J. David Cummins, Executive Director, and Harry Loman, Professor of Risk and Insurance, expressed gratitude to the board for its service. "We are fortunate to have executives of this caliber guiding the policies of the Huebner Foundation. For more than sixty years the foundation has produced Ph.D.s with a major in Risk and Insurance, many of whom have been leaders in universities, research institutions and professional education organizations. We believe that the foundation will take great strides under the leadership of Rob Henrikson and the rest of the board."
MetLife's Rob Henrikson, who did his undergraduate work at the University of Pennsylvania and is a graduate of the Wharton School's Advanced Management Program, indicated his pleasure at continuing his service as chairman of the foundation trustees. "The Huebner Foundation is the premier organization for promoting insurance education in universities and colleges. I am truly honored to be reelected as chair of the foundation and I look forward to working with the other trustees to ensure that insurance and risk management education keeps pace with the dramatic changes occurring in the insurance industry."
The Wharton Business School was the first school to teach insurance at the university level in 1904. That course was taught by the Foundation's namesake, Solomon Huebner, considered the "father" of insurance education. Wharton continues to be the premier school for education in risk management and insurance and as such has a substantial opportunity to make a favorable impact on the industry.
Board member Bill Rabel remarked, "The Huebner Foundation's major function is to produce outstanding professors who influence the lives of tens of thousands of students. Upon graduation these students become consumers of insurance products and many work in the industry. The foundation has an excellent track record and we on the board will be doing everything we can to extend and perhaps even expand on that record of success into the future."
Insurance executives founded the Huebner Foundation in 1941 to address a growing need to train college and university professors to teach insurance to the many students interested in the field. Named for Solomon S. Huebner, a professor at the Wharton School from 1904 to 1953, the Foundation is supported by contributions from insurance companies, foundations and alumni. This support enables the Foundation to accomplish its objectives by providing educational fellowships consisting of the tuition and fees for study at the Wharton School and a $20,000 living stipend for a period of four years to highly qualified doctoral students at the Wharton School of the University of Pennsylvania who are committed to a career in teaching insurance and risk management.
MetLife, a subsidiary of MetLife, Inc. (NYSE: MET) is a leading provider of insurance and other financial services to millions of individual and institutional customers throughout the United States. Through its subsidiaries and affiliates, MetLife, Inc. offers life insurance, annuities, automobile and homeowner's insurance and retail banking services to individuals, as well as group insurance, reinsurance and retirement and savings products and services to corporations and other institutions. Outside the U.S., the MetLife companies have direct insurance operations in Asia Pacific, Latin America and Europe. For more information, please visit www.metlife.com.