Washington, D.C., September 15, 2015 - The Institute of International Finance today announced that MetLife Chairman, President and CEO Steven A. Kandarian has been named Chair of its Insurance Regulatory Committee. Kandarian succeeds Martin Senn, CEO of Zurich Insurance, in the role.
"Since joining our Board last year, Steve has provided valuable leadership and insight to the IIF. I'm pleased he has agreed to take on an additional role as Chair of this committee, leading our efforts on a number of insurance-related regulatory issues moving forward," said Tim Adams, president and CEO of the IIF. "I would also like to thank Martin Senn for his leadership of the Committee over the last three years. His wisdom and guidance were a great benefit to the Committee and to our ongoing global advocacy efforts. I look forward to continuing to work with him on a number of issues critical to our insurance members."
The IIF's Insurance Regulatory Committee is the senior insurance oversight group that provides leadership and strategic guidance to the insurance-advocacy activities of the IIF. The Committee is composed of senior executives (Chairmen, CEOs, CFOs or CROs) from the leading international insurance companies that are IIF members.
"The life insurance industry is facing more regulatory change than at any time in its history," Kandarian said. "The IIF is an essential voice to ensure that we can continue to fulfill our role of providing financial protection to consumers and investing in the long-term growth of the global economy."
Kandarian became president and CEO of MetLife on May 1, 2011, and chairman of the board of directors on January 1, 2012. He became a board member of the IIF in May 2014.
Kandarian joined MetLife in April 2005 as executive vice president and chief investment officer. As CIO, Kandarian oversaw the company's now approximately $450 billion general account portfolio.
From 2001 to 2004, Kandarian was executive director of the Pension Benefit Guaranty Corporation. Previously, Kandarian was founder and managing partner of Orion Partners, LP, a private equity firm based in the Boston Area. Earlier he was managing director of Lee Capital Holdings. Kandarian began his career as an investment banker with Houston-based Rotan Mosle, Inc.
Kandarian is a board member of the Damon Runyon Cancer Research Foundation, the Lincoln Center for the Performing Arts, and the Partnership for New York City. He is also a member of the Business Council, the Business Roundtable, and the Financial Services Forum. Kandarian earned his B.A. from Clark University, J.D. from Georgetown University Law Center, and M.B.A. from Harvard Business School.
The Institute of International Finance is the global association of the financial industry, with close to 500 members from 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. Within its membership IIF counts commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks. For more information visit www.iif.com.' ' '