ERC P&C Re Americas Names Chief Underwriting Officer.Business Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com. OVERLAND PARK, Kan.--(BUSINESS WIRE)--Sept. 5, 2001 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 (ERC (database) ERC - An extended entity-relationship model. ), a GE company (NYSE NYSE See: New York Stock Exchange :GE), today named Mike Moncada to the role of Chief Underwriting Officer for its P&C Re Americas business unit. Moncada joins ERC from American Re-Insurance Company where he was Senior Vice President and General Manager for American Re's Broker Group. As Chief Underwriting Officer, Moncada will be responsible for managing all underwriting processes and metrics, developing consistency across the Americas underwriting teams, and assist in the design and development of new products. Moncada also will lead a team of product experts, or Centers of Excellence, who provide technical consulting and expertise to the underwriting staff and customers. "I am pleased to bring Mike Moncada into this role," said Rick Smith, President & 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 ERC P&C Re Americas. "Mike brings strong leadership, and technical skills to our organization, as well as experience in both the direct and broker market channels. At ERC we are dedicated to developing a `best in class' underwriting organization and Moncada will play a key role in moving us toward our objective," Smith continued. Moncada also has experience in the primary insurance market with Aetna and also reinsurance underwriting experience with Reliance Reinsurance and Frankona Reinsurance. Moncada earned his Bachelors degree from the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). , Berkley and a MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Temple University. ERC P&C Re Americas is a $1.8 billion business that includes all of ERC's reinsurance business in North, Central and South America. P&C Re Americas markets its facultative and treaty products and services through a select group of reinsurance intermediaries and on a direct basis. 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, life, healthcare and professional liability insurance and reinsurance and other risk management services. ERC has earned the highest ratings in the industry. More information on ERC is available at www.ercgroup.com. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.090501/bb8. |
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