GE’s Employers Reinsurance Corp. (GE ERC), based in Kansas City, Kan., named Richard F. Smith its chief operating officer and Marc Meiches as its chief investment officer.
As chief operating officer, Smith, 44, will lead continuing reinsurance, commercial insurance and life insurance business units as well as the company’s property/casualty product management teams. Smith has previously been responsible for the company’s $4 billion property/casualty reinsurance operations.
Meiches, 51, will be responsible for investment portfolios totaling $57 billion, business development and the management of discontinued operations. Meiches will continue to serve also as the company’s chief financial officer until a replacement is selected.
Both Smith and Meiches are vice presidents of the General Electric Co., and will continue to report to Ron Pressman, who is chairman, president and CEO of GE ERC.
Louis Parker, 49, who had served as commercial insurance leader, has been promoted to a senior role at GE Infrastructure. Alfred Stanley, 41, who had led GE ERC’s life and health reinsurance team, has accepted a position outside the company.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
