Paul A. Quaranto, JR., MBA, LLIF

Paul Quaranto is Chairman, Chief Executive Officer and President at Boston Mutual Life Insurance Company.

Under his leadership, Boston Mutual Life has achieved solid financial results and positioned itself for future success as a niche provider in the individual and workplace insurance markets.

In January 2012, Mr. Quaranto became President and Chief Operating Officer of the company. Continuing to serve as President, he was appointed Chief Executive Officer in May 2014 and Chairman of the Board of Directors in April 2016. He is only the seventh president in the company’s 131-year history.

Prior to being named President, he served as Vice President of Group Insurance for seventeen years, where he had top and bottom line responsibility for the division. He began his tenure at Boston Mutual Life as a group sales manager. Preceding his move to Boston Mutual Life, Mr. Quaranto held ten years of experience in the insurance industry with other leading carriers.

An active member of the Board of Directors for the American Council of Life Insurers (ACLI), Mr. Quaranto was named Chair-elect Designate for the ACLI and will become Chair in September 2023. In addition, he serves as Chair of the ACLI Forum 500 Board of Governors and as a member of the ACLI Board of Directors’ Executive Committee. He has previously served as Co-Chair of the CEO Steering Committee for Consumer Issues and as a member of the CEO Steering Committee on Taxation and Chair of the ACLI Political Action Committee (PAC). He is also the Chair of the Life Insurance Association of Massachusetts (LIAM).

On behalf of Boston Mutual Life, he has signed the CEO Pledge for Diversity and Inclusion and the Massachusetts Business Coalition for Early Childhood Education. He also co-authored a chapter in the book “Answer Intelligence: Raise Your AQ,” by Brian Glibkowski, PhD, MBA, based on research projects conducted at Boston Mutual Life that led to the establishment of the organization’s current brand.

Mr. Quaranto holds a bachelor’s degree in administrative science from Colby College and a master’s degree in business administration from Anna Maria College. He is also a Fellow of the LIMRA Leadership Institute.