MIB group names CNO exec as chair for 2021-22 term
MIB Group, the data, insights and digital solutions provider for the insurance industry, has elected a new chairman and vice chairman of the board for the 2021-22 term.
Bruce Baude, the chief operations and technology officer of CNO Financial Group, becomes chairman, succeeding Michael Fosbury, president and chief executive officer of Columbian Mutual Life Insurance Company.
Fosbury remains on MIB’s board as immediate past chair.
Gregory Linde, senior vice president of individual life at Principal Financial Group, becomes vice chair.
Bruce Baude joined the MIB board in 2019. Prior to joining CNO he was COO at Univita Health and served as CEO of LTCG, the industry's largest third-party administrator for long-term care insurance. Before that he was president and CEO of ProCard, a subsidiary of global payments processor TSYS.
Linde joined the MIB board in 2018. He joined Principal in 1992 as director of disability income and was promoted to assistant vice president and chief underwriter in 1997, before being promoted to vice president of individual client services in 1999, and then to vice president of individual life in 2006. He assumed his current role in 2015. Before joining Principal he held a number of positions at another insurance company.
MIB has also reelected four incumbent directors to the board, which comprises 12 independent directors and one internal director, MIB's president and chief executive officer.
James Hohmann, president and CEO of Vericity Holdings; Mary Bahna-Nolan, senior vice president and head of product innovation and strategy for Pacific Life Insurance Company; and Jill Rebman, retired vice president underwriting for advanced markets and reinsurance administration at John Hancock Life Insurance Company, are reelected to a second three-year term on the MIB board.
Linde was also reelected for a three-year term.
MIB's other directors who remain on the board include David Chadwick, executive vice president of underwriting and claims at Primerica Life Insurance Company; Dean Del Vecchio, executive vice president and chief of operations and chief information officer at The Guardian Life Insurance Company of America; Gina Guzman, vice president and chief medical director at Munich American Reinsurance Company; Harold Rojas, senior vice president, general counsel and corporate secretary at The Baltimore Life Companies; and Brian Winikoff, president and CEO of MIB.
Winikoff thanked outgoing chairman Fosbury for his leadership, vision and commitment to advancing MIB as an organisation and the insurance industry as a whole.
Baude said: "With a new management team leading the way, MIB has set in motion a transformational strategy that will help the life insurance industry address critical challenges and accelerate profitable growth by delivering innovative data driven solutions.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
