ACLI

ACLI, A.T. Kearney, EDS, And SOLCORP Launch Global Financial Leadership Forum

Strategic Partnerships Formed To Research Issues Shaping Global Financial Playing Field Washington, DC (ots) - The American Council of Life Insurers (ACLI), in partnership with A.T. Kearney, EDS, and SOLCORP, will be hosting the inaugural summit of the Global Financial Leadership Forum at the Waldorf Astoria Hotel in New York City on Nov. 17-19, 2002. Aimed primarily at life insurers and reinsurers, the two-and-a-half day summit will examine marketplace opportunities and challenges brought on by economic globalization and industry convergence - the narrowing distinctions among the various sectors of the financial services industry. The goal of the summit is to establish an ongoing forum in which key industry leaders receive pertinent and valuable information on the future of the financial services industry. "A key component of the summit will be the release of research findings by A.T. Kearney, EDS, and SOLCORP that will address fundamental issues helping to shape the new global playing field," says Gaetano Geretto, president and CEO of Gerling Global Life Insurance and chairman of this year's Global Forum Board of Governors. The inaugural board consists of leading global financial services companies including: AFLAC, AXA, CHUBB, Citicorp, Dai-ichi Mutual Life, Gerling Global Life, Hampton Re, Hartford Life, Lehman Brothers, Lloyds of London, Manulife Japan, Max Re, Munich American Reassurance, Nationwide, New York Life, Principal International, RGA (Canada), and SunLife Financial. Invited summit delegates will examine various business models and analyze best practices and their probable effects on the industry. Specific topics that will be addressed include international accounting standards, financial services regulation convergence, cost of capital and allocation, distribution optimization, securitization, disintermediation, and pensions and asset management initiatives to address global demographic challenges. "Through the strategic initiatives and various topics covered during the summit, delegates will be able to explore new business concepts about insurance and their future role in financial services," says Chris Orestis, senior vice president of ACLI. "The Global Forum leadership will help position the various lines of insurance within a global context and explore the impact of globalization on the future of our industry." At the conclusion of the summit, a first edition report synthesizing the research and proceedings will be distributed exclusively to all delegates. Throughout the year, ongoing communications with summit delegates will be conducted through a sponsored Web site designed specifically for the Global Financial Leadership Forum. This summit is limited to chief executive officers and senior professionals responsible for international operations, as well as industry and business line leaders from the insurance, reinsurance, and financial security product areas. All summit delegates will be reviewed by the Board of Governors to confirm participants' eligibility. Recognized leaders from government, academia, and the professions will be invited to attend and participate in the summit. For more information and delegate application materials, visit www.acli.com or contact ACLI Conference Development (202) 624-2404 or e-mail acliconferences@acli.com. Media representatives should contact ACLI's Sarah Bohn at (202) 624-2419 or e-mail sarahbohn@acli.com. The American Council of Life Insurers is a Washington, D.C.-based trade association. Its 400 member companies offer life insurance, annuities, pensions, long-term care insurance, disability income insurance, and other retirement and financial protection products. ots Originaltext: ACLI American Council of Life Insurers Internet: www.newsaktuell.ch Contact: Sarah Bohn Phone: +1/202-624-2419 mailto:sarahbohn@acli.com Douglas MacDonald Phone: +1/312-223-6892 mailto:douglas.macdonald@atkearney.com Doug Delay Phone: +1/972-797-3656 mailto:doug.delay@eds.com Susan Gerard Phone: +1/905-676-6589 mailto: susan.gerard@solcorp.com

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