|HOUSTON (June 22, 2011) - American General Life Companies (American General) has named Curtis W. Olson President and CEO of American General Benefit Solutions (Benefit Solutions). He joins Benefit Solutions from ING Life Insurance, Korea, which is the fourth largest life insurer in Korea, where he served as President and CEO.
"Curt is a seasoned global insurance executive with more than 32 years of insurance experience, 30 of which have been devoted to the Employee Benefits business in progressively senior levels," said Jim Mallon, Chairman of Benefit Solutions. "I am confident that his significant management experience, strategic leadership and sales management expertise will serve Benefit Solutions, our employees and our clients very well."
Prior to his leading ING Life Insurance, Korea, Curt served as President of ING Employee Benefits, U.S., the ninth largest U.S. group insurance carrier with $1.3 billion premium income, 750 employees and 3,500 corporate group and voluntary customers, where he was also responsible for ING's Affinity business. As the head of ING Employee Benefits, he focused on a strategy to streamline operations, launch new products and increase focus on voluntary sales. He developed and implemented a new component-based administration system to handle both group and voluntary businesses, which enabled single billing platform for customers, consolidated data management and delivered on the promise of straight through processing of new business. Previously, Curt served as Senior Vice President, Sales and Customer Relationship Management, ING Employee Benefits, leading a major reorganization of the group sales force and creating eight regional hubs. He received his bachelor's degree in accounting and business administration from Western State College in Colorado.
American General Life Companies, www.americangeneral.com, is the marketing name for the insurance companies and affiliates comprising the domestic life operations of American International Group, Inc. American General Life Companies insurers offer a full line of life insurance, annuities, accident & health products and worksite benefits to serve the financial and estate planning needs of its customers throughout the United States.
Benefit Solutions, www.americangeneral.com/employeebenefits, is the marketing brand under which group employee benefit insurance products (including life, accidental death & dismemberment, disability, dental vision, cancer insurance and critical illness products) are offered by the insurance companies that comprise American General Life Companies, including American General Life Insurance Company of Delaware, American General Assurance Company, United States Life Insurance Company of New York and American General Life Insurance Company.