Classified in: health, business
CARMEL, Ind., Oct. 26, 2023 /PRNewswire/ — CNO Financial Group, Inc. (NYSE: CNO) today appointed Karen Dettoro as President of the Worksite Division and Jeremy Williams as Chief Actuary, effective January 1, 2024. Detoro and Williams will report to Gary C. Bhojwani, Chief Executive Officer.
DeToro, currently CNO’s Chief Actuary, is a seasoned insurance and financial services industry leader with nearly 30 years of experience in strategy, individual and group insurance product management, technology enablement, actuarial and finance. She replaces Michael Byers, who is retiring as CNO early next year.
“Over the past several years, CNO has expanded our worksite offerings as a comprehensive provider of personalized employee benefits solutions,” said Bhojwani. “Karen’s appointment to lead our Worksite division reflects her strong leadership, deep knowledge of CNO’s businesses, and strong understanding of the employee benefits and voluntary benefits space. As we continue to grow our Worksite business, Karen “The company’s track record of solid execution and supporting profitable growth will position us to further advance our strategic workplace priorities.”
“I thank Mike for his many contributions to CNO,” said Bhojwani. “He has been instrumental in integrating our Worksite capabilities and successfully launching our Optavis brand in 2022. CNO’s Worksite business is well-positioned to support our national and regional recruiters, brokers and career agents. We wish Let’s hope Mike continues his success in retirement.”
Williams, who joined CNO in 2003, has held numerous actuarial senior leadership roles during his nearly 20-year career with the company. He most recently was the company’s senior vice president of valuation.
“Jeremy brings a deep understanding of CNO’s products and customers to the chief actuary role, including significant experience across our life, health and annuity segments of the business,” Bhojwani said. “His nearly 25 years of end-to-end actuarial experience and strong business acumen will enhance our strong capabilities to deliver uniquely designed products and solutions to our middle-income consumers and workplace clients.”
In his new role, Williams will form part of the company’s executive leadership group. DeToro has been a member since joining CNO in 2019.
Detoro has served as CNO’s chief actuary since 2019. He has nearly 30 years of experience in insurance, financial services and consulting, having previously held roles at New York Life, Deloitte Consulting, Allstate Financial and EY. He earned a bachelor’s degree in mathematics and English literature from Butler University and an MBA with concentrations in finance, managerial economics, strategy, and organizational behavior from Northwestern University’s Kellogg Graduate School of Management.
Williams, currently CNO’s senior vice president of evaluation, joined CNO in 2003. During his time with the company, he has held several roles of increasing responsibility, including vice president of life and annuity valuation and vice president of health valuation and projection. He began his career as an actuary with American General Finance in 1999. Williams has a bachelor’s degree in mathematics and economics from the University of Southern Indiana. He is a Fellow of the Society of Actuaries (FSA), a Member of the American Academy of Actuaries (MAAA), and a Chartered Enterprise Risk Analyst (CERA).
About CNO Financial Group
CNO Financial Group, Inc. (NYSE:CNO) secures the future of middle-income America. CNO provides life and health insurance, annuities, financial services and workforce benefits solutions through our family of brands, including Bankers Life, Colonial Penn, Optavis and Washington National. Our clients work hard to save for the future, and we help protect their health, income and retirement needs with 3.2 million policies and $34 billion in total assets. Our 3,400 associates, 4,600 exclusive agents, and more than 4,000 independent partner agents guide individuals, families, and businesses through financial decisions throughout their lives. Visit CNOinc.com for more information.
Source CNO Financial Group, Inc.
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News published and distributed on 26 October 2023 at 09:15: