Capital Re Corporation Appoints Larry Walters as Financial Lines Vice President.NEW YORK--(BUSINESS WIRE)--Aug. 3, 1998--Capital Re Corporation (NYSE NYSE See: New York Stock Exchange :KRE) has announced the recruitment of Larry Walters as a Vice President in their financial lines unit. He will be responsible for originating non-traditional financial reinsurance transactions, principally with life and health insurance companies, and will report to Laurence C.D. Donnelly, Executive Vice President. Mr. Walters has over twenty years of executive and managerial experience in the insurance industry. In addition to a broad actuarial and financial background in both life/A&H and property/casualty insurance, he previously served as investor relations officer for American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Home Holdings, and, most recently, USF&G Corporation, and was responsible for worldwide analyst and investor communications. Commenting on this appointment, Laurence Donnelly remarked, "Larry Walters brings to Capital Re a proven track record of success in the insurance industry. His diverse experience and relationships provide a unique perspective which will enhance our current financial lines capabilities. We are delighted to announce this hire." Mr. Walters is a graduate of Drake University and is an Associate of the Society of Actuaries Mission Statement The Society of Actuaries is a professional organization for actuaries based in North America. Its headquarters are located in Schaumburg, Illinois. and a Member of the American Academy of Actuaries The The American Academy of Actuaries, also known as the “Academy” or the AAA, is the body that represents and unites United States actuaries in all practice areas. . He also is a member of the Senior Roundtable of the National Investor Relations Institute The National Investor Relations Institute, known as "NIRI", is the professional association for investor relations professionals in the United States. NIRI was founded in 1969 and has more than 4,500 members, both from the United States and other countries. . Capital Re is a specialty 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. group providing innovative solutions to problems of risk and financial management. Capital Re is primarily engaged in financial guaranty reinsurance, mortgage guaranty reinsurance and related products, including title reinsurance, financial lines reinsurance, credit and specialty reinsurance, and specialty insurance through its participation in Lloyd's.
CONTACT: Capital Reinsurance Company, New York
Catherine C. Bailey
212/974-0100
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