Acordia RE Names Jason Witthun Account Executive, for its Lawrenceville, NJ office.Business Editors CHICAGO--(BUSINESS WIRE)--Feb. 26, 2004 Acordia RE announced today that Jason Witthun has joined the organization as an Account Executive in Lawrenceville, N.J. Most recently, Witthun worked for American E&S, Acordia's excess and surplus lines division, based in the Florida office where his focus was on catastrophe driven property accounts. Witthun began his insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. career in London, with Heath Lambert in 2000 as a broker at Lloyd's of London Not to be confused with Lloyds Bank or Lloyd's Register. Lloyd's of London is a British insurance market. It serves as a meeting place where multiple financial backers or “members”, whether individuals (traditionally known as . He brokered various classes of wholesale and reinsurance business for a worldwide client base in the London market. Later, he moved back to the U.S. to continue working with Heath Lambert in Miami, Fla., where he utilized both his multi-lingual and reinsurance skills as a property facultative reinsurance intermediary focused on clients based in the Caribbean, as well as, Central and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . "Jason's international background and knowledge of Latin American reinsurance business makes him a valuable new member of our team handling Acordia RE's growing portfolio of business emanating from our relationship with Assure and IRB IRB See: Industrial Revenue Bond Brazil," said Al Blanton, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Acordia RE. Acordia RE's home office is in New Jersey and is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Acordia, Inc., headquartered in Chicago, Ill. Acordia, Inc. is the world's sixth largest insurance brokerage and the largest bank-owned insurance brokerage in the U.S., with over 150 offices in 38 states. Its 4,500 insurance professionals place in excess of $6.5 billion of risk premiums with expertise in property, casualty, benefits, international, personal lines and life products. Acordia is a subsidiary of Wells Fargo & Company, a $381 billion diversified financial services company. For more information about Acordia RE, visit www.acordiare.com or call 609-450-1100. |
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