Dutch financial services provider ING Group has appointed Rodney Martin as new CEO of ING Insurance US, effective from 4 April 2011.
Martin will be responsible for strategy and performance of ING Insurance US, as well as the corporate staff functions reporting to Jan Hommen, CEO of ING Group.
Martin has over 36 years of insurance industry experience. Most recently, he was chairman of American International Group’s (AIG) international life and retirement services businesses.
At AIG, he held various positions that inlcude COO of AIG Worldwide Life Insurance, chairman and CEO of American Life Insurance Company (Alico), chairman of American International Assurance (AIA).
Martin served at Mutual Life Insurance for 20 years, before joining General Life Companies in 1995.
Hommen said that Rod is an outstanding veteran of the US insurance industry and his appointment constitutes an important building block to the preparation of a successful IPO of ING’s US insurance and investment management businesses.
In addition, Rob Leary, currently CEO of ING Insurance US, will assume the new role of president and chief operating officer of ING Insurance US.
In this role, Leary will report to Martin and will be responsible for managing and improving the operational performance of the entire portfolio of US businesses, including retirement, insurance, and investment management.
"The combination with Rob Leary as a results-oriented leader provides us with a strong management team capable of taking these leading businesses forward in their standalone future," Hommen said.