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Top Conseco executive killed when struck by helicopter blade

May 21, 1997 GMT

INDIANAPOLIS (AP) _ A top executive of the financial services company Conseco Inc. was killed today when he was struck by a helicopter rotor blade at Indianapolis International Airport, authorities said.

Lawrence W. Inlow, 46, of Carmel, an executive vice president and the secretary and general counsel of Conseco, died in the accident, which happened at the company hangar about 8:15 a.m., the company said.

The helicopter was on the ground and Inlow had just left the craft when he apparently walked into the path of the main rotor, a Federal Aviation Administration staffer at the FAA’s Great Lakes Operations Center near Chicago. He declined to give his name.

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There were no other injuries.

Inlow helped direct acquisitions at Conseco. He has been instrumental in its growth from a company managing $103 million in assets in 1985 to more than $27 billion today. Conseco’s pending acquisition of Colonial Penn Life Insurance for $460 million in cash and notes, announced earlier this month, follows seven other purchases announced over the previous 14 months.

``This is a devastating personal blow to everyone in the Conseco family,″ company co-founder and chairman Stephen C. Hilbert said in a statement.

Inlow and his wife had seven children, said Conseco spokesman James Rosensteele.

Inlow, a graduate of Harvard Law School, joined Conseco in 1986 after leaving the Indianapolis law firm of Henderson, Daily, Withrow and DeVoe, where he had been a partner.