The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
FENTON, Mo., Dec. 3, 2012 (GLOBE NEWSWIRE) -- Vanliner Insurance Company, a leading insurer in the moving and storage industry, announced the appointment of Ray Wise, a 25+ year insurance industry veteran, as the Company's new President.
Prior to joining Vanliner, Ray was Vice President and Chief Sales and Marketing Officer for CNA's Small Business. In addition to Ray's seven-year tenure with CNA, he served 18 years with The Hartford in a wide range of roles including underwriting, marketing, operations and product development. During his extensive career with The Hartford, Ray became a recognized leader in both home office and field positions.
"We are extremely pleased to welcome Ray to this key role on the Vanliner team," said Tony Mercurio, Chief Executive Officer of Vanliner. "He is an insurance professional with a strong reputation for building solid teams, developing new markets and driving innovation. Ray also brings an exceptional track record of establishing long-term relationships with brokers and customers, and has a history of negotiating and implementing many well-known industry products and programs. His extensive background and experience with two large national carriers will serve us well as we position Vanliner for future top and bottom line growth. We are confident that Ray's leadership will help take Vanliner to the next level of success, and adding Ray to the management team underscores our commitment to marketplace excellence."
Vanliner Insurance Company is a premier provider of insurance products for the moving and storage industry. Located in the St. Louis suburb of Fenton, Missouri, Vanliner is licensed in all 50 states and is a subsidiary of National Interstate Insurance Company. The National Interstate group of companies, including Vanliner, offer insurance products and services designed to meet the unique needs of niche markets and are rated "A" (Excellent) by A.M. Best Company.
CONTACT: Tanya Inama