Appointment Underpins Focus on Risk Management at GE ERC.Business Editors OVERLAND PARK, Kan.--(BUSINESS WIRE)--June 3, 2002 Shane Wright has been named Global Risk and Underwriting Leader for GE Employers 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. Corporation's (ERC (database) ERC - An extended entity-relationship model. ) newly formed Global Property and Casualty business unit. Wright will be responsible for aligning GE ERC's P&C risk and underwriting approach, including the underwriting process and infrastructure, underwriting development and audit, as well as driving compliance. "Shane brings extensive analytical and process skills and global business experience to our team," said Rick Smith, Chief Executive Officer for GE ERC's Global P&C unit. "We see combining the Risk Management and Underwriting process roles as a natural fit giving us clearer focus on both policy and execution," Smith continued. Wright joined ERC in July of 2000 as Global Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and Analysis Leader. He started his career with GE in 1988 and has held a number of executive positions with GE businesses in Europe and Asia. He spent a period of time on the GE Corporate Audit Staff. Wright is a graduate of Whitman College in Walla Walla, Washington Walla Walla is both the county seat of Walla Walla County, Washington, and the county's largest city. As of the 2000 census, the city population was 29,686GR6. , with a Bachelor of Arts in Economics. Employers Reinsurance Corporation, a GE company, is the world's fourth largest 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 a premier global provider of risk solutions. ERC serves clients in property and casualty reinsurance, life & health reinsurance, commercial insurance and other risk management services. ERC has earned top financial security ratings Security ratings Commercial rating agencies' assessment of the credit and investment risk of securities. : more information on ERC is available at www.ercgroup.com. |
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