ORLANDO, Fla.--(BUSINESS WIRE)--Hannover Life Reassurance Company of America “Hannover Re US” announces promotions within the company and the retirement of David Wheat.
After 35 years in the insurance and reinsurance industries, David, Executive Vice President and Chief Financial Officer, will retire effective June 30, 2017. Prior to joining Hannover Re US, David was CFO at ING Americas, which followed 17 years with EY, ending as a partner in its US insurance practice. Peter Schaefer, President and Chief Executive Officer of Hannover Re US, commented, “David has served as CFO since 2010, and his leadership and expertise has been an important contributor to our success. We wish David the very best.”
Clint Thompson is promoted to executive vice president and CFO, effective January 1, 2017. Clint has been the Chief Risk Officer for Hannover Re US since 2011. Before joining Hannover Re US, Clint served as a Senior Risk Officer for AEGON where he was, among other things, responsible for coordinating market risk and asset-liability management. “Clint has done an outstanding job building a first-class risk organization. I am confident that Clint will add immediate value to the organization in his new and expanded role,” said Peter. Clint received a Bachelor of Science in mathematics from Colorado Mesa University and Master’s degree from Ball State University. Clint is a Fellow of the Society of Actuaries (FSA) and a Member of the American Academy of Actuaries (MAAA). Clint is based at the company headquarters in Orlando, Fla.
Lisa Smith is promoted to Executive Vice President and Chief Operations Officer, effective January 1, 2017. Lisa’s new role includes responsibility for Information Technology, Human Resources and the Mortality Solutions business unit operations for Hannover Re US. Lisa joined the company in 2009 as senior vice president of operations when Hannover Re US acquired the ING reinsurance portfolio from Scottish Re. Peter commented, “With Lisa’s excellent track record of operational leadership, combining our operations, information technology and human capital under her guidance will serve our organization well going forward.” Lisa holds a Bachelor of Science in economics from Bates College in Lewiston, Maine. Lisa is based at the company’s office in Denver, Colo.
About Hannover Re US
Hannover Life Reassurance Company of America (Hannover Re US), which is licensed and/or accredited in all 50 states, the District of Columbia, Puerto Rico and Guam, is the North American life and health reinsurance subsidiary of the Hannover Re Group. Hannover Re, with gross premium of around EUR 16.4 billion, is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with around 2,500 staff. Established in 1966, the Hannover Re Group today has a network of more than 100 subsidiaries, branches and representative offices worldwide. The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior").