Munich Health North America Selects Travis Micucci to Lead Munich Re Stop
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.
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 Health North America
Robert Aristarco, +1 609-243-4343
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