The International Insurance Society has announced the candidates for the prestigious 2012 Insurance Hall of Fame Awards. IIS members serve as electors of the Insurance Hall of Fame and the 2012 Laureates will be elected from among these candidates:
- J. Barry Griswell, USA
- C. Robert Henrikson, USA
- Donald Kramer, USA
- Tsan-Ming Shih, Taiwan
- Ikuo Uno, Japan
The winner will be announced in January and the award will be presented at the June 18th gala dinner during the IIS 48th Annual Seminar, which takes place at the Sofitel Rio Copacabana Hotel, Rio de Janeiro, Brazil, June 17 – 20, 2012.
“Induction into the Insurance Hall of Fame is considered the highest honor in the industry, and we are pleased to have such a diverse and illustrious group of insurance leaders on the 2012 ballot,” says Bernhard Fink, the Chairman of the IIS Honors Committee which selects the candidates for the Insurance Hall of Fame.
“Whether operating in a global or local arena, these candidates have made a truly significant contribution to the insurance industry as a whole.” ”All nominees are richly deserving of this award,” adds Michael Morrissey, IIS President, “and I congratulate them on their extra-ordinary achievements.”
Barry Griswell has more than 36 years of experience in the financial services industry, including more than 20 years in executive management at the Principal Financial Group where he retired as Chairman, President and CEO. The Principal Financial Group today has $320.8 billion in assets under management and serves some 17.8 million customers worldwide.
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While at Principal, Griswell helped craft the company’s global strategy and actively promoted the global adoption of defined contribution retirement systems. Griswell and his colleagues started operations in Chile, Mexico, Hong Kong, India and China, actively promoting mandatory retirement systems, and Principal now also has strong relationships with partners and government officials in Brazil, Japan, and Australia.
Griswell’s most notable contributions were in his remarkable participation in improvements to the U.S. retirement system and 401(k) programs over the past 20 years.
Culminating his career, as Chairman of Principal he was responsible and instrumental for working actively with key members of the U.S. Congress, the Department of Labor and other members of the Administration, to encourage and advocate the enactment of the 2008 Pension Protection Act, which put in place a comprehensive set of improvements, checks and balances, and protections in the system, which have benefited millions of Americans since the law passed.
Prior to joining Principal, Griswell had a distinguished career at Metropolitan Life Insurance Company, most notably as president and CEO of MetLife Marketing Corporation, where he played a pivotal role in helping the company expand its distribution reach. He and his colleagues were pioneers in the field extending the strength and brand of a large insurer well beyond its traditional limits. During this period the industry changed significantly and MetLife Marketing was a key catalyst for that change.
Griswell has served the insurance industry in major leadership roles including as Chairman of LIMRA International, the Life Underwriter Council and the American Council of Life Insurers.
C. Robert (Rob) Henrikson is Chairman and former president and CEO of MetLife. Over the course of his more than 37-year career at MetLife, Henrikson served in a multitude of leadership roles.
He worked with some of the largest Fortune 500 companies in the United States, regulators and government agencies to create innovative pension and insurance solutions that have not only been the source of financial growth for MetLife, but have served as foundational solutions across the industry.
Henrikson is the first MetLife agent in the company’s 142-year history to be named CEO in 2006. During his tenure as CEO, Henrikson has led MetLife to achieve record financial results, driven operational improvements and strategically positioned the company to capitalize on emerging trends in key markets around the globe.
Beyond Henrikson’s pioneering efforts in insurance and retirement income solutions, he has frequently served as a voice of the industry, advocating standards and policies to benefit the customers it serves.
Regardless of the role he has held, he has been driven by a passion for the business of insurance and all that it can do to make people’s lives safer and better, buttressed by the one thing that distinguishes insurance companies from other financial services firms – the ability to provide guarantees.
Donald Kramer’s career in the financial industry spans almost 55 years, of which more than 44 years were dedicated to the insurance industry. He has been a leading innovator in investment banking, rehabilitating and/or liquidating troubled insurance companies, and establishing and leading several successful insurance companies.
In 1975 Kramer set up Kramer Capital Consultants, a management consulting practice which specialized in dealing with troubled insurance companies, and where he dealt with nearly all of the high profile receiverships in the United States.