Insurance Hall Of Fame Nominees Announced

o Professor Yehuda Kahane, a professor of insurance and finance, Faculty of Management, Tel-Aviv University

o Frank O'Halloran, chief executive officer QBE Insurance Group Ltd., Sydney, Australia

o Manuel P?voas, founder of Bradesco pension fund corporation, Sao Paulo, Brazil

o David Prosser, former group chief executive and director, Legal and General Group, London

o Charles Wang, founder of the Insurance Institute of the Republic of China, renamed Taiwan Insurance Institute, Taiwan

All of the nominees have an extensive background in the insurance industry. Describing the candidates, IIS called Mr. Kahane a "seminal thinker and a prominent insurance educator," researcher and entrepreneur. He has founded actuarial groups in Israel, Portugal and in the former Soviet Union countries.

Mr. O'Halloran was noted for being directly responsible for over 125 acquisitions by QBE Group and increasing the company value, now with a market capitalization over $20 billion, tenfold.

Mr. P?voas was described as an insurance industry trailblazer in both Portugal and Brazil, who in 1977 established and led Bradesco as the first private life and annuities firm in Brazil after the government legalized private pension funds and annuities. Mr. P?voas has founded and led insurance industry organizations in his country, his region and globally.

Sir David Prosser while CEO of Legal & General developed cost solutions to meet consumer savings and protection needs, expanded L&G's investment management business to Britain's largest institutional fund manager, and broadened its business from a traditional life assurance company to a life, pensions, savings and investment company. He was described as instrumental in pushing the Financial Services Authority to improve the fairness of its enforcement process.

Mr. Wang was called a catalyst for growth of the insurance industry in Taiwan and a force for the consolidation of the insurance institutions whose efforts led to establishment of Taiwan's first risk management and loss control services. He founded the Insurance Institute of the Republic of China, renamed Taiwan Insurance Institute, and served as its first president. He was CEO of Zurich Insurance Taiwan (1988-1998) and has been a professor of risk management and insurance at various universities in Taiwan.

IIS Chairman Brian Duperreault, CEO of Marsh & McLennan, said, "The 2010 field of candidates for the Insurance Hall of Fame reflects IIS's worldwide membership, and we are pleased to have such a diverse and distinguished group of insurance leaders on this year's ballot."

"It is a true honor to be nominated for the Insurance Hall of Fame, and I congratulate our 2010 candidates on their extraordinary achievements," added IIS president and CEO Michael Morrissey, chairman and CEO of New York-based Firemark Investments.

The Insurance Hall of Fame is administered by the IIS, a nonprofit corporation that claims a membership of 900 insurance executives, academicians and other industry professionals, representing 90 countries. Its Web site is www.iisonline.org.