Western & Southern's Sargen to Speak at Annual Meeting
Nicholas Sargen, senior vice president and chief investment officer of the Western & Southern Financial Group, will speak at NOLHGA's 22nd Annual Meeting, which will be held October 25 and 26, 2005, at the Westin Resort, Hilton Head Island in Hilton Head Island, S.C. He is scheduled to speak the morning of October 26.
Sargen is also the chief investment officer and director of equity research at Fort Washington Investment Advisors, Inc., a wholly owned subsidiary of the Western & Southern Financial Group. He is responsible for overseeing the investment activity for all assets under management for Fort Washington and its divisions and subsidiary, which totaled $29.5 billion as of June 30, 2005. Prior to joining Fort Washington in June 2003, Sargen's experience encompassed many years as an international economist and global money manager with organizations such as JP Morgan Chase, Prudential Insurance Company, Salomon Brothers, Morgan Guaranty Trust, the Federal Reserve Bank of San Francisco, and the U.S. Department of Treasury.
More information about Sargen and other Annual Meeting speakers can be found on the Annual Meeting Web page. The page also features hotel information, online registration, a meeting schedule, and other information.
The cut-off date for making hotel reservations for NOLHGA's 22nd Annual Meeting is September 30. After that date, NOLHGA can no longer guarantee room availability or the special NOLHGA rate of $185/night. In addition, the registration deadline for the meeting is October 10. If you have not yet registered or made your hotel reservations, we urge you to do so as soon as possible.
In the next few weeks, the meeting page will be updated with information concerning the MPC meeting that will be held at the Westin Resort on October 24. If you have any trouble accessing the meeting Web page, please contact Dan Hicks at [email protected] or 703.787.4112. If you have questions about the Annual Meeting, contact Holly Wilding at [email protected] or 703.787.4111.
Staff Contact - Midwest Life Insurance Company (La.)Status Conference Postponed Again
As previously reported, the Midwest Life receiver filed a motion with the liquidation court in March 2005 stating, among other things, that any final estate distributions to the policy-level claimants should be offset in certain instances where the claimant received third-party subrogation recoveries. On June 24, 2005, the 10 guaranty associations that sued and settled with Dain Bosworth filed objections to the receiver's motion. The status conference originally scheduled for July 11 at the liquidation court in Baton Rouge was postponed to September 26 due to Hurricane Dennis. It has now been further postponed to November due to Hurricane Katrina. A date has not been set.
Litigation Task Force Co-chairs - William Falck & Chris Chandler; Staff Contact -