Munich Health North America Selects Travis Micucci to Lead Munich Re Stop Loss Business Wire PRINCETON, N.J. -- January 7, 2014 Munich Health North America announced today that Travis Micucci has been appointed President of Munich Re Stop Loss, effective immediately. “Travis is a seasoned leader with a strong record demonstrating both confidence and consistency in achieving profitable growth,” said Donna Peterson, President & CEO of Munich Health North America. “We are pleased to have found such a high caliber individual to lead Munich Re Stop Loss into the future. The hiring of Travis demonstrates the commitment Munich Re has to this dynamic segment of the health industry.” Travis was previously with Sun Life Financial where he held the position of Regional Vice President responsible for their eastern region’s stop loss distribution. Travis spent almost twenty years with Sun Life Financial holding a variety of positions including Leader of the Stop Loss Underwriting and Medical Risk Teams, Group Sales Manager for the Cleveland and NYC offices, and sales representative in the Tampa office. Sun Life Financial is the second largest writer of Stop Loss reinsurance. Joining Munich Health, Travis will be based in Munich Re Stop Loss’s Andover, MA office and will report directly to Donna Peterson. He will be responsible for developing and implementing business strategy, enhancing client relationships and growing the stop loss business. “This is a great opportunity and I look forward to the challenge of growing the Munich Health brand in the US,“ said Travis. Munich Health is one of three business segments of Munich Re. Here all international health care business in insurance and reinsurance operations, as well as related services are pooled under the Munich Health brand. 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 2012, the Group – which combines primary insurance and reinsurance under one roof – achieved a profit of €3.2bn on premium income of around €52bn. It operates in all lines of insurance, with around 45,000 employees throughout the world. With premium income of around €28bn 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 major 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 2012, ERGO posted premium income of €19bn. 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 €214bn 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. Contact: Munich Health North America Robert Aristarco, +1 609-243-4343 Media Relations firstname.lastname@example.org www.munichhealthna.com
Munich Health North America Selects Travis Micucci to Lead Munich Re Stop Loss
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