CARMEL,
Ind., Oct. 26, 2023 /PRNewswire/ -- CNO
Financial Group, Inc. (NYSE: CNO) today named Karen DeToro as president, 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 is
succeeding Michael Byers, who is
retiring from CNO early next year.
"In the past several years, CNO 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 evolve our Worksite
business, Karen's track record of solid execution and supporting
profitable growth will position us to further advance our strategic
Worksite priorities."
"I thank Mike for his many contributions to CNO," added
Bhojwani. "He has played a significant role in unifying our
Worksite capabilities and successfully launching our Optavise brand
in 2022. CNO's Worksite business remains well-positioned to support
our national and regional employers, brokers and career agents. We
wish Mike continued success in retirement."
Williams, who joined CNO in 2003, has held several actuarial
senior leadership roles during his nearly 20-year career with the
company. He was most recently 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 in our life, health and annuity lines of business," said
Bhojwani. "His nearly 25 years of well-rounded actuarial experience
and strong business acumen will only enhance our robust
capabilities to deliver products and solutions designed especially
for our middle-income consumers and worksite clients."
In his new role, Williams will become part of the company's
Executive Leadership Group. DeToro has been a member since joining
CNO in 2019.
Bios
DeToro has served as CNO's chief actuary since 2019. She 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. She earned her bachelor's
degree in mathematics and English literature from Butler University and her MBA with a concentration
in finance, managerial economics, strategy and organizational
behavior from the Kellogg Graduate School of Management at
Northwestern University.
Williams, currently CNO's senior vice president of valuation,
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 in 1999 as an
actuary with American General Finance. Williams holds 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, Optavise and Washington
National. Our customers 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 a lifetime of financial decisions. For more
information, visit CNOinc.com.
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SOURCE CNO Financial Group, Inc.