ATLANTA--(BUSINESS WIRE)--Munich American Reassurance Company (MARC), a leading life and disability reinsurance company in the United States, is delighted to announce the appointment of Ari J. Lindner, FSA, MAA to Senior Vice President, U.S. Structured Solutions – Savings & Income Business.
In his role, Lindner will be responsible for development and growth of customized life and variable annuity guarantee reinsurance transactions that include material financial market risk, such as equity performance guarantees, interest rate exposure, and foreign exchange risks, and helping clients with other strategic capital management objectives related to these risks.
“Ari’s role demands critical analysis of clients’ risk appetite, capacity and capabilities and his exceptional experience is a tremendous asset to MARC and our customers,” stated Michael DeKoning, president and CEO, Munich American Reassurance Company. “He not only possesses deep acumen of the technical and strategic complexities that structured solutions require, but he understands that putting the customer first and understanding their business objectives is the real key to success. We are thrilled to have him on the team.”
Prior to joining MARC, Lindner most recently served as the head of the life reinsurance business for a global multi-line reinsurer headquartered in Bermuda, as well as Chief Risk Officer for a global life insurance business. He was primarily responsible for developing and managing the company’s variable annuity guarantee reinsurance business, as well as overseeing the risk, underwriting, and claims functions for the life insurance and reinsurance businesses.
Lindner holds a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania, and he is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.
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.