American Re Names Wolfgang Engshuber Executive Vice President and Member of the Board of Management.PRINCETON, N.J.--(BUSINESS WIRE)--July 23, 1998--American Re Corporation announced today that Dr. Wolfgang Engshuber will join the Company as Executive Vice President and will become a member of American Re's Board of Management. American Re's asset management subsidiary, American Re Asset Management, Inc. (ARAM) and its financial products and capital markets unit, American Re Financial Products (ARFP ARFP Animal Rescue and Foster Program (Greensboro, NC) ARFP Alternate Reading Frame Protein ), part of which is the new American Re Capital Markets, Inc., will each report to Dr. Engshuber. He will also provide Board of Management level oversight
Oversight may refer to:
Currently, Dr. Engshuber is a Member of the Executive Management of American Re's parent company, Munich 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. Company, where he has responsibility for the global asset management for 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. and its branches, including Munich Re's Treasury Department, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and products, and Munich Re Capital Management. He is also a member of American Re's investment policy committee, a position he will retain as Executive Vice President at American Re. Dr. Engshuber is expected to join American Re in the fourth quarter of 1998, after relocating with his family to the Princeton area. Dr. Engshuber was granted a Masters Degree in Law in 1982 and a Ph.D. in Economics in 1986, both from the University of Munich. He also studied at the London School of Economics The School is a member of the Russell Group, the European University Association, Association of Commonwealth Universities, the Community of European Management Schools and International Companies, The Association of Professional Schools of International Affairs as well as the Golden and worked for the International Monetary Fund and the German Ministry for Developing Countries before joining Munich Re in 1986. Edward J. Noonan, President of American Re, said, "We are very excited to have Wolfgang join American Re. He brings exceptional experience to American Re in the areas of financial products and investment management, having headed Munich Re's Financial Services unit for nearly ten years and its global asset management function for three. His decision to move over to American Re will allow us to bring to our clients better the collective resources of the Munich Re Group, the world's leading reinsurance company." Kenneth W. Kaczmarek, President of ARAM, and Ruby ruby, precious stone, the transparent red variety of corundum, found chiefly in Myanmar, Thailand, and Sri Lanka and classified among the most valuable of gems. The Myanmarese stones are blood red, the most valued tint being the "pigeon's blood. Schmidt, Executive Vice President of ARFP, will continue to head those units and report to Dr. Engshuber. Paul R. McDermott, Senior Vice President of American Re-Insurance RE-INSURANCE, mar. contr. An insurance made by a former insurer, his executors, administrators, or assigns, to protect himself and his estate from a risk to which they were liable by the first insurance. 2. It differs from a double insurance (q.v. Company, among his various duties, will continue to be responsible for the Company's investment portfolio and, in that connection, will also report to Dr. Engshuber. American Re is one of the two largest writers of property and casualty reinsurance 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. , providing 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. , treaty and finite finite - compact risk reinsurance and related services to clients around the world. Its insurance and reinsurance subsidiaries have received the highest ratings from A.M. Best, Moody's and Standard & Poor's. American Re Asset Management, Inc. is a full-service investment manager focused on serving the property and casualty industry and the public entity pension market. Its professionals are dedicated to providing superior investment performance, using leading-edge investment skills and technology for both core fixed income and equity portfolio management. American Re Financial Products provides clients of American Re with a broad array of highly customized financial risk management products and service. It integrates products and services in the related areas dynamic financial analysis, integrated risk management, financial reinsurance/insurance, and structured financial transactions into a comprehensive client approach. The Munich Re Group is the leading reinsurance group in the world. 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.
CONTACT: American Re Corp.
Terese Rosenthal, 609/243-4339
Thomas H. Walker, Jr., 609/243-4679
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