Electric Insurance Company Names Marc Meiches New CEO.BEVERLY, Mass. -- Electric Insurance Company has named Marc A. Meiches, 53, President and Chief Executive Officer, effective July 1, 2006. Meiches will succeed Larry Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. who has been acting 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. since April 2005. Meiches comes to Electric Insurance from GE Insurance Solutions (GEIS GEIS Generic Environmental Impact Statement GEIS Global Emerging Infections Surveillance (DoD) GEIS Global Emerging Infections System GEIS General Electric Information System GEIS Generic Edited Information Set ) where he was the Executive Vice President and Chief Financial Officer. He joined GEIS in 2000 with more than 20 years of financial experience in creating and leading global organizations. GEIS, with over $10 billion in premium and over $50 billion in combined assets, was comprised of 2,500 employees in 50 states and 22 countries. The Company was recently sold to Swiss Re Swiss Re is the world’s largest reinsurer, now that it has acquired GE Insurance Solutions (Ligi 2006). Founded in 1863, Swiss Re now operates in more than 30 countries. General Electric owns 8.9% of the firm. . Prior to GEIS, Meiches was EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition , Chief Operating and Financial Officer at GE Capital Aviation Services, based in Stamford, CT. He is a former GE Corporate Audit Staff member and a graduate of the Financial Management Program (FMP FMP FileMaker Pro FMP Forest Management Plan FMP Full Metal Panic (anime) FMP Fixed Maturity Plan FMP Federación de Mujeres Progresistas (Spanish: Federation of Progressive Women) ). He began his GE career in 1978 after graduating from the University of Nebraska, and was named a GE Officer in 2000. "I am excited to join Electric Insurance," said Meiches. "I look forward to continuing to build on our history of providing world-class service to GE and to our personal lines agents and policyholders." Electric Insurance is a premier provider of personal lines insurance products offered at competitive rates with outstanding customer service. Originally incorporated in 1966 to serve the needs of GE's employees, Electric Insurance has since expanded its auto, homeowners, and umbrella insurance products to consumers through their independent agent channel and direct-to-consumer website. Electric Insurance is a direct benefit provider of Personal Excess Liability insurance to the GE workforce. In addition, the Company is an insurer, 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 third-party administrator for many of GE's insurance programs. Electric Insurance manages approximately $160 million in personal lines premium for nearly 125,000 policyholders and holds solid credit ratings of "A-/Excellent" from A.M. Best and "A/Strong" from Standard & Poor's. |
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