ALEXANDRIA, Va., — Armed Forces Benefit Association (AFBA) and 5Star Life Insurance Company today announced that Craig Piers has elected to retire as President of 5Star Life Insurance Company after 12 years of service with the company. Mark Singleton succeeded Piers as President effective June 27, 2012.
“Craig has put in place the foundation that has made 5Star Life such a success. Under his strong leadership and strategic guidance, he has built a team that has brought 5Star Life’s insurance in force from $32.6 billion to $40 billion. He has increased the policies and certificates from 466,000 to 687,000. He has also increased shareholder’s equity from $53 million to $92 million. We have been fortunate to have Craig leading the Life Company and we wish him the very best in his well-deserved retirement,” said General Ed Eberhart, USAF (Ret.), Chairman and President, AFBA. read more »