Munich Re Grows its Expertise in the Group Disability Market with the Addition of Three Industry Veterans

ATLANTA--(BUSINESS WIRE)-- Munich American Reassurance Company, the U.S. individual and group life and disability reinsurance subsidiary of Munich Re, announces three new hires for its Group business effective April 20, 2015. Munich Re is the leading excess reinsurer of US group long term disability business as well as the second largest and fastest growing US group life reinsurer.

Matt Clark joins Munich Re as Senior Group Underwriter. In this role, Matt will be providing underwriting, consulting, best practice reviewing, and training services to group life and long term disability reinsurance clients. Over his 30-year career in group insurance, Matt has been involved in group life and disability products in underwriter, underwriting management, sales, and consulting roles. Most recently, he served as a senior pricing consultant and disability product lead for one of the leading large case life and disability carriers in the U.S. market. Matt is actively involved in the Group Underwriters of America Association (GUAA) as a member of its Disability Committee.

Ann Gunby will serve as Group Claims Account Representative. Ann has more than 25 years of direct claims experience with a strong focus on long term disability claim management. Ann also brings extensive knowledge of FMLA and group life and waiver products, and will be responsible for delivering expert disability claim analysis, consulting, and training for Munich Re clients.

John Murphy joins Munich Re as Assistant Vice President and Group Actuary with over 25 years of group disability experience. John has proven expertise in modeling disability risk, and pricing group disability, life, and AD&D products. In his new role, John will be responsible for supporting Munich Re's group disability products, including reinsurance pricing, facultative case review, and managing block profit and loss.

“I’m excited to have Matt, Ann, and John join our Group business,” says Steve Rulis, Vice President of Group Reinsurance for Munich American Reassurance Company. “These additions reinforce our commitment to providing the extraordinary service our growing client base has come to expect and deserve from us.”

“Munich Re strives to deliver outstanding products and strong technical expertise and services to the U.S. group life and disability market,“ says Mike DeKoning, President and Chief Executive Officer of Munich American Reinsurance Company. “By expanding our Group talent base, we will continue to help our clients drive their growth.“

With over 50 years of experience in reinsuring group products, Munich American Reassurance Company is the leader in excess reinsurance for the group disability market. The combination of global financial strength and local market knowledge delivers the expertise in policy design, underwriting, and claims to ensure that clients’ products are both competitive and profitable.

Munich American Reassurance Company, founded in 1959, is one of the largest reinsurers in the U.S. offering life and disability reinsurance to insurance companies throughout the United States. Headquartered in Atlanta, with an office in Chicago, Munich American is licensed, accredited or authorized in all fifty states; Washington, D.C.; Guam; and Puerto Rico.

Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. This is how Munich Re creates value for clients, shareholders and staff. In the financial year 2014, the Group – which combines primary insurance and reinsurance under one roof – achieved a profit of €3.2bn on premium income of over €48bn. It operates in all lines of insurance, with over 43,000 employees throughout the world. With premium income of around €27bn from reinsurance alone, it is one of the world’s leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after risk carrier. Its primary insurance operations are concentrated mainly in the ERGO Insurance Group, one of the leading insurance groups in Germany and Europe. ERGO is represented in over 30 countries worldwide and offers a comprehensive range of insurances, provision products and services. In 2014, ERGO posted premium income of €18bn. In international healthcare business, Munich Re pools its insurance and reinsurance operations, as well as related services, under the Munich Health brand. Munich Re’s global investments amounting to €227bn are managed by MEAG, which also makes its competence available to private and institutional investors outside the Group.

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.

Munich American Reassurance Company

Media Relations, Atlanta

Bill Skowronnek, 770-350-3222

Fax: 770-350-3306

[email protected]

Source: Munich American Reassurance Company