Federal Life Group, Inc. announced that Knut A. Olson has joined the firm as a member of the board of directors. Olson brings more than 30 years of experience in the life and health insurance and annuity industries to Federal Life. He is widely recognized for his expertise in capital management, product development, distribution leadership, change management and innovation.

He most recently served as president and CEO of National Guardian Life, where he drove impressive growth in premium, surplus and profitability. Under Olsons leadership, National Guardian Life was upgraded from A- to A by rating agency A.M. Best. Previously Olson held executive leadership positions at Thrivent Financial and Foresters Financial.

As part of the company's commitment to corporate governance, Federal Life is pleased to add three new independent directors to the board, continued Olson. These new directors will help support the growth of the company's successful accident and health insurance franchise and expand the business into a premier global retirement solutions provider for individuals and institutions. Tom Marra, who joins the Federal Life board as chairman, is the former president and COO of Hartford Life (later Hartford Financial Services) and president and CEO of Symetra Financial, where he remained as chairman until recently.

Joining Marra are David Foy and David Herzog, two leading CFOs of the global insurance industry of the past 25 years. David Foy is the former CFO of Hartford Life and White Mountains Insurance Group, an insurance and financial services holding company. David Herzog is the former CFO of American International Group.

He currently serves as the lead independent director of DXC Technology and on the board of MetLife, chairing its audit committee. Olson assumed responsibility for the company on August 1, 2023.