Executives.VP-Chief Medical Officer Named For Three Aegon USA Companies Dr. Bruce Purvis has been named vice president and chief medical director for three Aegon USA/Transamerica companies: Transamerica Occidental Life Insurance Co., Transamerica Life Insurance & Annuity Co. and Transamerica Assurance Co. Purvis will oversee the companies' medical staffs and all aspects of insurance medicine. He is based in Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). Mo. Previously, Purvis was second vice president and medical director for Transamerica Occidental. Before joining Transamerica, he was 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. medical director and vice president for Business Men's Assurance Co. for 14 years. Millers American Group Names Drawert to be Chairman-CEO Millers American Group Inc. (formerly known as Millers Mutual) has appointed James G. Drawert as chairman and chief executive officer of the Fort Worth, Texas-based company. Drawert, a 36-year veteran of the property/casualty insurance industry, has served as president of Trinity Universal, Dallas, and senior vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the southern region for CNA (Certified NetWare Administrator) See Novell certification. personal lines. He is chairman of the Insurance Council of Texas and is past president of the Association of Fire and Casualty Companies of Texas. Nationwide Names 3 to Top Posts Nationwide, Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. , has named three people to new leadership positions at the company. Michael S. Helfer has been named executive vice president for corporate strategy, a new position. Helfer was a partner at Wilmer, Cutler & Pickering, an international law firm based in Washington. He was chairman and chief executive officer of the firm from 1995 to 1998. Donna A. James is executive vice president and chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive . Corporate communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. , human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , information technology and the Nationwide Services Co. will be consolidated under the new administrative office. James was senior vice president and chief human resources officer for the company. She joined Nationwide in 1981. Richard D. Headley is president and managing director of Nationwide Global Holdings and will oversee all international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , including Nationwide's German subsidiary Neckura. Headley joined Nationwide in 1997 as chief information technology officer. In 1999, Headley was elected executive vice president and was given added responsibility for Gates McDonald, Nationwide Health Plans and the Medicare operation. Federated Connected and treated as one. See federated database and federated directories. Elects Annexstad Chairman of the Board Federated Cos., Owatonna, Minn., elected Al Annexstad as chairman. Annexstad will assume the duties of chairman in addition to his current responsibilities as president and chief executive officer. He succeeds C.I. Buxton II, who had been chairman for 34 years. Buxton was elected chairman emeritus by the board at the same meeting. He will continue as a director. Chubb Corp. Names Russ to Be President-CEO of New Subsidiary Tobey J. Russ has been named president and chief executive officer of Chubb Financial Solutions, a newly formed subsidiary of Chubb Corp., Warren, NJ. Russ, 42, comes to Chubb from American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. Inc., where he served most recently as president of AIG's risk-finance division. He joined AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group in 1995 as senior vice president of international risk management. In October 1995, he became founding president of AIG's risk-finance division, which specializes in the development of structured financial solutions. Russ was the founding president of Arkwright Risk Solutions, a consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a that developed alternative risk strategies. ARS was a subsidiary of Arkwright Mutual of Boston. Before founding ARS in 1992, Russ spent 12 years with Arkwright in various management positions. Scottish Annuity & Life Appoints Stern as Senior Vice President Scottish Annuity & Life Insurance Co. (Cayman), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Scottish Annuity & Life Holdings Ltd., has hired Larry N. Stern as a senior vice president. Stern will head the nontraditional reinsurance division, a role previously held by Hank Sulikowski who is leaving the Georgetown, Grand Caymanbased company for personal reasons. Before joining Scottish Annuity & Life, Stern was a principal for nine years with Tillinghast-Towers Perrin. Palisades Palisades, cliffs along the west bank of the Hudson River, NE N.J. and SE N.Y., extending from N of Jersey City, N.J., to the vicinity of Piermont, N.Y., with a general altitude of from 350 ft to 550 ft (107–168 m). Safety & Insurance Selects Wilson as President-CEO Palisades Safety & Insurance Association, Hoboken, NJ., has named Gerald Wilson Gerald Stanley Wilson is an American jazz trumpeter, big band bandleader, composer/arranger, and educator. He has been based in Los Angeles since the early 1940s. [1] Wilson was born in Mississippi in 1918. He graduated from Cass Technical High School in Detroit. the company's new president and chief executive officer. Wilson will be responsible for the management and direction of company activities. Wilson takes over for Hal Belodoff, who will remain chairman while serving as 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 Plymouth Rock Plymouth Rock site of Pilgrim landing in Massachusetts (1620). [Am. Hist.: Jameson, 395–396] See : America Assurance Corp., a writer of auto insurance in Massachusetts and an affiliate of Palisades. Palisades is a membership-only auto insurance exchange owned by its members. Before joining Palisades, Wilson spent 13 years at Progressive Insurance Co., where he was involved in product and systems development, claims, distribution and finance. Hart to Head SunAmerica Financial As Kevin Hart takes over the reins as president and chief executive officer of SunAmerica Financial Network Inc., he has his eye on a major target. He is going to help the company's wholly owned broker-dealer network grow from more than 9,000 representatives to 15,000 by 2003. Hart joined SunAmerica in 1995 as executive vice president and national sales manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → , SunAmerica Retirement Markets, and is credited with helping the company's annuity business quadruple sales to the $4 billion level. Hart will maintain his current role with the annuity business, until a chief distribution officer can be found. The company said its revenues for the broker-dealer network are more than $1 billion a year. Jay Wintrob, chief operating officer and newly appointed president, said SunAmerica had taken a multifaceted approach to reaching the goal of 15,000 representatives. Much of the growth of the broker-dealer network has been through acquisitions, Wintrob said, and the company will continue to look for acquisitions selectively. Noting that it's been a year and a half since SunAmerica became part of American International Group Inc., Wintrob said the financial strength of MG and SunAmerica's strong brand identity in the financial-services arena, should be attractive to independent financial planners. Hannover Life Re Promotes Two Hannover Life Reassurance Company of America, the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. life and health reinsurance subsidiary of Hannover Re Group, has promoted Victor Castellanos to vice president of accident and health reinsurance. Michael Dickerson has been named assistant director of information systems, an officer position at the Orlando, Fla.-based company. Castellanos' responsibilities include overseeing and developing Hannover Life Re America's accident and health reinsurance product line, including marketing, underwriting, pricing, claims, treaty and administration. Before joining the company in 1997, he was with a competing reinsurance company for 11 years. As part of his new position, Castellanos will serve as a member of the senior executive committee. As an officer, Dickerson is now a member of Hannover Life Re America's management team. He has been with the company since 1996. His experience includes 12 years of systems development, management and consulting in health care and distribution. MetLife Announces Appointments Metropolitan Life Insurance Co., 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 , has announced a series of executive appointments, including: * Leland C. Launer, corporate treasurer. Launer will be responsible for overseeing treasury operations, including external capital raising, capital allocation to subsidiaries, electronic fund transfer and fostering rating agency and banking relationships. Most recently, Launer was senior vice president, individual business. Prior to that, he was part of the investments group. New Lutheran Brotherhood CEO Looks to Attract New Members Bruce Nicholson, Lutheran Brotherhood's new chief executive officer, faces the challenge of attracting new members and converting them into customers of the fraternal benefit society's insurance products, including variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. and variable universal life. Nicholson, 53, who was executive vice president, chief operating officer and president, succeeds Robert Gandrud, who retired. With $48.8 billion of in-force life insurance and $26.5 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. at the end of 1999, Minneapolis-based Lutherdn Brotherhood is one of the largest fraternal benefit societies. It has a membership base of 1.2 million Lutherans to whom it provides services geared toward financial security, charitable outreach and volunteer service. Lutheran Brotherhood enjoys tremendous loyalty among its policyholders, which translates into persistency and lower expenses, Nicholson said. But membership growth has been below company expectations in recent years, which reflects the difficulties ties associated with the expansion of the society's full-time sales force and the society's inability to increase membership through the sale of Lutheran Brotherhood financial products alone, according to A.M. Best Co. To resolve that problem, Lutheran Brotherhood has been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to attract members without requiring them to buy something. That has included getting active volunteers in local Lutheran churches to sign up as "social members." Nicholson said Lutheran Brotherhood uses a focus on stewardship to help increase membership. In return, it also will help to fulfill its obligation in helping the church to grow, not just for having more people to sell their products to, but out of a general calling, he said. "The challenge for us is how to differentiate ourselves from everybody else," Nicholson said, adding that one way is through a wide range of products. Lutheran Brotherhood is one of a limited number of fraternals to offer variable annuities, variable universal life and mutual funds, positioning it to take advantage of the shift from traditional protection-oriented products to accumulation products. |
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