The Board of Directors has announced the appointment of A. Greig Woodring, President & CEO, Reinsurance Group of America (RGA), as Chairman-Elect of the International Insurance Society (IIS). The appointment is effective January 1, 2013, positioning Woodring to succeed current IIS Chairman, Norman R. Sorensen, recently retired as Chairman–International of Principal Financial Group, at the Board of Directors meeting on June 16, 2013 taking place in conjunction with the annual IIS Seminar in Seoul, Korea.
“Greig is very highly regarded throughout the industry for his leadership experience and his thorough understanding of the global insurance industry, which will be a tremendous asset as IIS continues to expand”, says Michael J. Morrissey, IIS President and CEO. “The IIS has flourished under Norman’s excellent leadership and we are very pleased to have found in Greig such a worthy successor”, Mr. Morrissey adds.
Of his successor, Norman Sorensen says, “RGA has been a tremendous supporter of the IIS for many years and we are immensely grateful to Greig for his personal involvement and support. I am supremely confident in his ability to lead the IIS and look forward to working with him over the next few months to ensure a seamless transition”.
Greig Woodring states, “the IIS plays a critical role in advancing the global insurance industry. It successfully facilitates the global exchange of ideas, and I share the IIS dedication to original industry research. I look forward to working with other insurance leaders, regulators and scholars to enhance the IIS mission.”
Greig Woodring is President and Chief Executive Officer of RGA and sits on the Board of Directors. Prior to being named President, Woodring served as Executive Vice President of General American Life Insurance Company (now GenAmerica Financial), overseeing the reinsurance business. Woodring has an extensive history in the insurance industry, joining General American in 1979 as an actuary and assuming responsibility for their reinsurance business in 1986. Prior to joining General American, he was an actuary at United Insurance Company in Chicago, Illinois.
Greig’s leadership and keen business acumen have been pivotal in positioning RGA as a leader in the global life reinsurance industry with approximately $2.9 trillion of life reinsurance in force and assets of $39.9 billion. It is one of the largest life reinsurance companies in the world and is the only global reinsurance company to focus primarily on life and health-related reinsurance solutions.
