September 16, 2014 10:12 PM ET

Insurance

Company Overview of CMFG Life Insurance Company

Company Overview

CMFG Life Insurance Company provides financial services to credit unions, their members, and customers worldwide. It offers accident, health, and life insurance; investments and mutual funds; private mortgage insurance; insurance and annuity products; investment advisory services; retirement plan recordkeeping and administration; and crop insurance. The company was formerly known as CUNA Mutual Insurance Society and changed its name to CMFG Life Insurance Company in February 2012. CMFG Life Insurance Company was founded in 1935 and is based in Madison, Wisconsin with additional offices in Waverly, Iowa; and Dallas/Fort Worth, Texas. It also has regional sales offices in the United States; an...

5910 Mineral Point Road

Madison, WI 53705

United States

Founded in 1935

Phone:

608-238-5851

Fax:

608-238-0830

Key Executives for CMFG Life Insurance Company

Chief Executive Officer
Age: 58
Chief Financial Officer and Executive Vice President
Chief Investment Officer and Executive Vice President
Age: 67
Chief Accounting Officer and Senior Vice President
Chief Information Officer and Senior Vice President
Age: 52
Compensation as of Fiscal Year 2014.

CMFG Life Insurance Company Key Developments

CUNA Mutual Group Names Jeff Bosco as Head of Wealth Management Business

Jeff Bosco, a senior vice president, has been named the head of CUNA Mutual group's wealth management business. Bosco's new responsibilities will include overseeing CUNA Brokerage Services Inc. (CBSI), which encompasses CUNA Mutual Group's financial adviser network, and wealth management products. Bosco, who has more than 25 years of experience in financial services, held several leadership positions at American Family Insurance, including financial adviser, national sales trainer, sales vice president, chief operating officer and head of the Life Company, before joining CUNA Mutual Group in 2011. As senior vice president, Bosco led the overall business strategy and product management for the product lines, and was accountable for execution and financial results.

CUNA Mutual Group Announces Board Changes

CUNA Mutual Group appointed Angela K. Owens, president/CEO of American Airlines Federal Credit Union to its board of directors. Leaving the board this month after their terms expired were Alan Peppers, president/CEO of Westerra Credit Union in Denver; Larry Wilson, retired president/CEO of Coastal Federal Credit Union in Raleigh, N.C.; and Loretta Burd, retired president/CEO of Centra Credit Union in Columbus, Ind.

Cuna Mutual Group Introduces Enhanced Defense Reimbursement Coverage to Help Credit Unions

CUNA Mutual Group has introduced Enhanced Defense Reimbursement coverage to help credit unions against rising litigation costs. Housed within the company's management and professional liability insurance policy, the new coverage reimburses credit unions for certain defense costs associated with claims that are commonly not covered by liability policies. CUNA Mutual said some emerging but typically uncovered risks that led to developing enhanced defense reimbursement include: Increased levels of litigation seeking injunctive relief damages (Recent ATM and Americans with Disabilities Act litigation against credit unions); Heightened patent troll litigation activity; Growing regulatory risks driven by Consumer Financial Protection Bureau rulemaking; and disgorgement claims, such as the overdraft re-sequencing litigation.

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