BRAINTREE, Mass., April 11, 2012 /PRNewswire/ -- MIB Group, Inc., the life and health insurance industry's most trusted resource for underwriting information and analytical services, is pleased to announce the election of its Chairman and Vice-Chairman of the Board for 2012-13 and the election of three directors, all of whom are highly-experienced insurance industry veterans serving as senior officers of MIB member companies. As a membership corporation, MIB's Board is comprised of 11 volunteer directors elected from its 450 North American member insurance companies.
Effective May 11th, Timothy A. Walsh, President and Chief Executive Officer of Farm Family Life Insurance Company and its affiliates, Farm Family Casualty Insurance Company and United Farm Family Insurance Company (Parent ANICO Nasdaq: ANAT), will succeed Edward J. Bonach, Chief Executive Officer of CNO Financial Group, Inc. (NYSE: CNO) as Chairman of the Board. Elizabeth H. MacGowan, Vice President, Product Development at National Life Group, will serve as MIB's new Vice-Chairman. Mr. Bonach will remain on the MIB Board as Immediate Past Chair.
Elected to three-year terms on the MIB Board starting May 2012 will be Monique Maynard, Executive Vice President, Individual Insurance at The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company in Canada; Cheryl K. Neal, Executive Vice President and Chief Operating Officer for the Liberty Life Insurance Company of Boston; and Arthur J. Roberts, Senior Vice President and Chief Financial Officer for the Ohio National Life Insurance Company.
"We are honored to have these accomplished industry leaders join MIB's Board," said Lee B. Oliphant, President and CEO of MIB Group, Inc. "Each new director brings a depth of industry expertise, operational discipline, and market perspectives that reflect MIB's vision and direction for the future.""I would like to thank Ed Bonach for his important contributions to MIB during his tenure as Chair," continued Oliphant. "Ed has been a trusted partner and a dedicated and valued Board member. I am very pleased that MIB will continue to benefit from his leadership and experience with his continuing role on the Board."