American Re Corporation Announces Resignation of Robert K. Burgess.Business Editors PRINCETON, N.J.--(BUSINESS WIRE)--March 1, 2002 American Re Corporation announced that Robert K. Burgess, Executive Vice President, General Counsel and Secretary of American Re, has resigned from the Company, effective March 8, 2002, to pursue other interests. At the Company's request, Mr. Burgess has agreed to serve as a consultant to American Re on such legal and other matters as the Company may request from time to time. Mr. Burgess joined American Re as Senior Vice President, General Counsel and Secretary in April, 1995. Over the ensuing en·sue intr.v. en·sued, en·su·ing, en·sues 1. To follow as a consequence or result. See Synonyms at follow. 2. To take place subsequently. years his responsibilities grew to include oversight of American Re's Claims and Human Resource Divisions, its Strategic Investments Unit, as well as its Internal Audit, Property & Facilities, and Investor Relations Investor relations The process by which the corporation communicates with its investors. and Corporate Communication Departments. He has also been a member of American Re's Board of Management. Prior to joining American Re, Mr. Burgess was a senior partner at the national law firm of Latham & Watkins. Edward J. Noonan, 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 American Re, said, "Bob Burgess has been a valuable and important member of American Re's senior management team, bringing a unique mix of legal and business expertise to the Company, especially during the period since its acquisition by Munich Re Munich Re AG, in German Münchener Rück AG (ISIN: DE0008430026), is the world's second largest reinsurance company with over 5,000 customers in 160 countries and has its headquarters in Munich, Germany. in November, 1996. We wish Bob every success as he embarks on the next stage of his career." American Re, a member of the Munich Re Group, is one of the leading writers of 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. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Through its subsidiaries, it provides treaty and facultative facultative /fac·ul·ta·tive/ (fak´ul-ta?tiv) not obligatory; pertaining to the ability to adjust to particular circumstances or to assume a particular role. fac·ul·ta·tive adj. 1. reinsurance, insurance, and related services to insurance companies, other large businesses, government agencies, pools and other self-insurers, in the United States and abroad. It has received the highest insurance ratings from A.M. Best, Moody's and Standard & Poor's. The Munich Re Group, whose business also includes primary insurance and asset management, has a preeminent position in the global reinsurance industry. It is headed by Munich Reinsurance Company of Munich, Germany, and includes reinsurance subsidiaries, branches, service companies and liaison offices in more than 60 locations worldwide, serving insurers in more than 150 countries. |
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