GE ERC Builds World-Class Accident and Health Organization Through Superior Leadership; Reinsurer Names Product Leaders for Two Growth Portfolios.Business Editors OVERLAND PARK, Kan.--(BUSINESS WIRE)--April 6, 2004 GE's 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) (NYSE NYSE See: New York Stock Exchange :GE) today announced two senior appointments in the US Accident and Health division of its Global Life and Health (GL&H) business. Dan Cathcart has been appointed Long Term Care (LTC) Product Leader and Rohit Shenoy has been appointed Critical Illness (CI) Product Leader. Cathcart will have responsibility for the LTC reinsurance portfolio, including customer and third-party supplier relationships. Cathcart joined ERC's US Accident and Health team in 2002 and has served as Pricing Leader for LTC reinsurance. Cathcart holds a Mathematics Economics degree from Colgate University. He 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. (ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus 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. (MAAA MAAA Member of the American Academy of Actuaries MAAA Mid-America Arts Alliance MAAA Model Aeronautical Association of Australia MAAA Montreal Amateur Athletic Association (Quebec) MAAA Metropolitan Area Agency on Aging ), a Certified Life Underwriter (CLU) and holds a Corporation for Long-Term Care Certification (CLTC CLTC Certified in Long-Term Care CLTC Community Long Term Care CLTC Chapter Leadership Training Conference ). Shenoy will help build ERC's US CI portfolio, leveraging the customer service leadership and expertise that ERC has developed in the UK, where it is a leading reinsurance supplier for CI. He will also have responsibility for the Personal Accident portfolio. Shenoy joined ERC's Business Development team in 2001 from GE's Financial Management Program and has been involved in a number of the company's acquisitions and dispositions. He is a graduate of Bentley University with a degree in Finance. "These appointments underscore our commitment to delivering world-class customer service on a foundation of superior risk analytics," said Nick von Moltke, ERC's US Accident and Health Business Leader. "Dan brings tremendous insight to our LTC customers from implementing a rigorous pricing process across the portfolio and leading the restructuring of our Canadian portfolio. Rohit brings a strong finance background and a strategic view of the business from his time experience in negotiating business development transactions." Employers Reinsurance Corporation (NYSE:GE) is a company that protects lives, property and reputations. ERC serves clients with reinsurance and commercial insurance and other risk management services. More information on ERC is available at www.ercgroup.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion