Former IIS CEO Morrissey joins Legeis as chairman

Legeis Capital, which provides insurance companies with efficient access to higher-returning assets, has appointed of Michael Morrissey as chairman of the company’s Board of Directors.

Morrissey has served as president and CEO of the International Insurance Society (IIS), the largest insurance industry association. He is a board member at Selective Insurance Group and Protective Life Corp.

Morrissey led the IIS for more than 11 years. Under his management, the IIS became a founding supporting institution of the United Nations’ Principles for Sustainable Insurance, and the founding organization and Secretariat of the Insurance Development Forum, a public/private partnership led by the global insurance industry, the UN and the World Bank.

Before joining IIS, Morrissey was chairman, CEO, and CIO of Firemark Investments, where he invested in insurance companies worldwide. He has advised insurance company managements and regulators and served on a number of insurance company boards in North America, Europe, and Asia.

“We are pleased to have Mike lead our Board of Directors. He is a strategic business leader and accomplished director. His distinguished career of over 40 years leading global insurance firms and asset management businesses brings unique experience that will benefit Legeis Capital significantly,” said Michael Siegel, founder and CEO.

Joseph Taussig, director, added: “Mike brings extensive insurance industry and asset management experience to our board. He will further strengthen our firm’s considerable talent and experience and we are confident in the contributions and value his leadership will bring to our company.”