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Principal Financial Executive Named Chairman of International Insurance Society

Principal Financial's Norman Sorensen named Chairman of International Insurance Society.

Norman R. Sorensen, President, International Asset Management and Accumulation, Principal Financial Group (Des Moines), was elected Chairman of the International Insurance Society (IIS, New York) at its annual meeting in Madrid. He succeeds Brian Duperreault, President and CEO, Marsh & McLennan Companies, USA, who served as IIS Chairman for three years.

Sorensen is responsible for managing businesses of The Principal outside the United States in the company's international asset management and accumulation segment. He joined the company in 1998 and has been in his current role since February 2010. In addition to serving as IIS Chairman, Sorensen also is Chairman of the Global & Trade Committee of the Financial Services Roundtable (FSR, Washington, D.C.).

“We are pleased to welcome Norman as our Chairman and we are confident that he will provide stellar leadership for the IIS,” said Michael J. Morrissey, IIS President and CEO, in a press release. “With Norman’s exceptional industry experience, particularly in the international arena, as well his thorough understanding of the IIS and its mission, having been an active member for many years he will be able to guide us as we move ahead with our expansion plans …”

According to Larry D. Zimpleman, Chairman, President and CEO of The Principal, "This appointment reflects the strategic importance and business growth potential that the global market represents to the future of The Principal."

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

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