HomeLife InsurancePaul Quaranto Jr. Elected to Chair ACLI Board

Paul Quaranto Jr. Elected to Chair ACLI Board


The American Council of Lifestyles Insurers introduced Thursday that it has elected Paul Quaranto Jr. because the chair of its 2024 board of administrators.

Quaranto, the CEO and president of Boston Mutual Lifestyles Insurance coverage Co., has been a robust member and supporter of the ACLI, consistent with the group’s announcement.

The ACLI additionally published its complete 2024 board of administrators and officials, naming leaders from around the U.S. lifestyles insurance coverage business to key positions.

Quaranto succeeds Andy Sullivan, who heads global industry and world funding control for Prudential Monetary. Sullivan will stay concerned within the group right through the yr because the rapid previous chair.

The ACLI additionally stated Thursday that it has decided on Wealthy Bielen, president and CEO of Protecting Lifestyles Corp., because the board’s chair-elect, which means he’ll change into ACLI chair in September 2024. In the meantime, Teresa Rasmussen, president and CEO of Thrivent, used to be named chair-elect designate and can change into ACLI chair in October 2025.

ACLI’s just about 300 member corporations improve the monetary coverage and retirement safety wishes of a few 90 million households, consistent with the advocacy group’s announcement. The chair and board of administrators lead the affiliation and its efforts to advance public insurance policies that assist direct American citizens to the goods and knowledge they want for monetary sure bet and peace of thoughts.

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