Acordia RE Opens Dallas Office, Names Robert F. McGarry Senior Vice President.Business Editors CHICAGO--(BUSINESS WIRE)--Feb. 26, 2004 Acordia RE announced today that Robert F. McGarry has joined the organization as Senior Vice President. Mr. McGarry is responsible for 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. production and management of the Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. office of Acordia RE. Most recently, Mr. McGarry was with JLT JLT Journal of Lie Theory JLT Jardine Lloyd Thompson Group PLC JLT Junior Leader Training (Boy Scouts of America) JLT Just Like That JLT Junior League of Toronto JLT Junior League of Tulsa JLT Junior League of Tampa Re Solutions, where he was the manager and head of production, for the Dallas, Texas office. Mr. McGarry has almost 40 years of insurance and reinsurance experience. During the course of his career as an insurer, reinsurer re·in·sure tr.v. re·in·sured, re·in·sur·ing, re·in·sures To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. and intermediary, Mr. McGarry has held a broad range of positions and responsibilities within claims, client services, marketing, program placement and new business production. He began his career with Liberty Mutual Insurance Company. After ten years with Liberty he moved into the reinsurance business with American Reinsurance Company. Mr. McGarry has worked on the reinsurance intermediary side with HS Fox which was later acquired by Guy Carpenter and later he was with Benfield Greig. Mr. McGarry received his bachelor of arts in economics from Columbia University, following service in the United States Marine Corps United States Marine Corps (USMC) Separate military service within the U.S. Department of the Navy (see U.S. Navy), charged with providing marine troops for seizure and defense of advanced bases and with conducting operations on land and in the air in connection with . "Bob is an excellent addition to the Acordia RE team and provides us with the ability to extend our reach into Texas, a new geographic area for Acordia RE. This is also important to Acordia, Inc., as well as, Wells Fargo," 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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