Financial services holding firm CNO Financial Group announced the appointment of Karen DeToro as chief risk officer, effective June 15.

DeToro has served as chief actuary at CNO since September 2019 and will continue to hold the position in addition to serving as chief risk officer. In this expanded role, DeToro assumes responsibility for risk management strategy for CNO and its insurance businesses from Tim Bischof, who is leaving CNO as of June 12 to pursue another opportunity.

DeToro will lead practices related to risk governance as well as advise on embedded and emerging risks and will continue reporting directly to Chief Executive Officer Gary Bhojwani.