President of GE Life and Annuity Assurance to Speak at Annual Meeting

Pamela S. Schutz, vice president of General Electric and president and CEO of GE Life and Annuity Assurance Company, has agreed to speak at NOLHGA's 20th Annual Meeting this fall. As the leader of GE Financial's Wealth & Income Management division, Schutz oversees an organization that produces $15 billion in annual sales and over $3 billion in revenue from a diverse line of insurance, annuity, and asset-management businesses. At the Annual Meeting, she will discuss her views on the important role annuities play in retirement income planning opportunities and the challenges facing the industry.

NOLHGA's 20th Annual Meeting, which will be held on October 28 and 29, 2003, at the Four Seasons Resort & Club Dallas at Las Colinas, will also feature presentations on topics such as the impact of the capital markets on the insurance industry, the role of ratings agencies, and more.

A meeting of the Members' Participation Council will precede the Annual Meeting on October 27. Information on other speakers and details about NOLHGA's 20th Annual Meeting will be available in the coming weeks.

Former Ohio Insurance Director to Speak at Legal Seminar

Lee Covington, former director of the Ohio Department of Insurance, has agreed to speak at NOLHGA's 12th Annual Legal Seminar in August. Covington will discuss solvency regulation issues, causes of insurer insolvency, and how corporate governance issues--including those addressed in the Sarbanes-Oxley Act--might affect insurer solvency.

Even before Sarbanes-Oxley, Covington implemented a new risk-assessment financial examination process in Ohio that focused on corporate governance and risk management issues; streamlined the process for well-managed, financially sound companies; and created greater scrutiny for at-risk companies. During his tenure with the Ohio Department, Covington achieved an unprecedented $260 million in early access payments to creditors and policyholders in conjunction with implementing progressive strategies to coordinate with the guaranty funds and an aggressive plan to close liquidation estates. Covington is now based in Washington, D.C., with PricewaterhouseCoopers.

NOLHGA's Legal Seminar will take place on August 21 and 22, 2003, at The Palace Hotel in San Francisco and will be held in conjunction with the MPC meeting scheduled for August 19 and 20. Information on both meetings can be found at the joint meeting Web page. We encourage you to register for one or both meetings (separate registration is required) as soon as possible. The deadline for Legal Seminar registration is July 14, and the deadline for hotel reservations and MPC meeting registration is July 25.

For more information about the Legal Seminar, please contact Aimee Frye (703.787.4115; [email protected]) or Meg Melusen (703.787.4130; [email protected]). For more information about the MPC meeting, please contact Karen Early at 703.787.4101 or [email protected].