Printer Friendly

ANN C. STERN NAMED PRESIDENT AND CEO OF FINANCIAL GUARANTY INSURANCE

ANN C. STERN NAMED PRESIDENT AND CEO OF FINANCIAL GUARANTY INSURANCE
 STAMFORD, Conn., Jan. 21 /PRNewswire/ -- Ann Stern has been appointed president and chief executive officer of Financial Guaranty Insurance Company (FGIC), a subsidiary of GE Capital, it was announced today. Stern has been managing director and general counsel of FGIC. She succeeds Stephen Berger, who has been appointed executive vice president of GE Capital.
 "Ann Stern brings extensive legal experience, credit underwriting and management skills to this position," said Gary C. Wendt, president and chief executive officer of GE Capital. "The ability to move Ann Stern into this position is evidence of the management strength and depth within GE Capital."
 In addition to serving as managing director of FGIC in 1991, Stern was a member of the firm's executive committee and structured finance underwriting committee, where she has had extensive management and underwriting responsibility. Stern joined FGIC in 1984 as vice president, general counsel and secretary. She began her legal career as an associate at Brown, Wood, Ivey, Mitchell & Petty (now Brown & Wood) in 1977 and later became a partner of the firm Wood, Dawson, Smith & Hellman in 1983.
 Stern received a B.A. degree in political science in 1974 from the University of Chicago and a J.D. from the University of Chicago Law School in 1977.
 A wholly owned subsidiary of GE Capital, FGIC Corporation, through its subsidiary, Financial Guaranty Insurance Company, has established itself as a leading insurer of securities sold in the capital markets, principally municipal bonds. The company also guarantees a growing variety of structured debt issues outside the municipal market.
 GE Capital, headquartered in Stamford, is one of the nation's largest diversified financial services companies with assets of $77.4 billion.
 -0- 1/21/92
 /CONTACT: Anthony B. Zehnder of GE Capital, 203-357-4728, or David Caouette, 212-607-3009, for Financial Guaranty Insurance/ CO: Financial Guaranty Insurance Company; GE Capital ST: Connecticut IN: INS SU: PER


CK -- NY088 -- 1898 01/21/92 13:32 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 21, 1992
Words:330
Previous Article:KEVIN McCORMICK, TINA NIDES ENTER INTO TWO-YEAR AGREEMENT WITH PARAMOUNT PICTURES
Next Article:CULBRO REPORTS EARNINGS
Topics:


Related Articles
KENNETH C. MLEKUSH NAMED EXECUTIVE VICE PRESIDENT FOR JEFFERSON PILOT LIFE INSURANCE AND SENIOR VICE PRESIDENT OF JEFFERSON-PILOT CORPORATION
FRANCISCO L. BORGES JOINS FINANCIAL GUARANTY INSURANCE COMPANY AS DIRECTOR OF PUBLIC FINANCE
GUARANTY NATIONAL CORP. NAMES DENNIS J. LACEY TO BOARD OF DIRECTORS
GUARANTY NATIONAL CORPORATION NAMES JAMES R. POULIOT TO EXECUTIVE VICE PRESIDENT AND CEO-ELECT
GUARANTY NATIONAL CORPORATION NAMES JAMES R. POULIOT TO EXECUTIVE VICE PRESIDENT AND CEO-ELECT
Guaranty National Corporation Promotes Roy Vega to Senior Vice President of Collateral Protection Unit
Executives.
Nationwide Appoints Three To New Leadership Posts.
Former Texas Secretary of State Bomer Named President of Four Life Insurance Companies.
Triad Guaranty Promotes Foster to Executive Vice President.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters