Mr. Quaranto is CEO & President of Boston Mutual Life Insurance Company

The American Council of Life Insurers (ACLI) today elected its new Chair, officers and Board of Directors during the 2023 ACLI Annual Conference.

Paul A. Quaranto, Jr., Chairman, CEO & President of Boston Mutual Life Insurance Company, was named ACLI Chair for 2024. He succeeds Andy Sullivan, Executive Vice President, Head of International Businesses & Global Investment Management for Prudential Financial, Inc., who will serve as ACLI Immediate Past-Chair for the coming year.

ACLI also selected Rich Bielen, President& CEO of Protective Life Corporation as Chair-Elect. He will become ACLI Chair in September 2024. Teresa J. Rasmussen, President & CEO of Thrivent, was named Chair-Elect Designate and will become ACLI Chair in October 2025.

ACLI member companies serve the financial protection and retirement security needs of 90 million families. The Chair and Board of Directors lead the association and its efforts to advance public policies that make certain all Americans have the products and information they need for financial certainty and peace of mind.

“For more than 175 years, life insurers have been there for American families, providing certainty and financial stability even in the darkest of times,” said ACLI President & CEO Susan Neely. “At the height of the COVID-19 pandemic, we were there for beneficiaries of life insurance policies, paying a record $100 billion in benefits. We were there for annuity holders, with nearly $98 billion in benefit payments. And we were there for people who, seeking peace of mind, purchased almost 48 million life insurance policies. Under Paul and the board’s leadership, ACLI and its life insurance company members will continue to advocate for public policies that help make certain all Americans can access a secure financial future.”

Serving on the ACLI Board of Directors through 2024 are:

Gary Bhojwani, CEO, CNO Financial;
Roger Crandall, Chairman, President & CEO, MassMutual;
Esfand Dinshaw, Chairman & CEO, Sammons Financial;
Kevin Hogan, President & CEO, Corebridge Financial;
Andrew McMahon, CEO & President, Guardian;
Margaret Meister, CEO & President, Symetra Financial;
Joseph Monk, Senior Vice President, Financial Services, President & CEO, SFFSB, State Farm;
Neil Sprackling, CEO, Life & Health Re U.S., Swiss Re;
William Wheeler, Vice Chairman, Athene.

Serving on the ACLI Board of Directors through 2025 are:

Darryl Button, President & CEO, Pacific Life;
Ellen Cooper, President & CEO, Lincoln Financial;
Craig DeSanto, President & CEO, New York Life;
Marc-Andre Giguere, President & CEO, Munich Re U.S.;
Daniel Houston, Chairman, President & CEO, Principal Financial;
Jasmine Jirele, President & CEO, Allianz Life;
Allan Levine, Chairman & CEO, Global Atlantic Financial Group;
Eric Steigerwalt, President & CEO, Brighthouse Financial;
Brooks Tingle, President & CEO, John Hancock Insurance.

Serving on the ACLI Board of Directors through 2026 are:

Gumer Alvero, President, RiverSource Insurance and Annuities, Ameriprise Financial;
Mehran Assadi, Chair, CEO & President, National Life Group;
Frederick Crawford, President & COO, Aflac;
Will Fuller, President & CEO, Transamerica;
Ronald Herrmann, Executive Vice President & Head, U.S. & Latin American Markets, RGA
Reinsurance Company;
Nick Lane, President, Equitable;
Laura Prieskorn, CEO, Jackson;
Rob Reed, Jr., President & CEO, Physicians Life;
Peter Schaefer, President & CEO, Hannover Re.

Source: ACLI