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CU System
CUNA Mutual hires insurance commissioner
MADISON, Wis. (1/10/11)--CUNA Mutual Group has named Sean Dilweg, a former state insurance commissioner, as vice president, product executive. In this role, which he began Tuesday, Dilweg leads CUNA Mutual’s mortgage insurance business. “Sean Dilweg is well known and respected within the insurance community and a high-level addition to the CUNA Mutual team,” said Jim Power, CUNA Mutual senior vice president and chief products officer. “His insights and experience will help us enhance the products and services we provide to credit unions.” Dilweg’s responsibilities also will include managing CUNA Mutual’s interest in CMG Mortgage Insurance Company. CMG MI operates as a corporate joint venture between CUNA Mutual Insurance Society and PMI Mortgage Insurance Co. CMG MI provides private mortgage guaranty insurance to protect credit unions against potential losses in the event of borrower default. “This new position represents CUNA Mutual’s ongoing commitment to the mortgage insurance business and its important role in the credit union marketplace,” Power said. Most recently, Dilweg served as the insurance commissioner for Wisconsin, overseeing the regulation of all insurance in the state, including life, bond and mortgage insurers. In this role, he was responsible for overseeing the de-risking of the Ambac Assurance Segregated Account, the second largest financial guarantee insurer in the nation. Also, he’s served as the vice chair of the Interstate Insurance Product Regulation Commission.
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