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Deals and People July 27, 2011
Laudato to Head Newport BOLI Business
July 27, 2011 (PLANSPONSOR.com) - The Newport Group has announced the appointment of Anthony Laudato as Vice President and Chief Actuary, leading the firm’s bank-owned life insurance (BOLI) line of business.
Reported by PLANSPONSOR staff
Laudato will be responsible for building on Newport’s presence in the bank and financial institution marketplace, providing asset management and insurance services designed to minimize banks’ administrative burdens, and help maximize investment returns and mitigate risk. He will report to Bryant Kirk, Newport’s Chief Operating Officer.
Laudato comes to Newport from Clark Consulting, where he served as senior vice president and chief product officer. He has also held leadership positions at Lincoln Financial Group, including director and actuary of individual life insurance, second vice president and senior actuary, and chief actuary of the executive benefits division. Laudato received his bachelor’s degree in Mathematics from the University of Hartford in West Hartford, Connecticut. He holds FINRA Series 6 registration, and is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.
“Tony’s extensive experience will ensure that our clients continue to receive the information and support necessary to properly structure, implement and maintain a successful BOLI program,” said Kirk, in the announcement. “He’ll also develop, broaden, and expand our relationships with leading insurance carriers. Newport’s BOLI business has experienced significant growth recently, and we expect that to continue under Tony’s leadership.”
-Sara Kelly