LIMRA and LOMA to join forces

The boards of directors of LIMRA International Inc. and the Life Office Management Association have approved a proposal to unite the two organizations. Upon approval, LIMRA and LOMA will become a not-for-profit organization to be called LL Global Inc., the organizations announced. Both trade organizations said that they will submit a recommendation to their members for a decisive vote. Robert A. Kerzner, president and chief executive of LIMRA will head the new organization. Under the agreement, LIMRA and LOMA will operate as separate entities. LL Global will be incorporated in Winsdor, Conn. where LIMRA is currently based. LOMA will continue to maintain an office in Atlanta-where it is currently based. Thomas P. Donaldson, current president and chief executive of LOMA, will assume a new role as chairman of the Executive Committee of the Board of Directors of LL Global Inc. until his retirement on Dec. 31, 2008. If approved, the merger will become effective as of Jan. 1, 2008.