Ensuring it retains its
powerful lobbying position at the highest level in Washington, the
American Council of Life Insurers (ACLI) has appointed another
high-powered political figure, Dirk A Kempthorne, as its new
president and CEO. Kempthorne succeeds Frank Keating who served in
the positions of president and CEO from January 2003 to 3 November
2010.
A Republican, 59-year-old
Kempthorne’s long political career began in 1985 when he was
elected as mayor of Boise, the state of Idaho’s largest city. He
went on to become governor of Idaho in May 2006, a position he held
until January 1999.
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Between June 2006 and January
2009 he served as US Secretary of the Interior in President George
W Bush’s administration. Kempthorne has been mooted by the US media
as a possible Republican presidential candidate in the 2012
presidential elections.
Emphasising the importance of
Kempthorne’s political background, ACLI chairman C Robert
Henrikson, said: “Dirk’s excellent reputation in Washington,
coupled with his understanding and appreciation of state regulation
of insurance, is a unique and valuable resource for the industry
and regulators alike, during this time of evolving regulatory
relationships in the US and around the world.”
Henrikson is also chairman,
president and CEO of MetLife.
Henrikson added: “Dirk will
have very big shoes to fill. Since joining ACLI, Frank Keating has
made significant contributions to the life insurance
industry.
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By GlobalData“He dramatically increased
membership, CEO involvement and the overall effectiveness of the
organisation. He has been a first-class advocate for the life
insurance industry during one of the most eventful periods in life
insurers’ history.”
Keating, who is also a Republican, began his political
career when he was elected to the state of Oklahoma’s House of
Representatives in 1972. Among many positions, Keating was
Assistant Secretary of the Treasury and Associate Attorney General
in the Justice Department between 1985 and 1992, during
administrations of presidents Ronald Reagan and George Bush. In
1994,
Keating was elected as Governor of Oklahoma, a position he held for
two consecutive four-year terms.
