ING Hires Head of Valuation for U.S. Retirement Services

April 20, 2011 ( – ING hired Dwayne S. McGraw to serve as Head of Valuation for the U.S. Retirement Services division, effective April 11.

McGraw is responsible for providing leadership and guidance on all regulatory and accounting valuation issues that impact ING’s Retirement Services business.  This includes serving as the primary point person for overseeing the calculation of reserves, producing financial statements, completing rating agency surveys, internal and external valuation audits and systematic reporting to regulators, and monitoring emerging valuation issues with the National Association of insurance Commissioners (NAIC). 

He is based in ING’s Windsor, Connecticut office, and reports to Lisa Thomas, Chief Insurance Risk Officer for ING U.S. Retirement Services.   

According to a press release, McGraw comes to ING with over 18 years of industry experience. Most recently, McGraw served as Supervising Actuary of Life Insurance at Genworth Financial, a role he held since 2008.  Previously, he was Vice President and Corporate Actuary with FBL Financial Group. 

McGraw earned a B.S. in mathematics from Virginia Polytechnic Institute and State University (Virginia Tech), and an M.S. in mathematics from Northeastern University.  He is currently expecting his MBA from Virginia Tech in August 2011.    

In addition, McGraw is a Fellow of the Society of Actuaries, a member of the American Academy of Actuaries, and has completed qualification standards to sign Prescribed Statements of Actuarial Opinion.