BRAINTREE, Mass., May 17, 2019 /PRNewswire/ -- MIB Group, Inc., the life and health insurance industry's most trusted and secure resource for data-driven, risk management services is pleased to announce the election of its new Chairman and Vice Chairman of the Board of Directors for 2019-20 and the election of two 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 represent one member from among MIB's 400 North American member insurance companies, and one internal director, MIB's President and Chief Executive Officer.
Effective with the May 17th Board meeting, James E. Hohmann, President and Chief Executive Officer of Members Mutual Holding Company (Fidelity Life Association) will become Chairman, thereby succeeding David Acselrod, Head of Strategic Transformation and MassMutual Wealth Partners of the Massachusetts Mutual Life Insurance Company, who will remain on the MIB Board of Directors as Immediate Past Chair. Michael C.S. Fosbury, President and Chief Executive Officer of Columbian Mutual Life Insurance Company will begin his service as Vice Chairman.
Newly elected to three-year terms on the MIB Board of Directors this May are Bruce Baude, Executive Vice President, Chief of Operations and Technology Officer, CNO Financial Group, Inc. (Colonial Penn, Bankers Life and Washington National) and David Chadwick, President, Primerica Life Insurance Company. Reelected to a second three-year term on the MIB Board is Dean Del Vecchio, Executive Vice President, Chief of Operations and Chief Information Officer for The Guardian Life Insurance Company of America.
"I'm honored to work alongside these talented and visionary industry leaders," said Lee B. Oliphant, President and Chief Executive Officer of MIB Group, Inc. "MIB Board members provide keen insights into the life and health insurance industries and invaluable strategic guidance on the evolving needs of our members," said Oliphant. "I would also like to thank our outgoing Chairman David Acselrod for his leadership and passion. I am pleased that he will remain an officer of the MIB Board by serving as Immediate Past Chair."
Mr. Hohmann joined the MIB Board in 2017 and will serve as its new Chairman, 2019-2020. He is President and Chief Executive Officer of Members Mutual Holding Company. Starting his career as an actuary, Mr. Hohmann worked for Peat Marwick (now KPMG) and Tillinghast and Towers Perrin (now Willis Towers Watson), where he was Managing Principal of the Chicago life office. He has spent the last 15 years in top executive roles including President of Conseco (now CNO Financial), President, and CEO of Allstate Financial and most recently as President and CEO of FBL Financial.
Mr. Bruce Baude will begin his term on the MIB Board in May 2019. Mr. Baude is Executive Vice President, Chief Operations and Technology Officer of CNO Financial Group. In this role, he provides strategic leadership over CNO's operations and IT functions. Mr. Baude was previously Chief Operating Officer at Univita Health and Chief Executive Officer of LTCG, the industry's largest third- party administrator for long-term care insurance. Mr. Baude serves on the national Board of Directors of the Alzheimer's Association.
Mr. David Chadwick will begin his term on the MIB Board in May 2019. He is President of Primerica Life Insurance Company. Mr. Chadwick started his career at Primerica Life in 1983 in Underwriting as a case underwriter. He went on to become the President of the Georgia Association of Underwriters and Chief Underwriter for Primerica. Thereafter, he spent some time in Product Development, moved up the organization to head New Business, and then became President in 2013. Mr. Chadwick is also a member of the Board of Directors of three other Primerica affiliates.
About MIB MIB is the life and health insurance industry's most trusted and secure resource for data-driven risk management services that protect the financial integrity of its members and address their evolving needs. Owned by its members, MIB is uniquely positioned to securely collect and analyze confidential data. MIB services help to detect fraud, errors and omissions on insurance applications; to analyze industry data needed to manage a variety of financial risks; and to make regulatory reporting compliance less onerous and more efficient. As the life insurance industry's experience reporting agent, our MIB Solutions, Inc. subsidiary cost-effectively performs annual data calls for insurers subject to principles-based reserving. MIB Group, Inc., a membership corporation, provides services through its wholly-owned operating subsidiaries, MIB, Inc. and MIB Solutions, Inc. For more information, visit www.mibgroup.com.