance marketplaces. Immediately prior, Mr. Bishop was Staff Vice President of Underwriting for all 14 of WellPoint's Blue Cross Blue Shield branded businesses.
Mr. Carlson begins his term on the MIB Board in May 2013. As Executive Vice President and Head of Operations for AIG's Life and Accident & Health business, he is responsible for building a world-class operations platform supporting their Life and A & H business and distribution organization including oversight of the One Life transformation project. Mr. Carlson has served as Chairman of the Board of American General's business processing center, and has been an active member of the ACORD Life Steering Committee and the LOMA CIO Council.
Mr. Trunzo begins his term on the MIB Board in May 2013. As President of CUNA Mutual Group Insurance and Financial Services, he is responsible for the products, distribution and services of the company's extensive U.S. credit union businesses as well as its 401(k) business, a market leader in small business retirement services. Previously, he served as Wisconsin Secretary of Commerce under Governor Tommy Thompson. Mr. Trunzo currently serves on the U.S. Chamber of Commerce Board of Directors, and sits on the American Council of Life Insurers' CEO Steering Committee on Retirement and Financial Security.
MIB is the life and health insurance industry's most trusted resource for underwriting information and analytical services. Owned by the industry it has served for more than a century, MIB is uniquely positioned to aggregate industry insights in order to develop products and services for its members that improve their risk management decisions. MIB, Inc. and MIB Solutions, Inc. are wholly-owned subsidiaries of the MIB Group, Inc. (www.mibgroup.com).
David O. Aronson
MIB Group, Inc.