Benfield Blanch Hires Dan Malloy to Lead Financial Risk Management Practice.Business Editors WESTPORT, Conn.--(BUSINESS WIRE)--Jan. 31, 2003 Benfield Blanch blanch to become pale. , part of Benfield Group, one of the world's leading 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. intermediaries, has appointed Dan Malloy to lead the company's premier Financial Risk Management practice. Mr. Malloy began has been a leader in the reinsurance industry for over 20 years. His experience includes executive positions with John F. Sullivan and Centre Re where he served as President of Centre Re Bermuda and Chief Underwriting Officer of the Zurich Re North America Finite Team. He is currently President of Stockton Reinsurance Limited in Bermuda and is a member of their Board of Directors. "Benfield Blanch has a reputation for being a very innovative, dynamic company that does a great job for their clients," said Mr. Malloy. "Having, at various times, been a competitor, a client, and a 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. of Benfield Blanch's, I am now looking forward to becoming a colleague." "Dan has a broad range of insurance industry experience and specialized expertise in finite reinsurance Finite Reinsurance A type of reinsurance that transfers over only a finite or limited amount of risk. Risk is reduced through accounting or financial methods, along with the actual transfer of economic risk. ." said Paul Karon, President of Benfield Blanch. "We are confident that our clients will benefit from his knowledge. We are fortunate to have secured his services." Mr. Malloy is a native of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and graduated from Dartmouth College in 1981 with a Bachelor of Arts degree in Biology. He will reside in New York with his wife and daughter. Mr. Malloy will be based in Benfield Blanch's New York office effective April 1, 2003. Benfield Blanch is part of Benfield Group, one of the leading reinsurance intermediaries in the world. Headquartered in the UK, it provides a range of specialist reinsurance, insurance and risk advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to a global customer base. |
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