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Kempthorne, leader of life insurers trade group, to step down

 Kempthorne, leader of life insurers trade group, to step down
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Dirk Kempthorne, the leader of the American Council of Life Insurers (ACLI), is planning to step down by this time next year.

The former Republican governor of Idaho has been president and chief executive of the industry group since 2010. Immediately before that, from 2006 to 2009, he served as the secretary of Interior during the Bush administration.

The second extension of his contract expires in 2019, and a spokesman for the group said in a statement that "the governor believes that leading ACLI for eight years is the right length of time.”

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Kempthorne, who also represented Idaho in the Senate, echoed in a statement that now “is the appropriate time for ACLI to transition to a new president and CEO,” adding that he would be working with the board to find a successor “while maintaining continuity and momentum in our state, federal and international efforts this year.”

“I look forward to leading ACLI through a positive and productive 2018,” he said.

The group spent $3.2 million to lobby the federal government from January to October last year and more than $4.5 million in all of 2016.

Kempthorne had a total compensation of more than $2.3 million in 2015, according to the most recent tax forms available.

Politico first reported the news.