The American Life Insurance Congress, Ltd., adopted a Mission Statement and elected its founding Board of Governors at a meeting held on July 27, 2007 in New York. The American Life Insurance Congress (A.L.I.C.) a 501(c)(6) not-for-profit trade group, has set as its mission the operation of a true congress representing every sector of the life insurance industry and has invited industry leaders to join in the effort.
New York, NY (PRWEB) July 31, 2007 -- The American Life Insurance Congress, Ltd., adopted a Mission Statement and elected its founding Board of Governors at a meeting held on July 27, 2007 in New York. The American Life Insurance Congress (A.L.I.C.) a 501(c)(6) not-for-profit trade group, has set as its mission the operation of a true congress representing every sector of the life insurance industry and has invited industry leaders to join in the effort, according to Mr. Mark Ross, Chairman & CEO of ALIC and President of Mark Ross and Company, Inc.. Mr. Ross stated, "Our mission is generally unique in the world of associations as we endeavor to provide systematically and architecturally for the free exchange of ideas drawn from the broadest range of views. This will result in dynamically informed opinions from the full spectrum of market participants and other entities functioning in today's American life insurance enterprise."
According to Mr. Ross "We are assembling the most innovative and accomplished thinkers and leaders in the life insurance and other business sectors to realize the purposes of this endeavor: to provide a state-of-the-art resource to legislators and regulators and their respective staffs, to carriers, reinsurers, life insurance brokerage intermediaries, settlement brokers, providers and secondary market investors as well as clients and their respective professional advisors."
According to the Hon. Peter Molinaro President & COO of ALIC and former Senior Deputy Superintendent of Insurance in New York State, A.L.I.C.'s agenda is being advanced at a most opportune time: "After years serving as a regulator and attending meetings of regulators, legislators and industry officials, I am sure that our mission will serve a critical purpose at this particular time in the development of the life insurance industry and the growing secondary life market. From the definition and understanding of certain products to the advocacy of adequate and fitting regulation, the ALIC will perform an exceptional service for this industry," Mr. Molinaro stated.
The mission statement of the association as adopted is as follows:
The American Life Insurance Congress (A.L.I.C.) is a nonprofit organization (501)(c)(6) conceived to serve and consist of all major constituencies participating in the American life insurance industry. A.L.I.C. is dedicated to the independent research and deliberation of critical issues in the life insurance marketplace and to providing a forum for all market participants to exchange ideas and views. A.L.I.C. seeks to foster integrity in business practices, informed regulation and education of participants in the innovative and evolving life insurance market. Together with its research, development and best practices objectives, the Congress distributes its research finds, white papers, task force reports, committee transactions, exposure drafts, journals, periodicals and commissioned studies. The Congress conducts forums, conventions and symposia regionally and nationally for its membership, subscription base, and the general public. The ALIC is firmly committed to the use of the most innovative and advanced technologies available, including interactive modes, to serve its members and its broader constituencies, including subscribers, most effectively.
As suggested by our institutional symbol, a congressional edifice, the American Life Insurance Congress strives, in fact, to be precisely such a representative body; a congress for the American life insurance industry. As such, its members, representing the full spectrum of industry interests, deliberate and vote upon selected referenda developed as a result of the collaborative enterprise of A.L.I.C.'s several committees and task force and approved by its governing board.
It is the firm belief of the founding Board of Governors of the A.L.I.C. that the outcome of such a voting format will reflect an unprecedented diversity of opinion and experience and, thus, provide for the highest order of intellectual substance and moral suasion.
The members of the board of governors elected at the meeting were:
Mark E. Ross
Chairman & Chief Executive Officer
President
Mark Ross & Co., Inc.
Hon. Peter J. Molinaro
President & Chief Operating Officer
Former New York State
Sr. Deputy Superintendent of Insurance
Harry P. Kamen
Vice Chairman
Former Chairman & Chief Executive Officer
Met Life, Inc.
James J. Rhodes
Chief Executive Officer & Director
San Pasqual Fiduciary Trust Co.
Gary Brecka
President & Chief Executive Officer
Life Asset Group, LLC
Steve Acunto
President & Chief Executive Officer
CINN Group, Inc.
Publisher, Insurance Advocate (1986-2005)
Lt. General Martin R. Steele (Ret.)
Former Deputy Chief of Staff,
Policy, Plans and Operations
Chief Operating Officer
United States Marine Corps.
Also named were: Senior Advisor to the Chairman of the Board
Hon. Gregory Serio
Former New York State Superintendent of Insurance
General Counsel
Ira Millstein
Chairman
Weil, Gotshal & Manges, LLP
For further information contact Steve Acunto, CINN Worldwide, Inc., 914 966 3180 ext. 110
###
Trackback URL: http://www.prweb.com/pingpr.php/SW5zZS1aZXRhLVpldGEtU3F1YS1UaGlyLVplcm8=
|
