Mr. Sorensen was appointed as Non-Executive Chairman in March 2014 and he has served as an Independent Director of Encore since December 2011.
Mr. Sorensen is former Chairman of the International Insurance Society and has also served as Chairman of the International Advisory Council of Principal Financial Group. He was Chairman of Principal International, serving from 2011 to 2012, and President and Chief Executive Officer of International Asset Management and Accumulation of the Principal Financial Group, serving from 2001 to 2011. He also served as Executive Vice President of both Principal Financial Group, Inc. and Principal Life Insurance Company from 2007 to 2012, and has held a number of other senior management positions dating back to 1998.
Mr. Sorensen served as a senior executive of American International Group, Inc. (insurance services) from 1989 to 1997. He is also a former Chairman of DE Master Blenders, a Senior Advisor to Deloitte LLP and a Senior Advisor to Prudential PLC.