Hannover Re US Announces Promotions to Strengthen Offerings across the Life and Health Markets, and Continue Expansion into the Annuity Market

ORLANDO, Fla.--(BUSINESS WIRE)--Hannover Life Reassurance Company of America (“Hannover Re US”) announces the promotions of Tiffany Norman to Senior Vice President, Head of Annuity Solutions; Aaron Kinakin to Senior Vice President, Head of Structuring; and Thomas Porter, Senior Vice President, Head of Financial Reporting and Valuation.

Tiffany Norman joined Hannover Re in 2006 as an actuarial assistant. She has since progressed through various roles in the company, developing significant expertise on reinsurance and the underlying insurance products. After significant growth in the US annuity market, the Annuity Solutions business unit was formalized in 2019 to continue serving the needs of US annuity writers, and Tiffany was appointed Vice President, Head of Annuity Solutions. Under her leadership, the business unit has expanded Hannover Re’s core offerings to include customized solutions that enable annuity clients to achieve their risk management and financial objectives across all annuity lines, as well as product development and consulting services. In her role as Senior Vice President, Head of Annuity Solutions, Tiffany will continue to be responsible for the growth and management of annuity reinsurance for Hannover Re in the US.

Aaron Kinakin joined Hannover Re in 2014 and has successfully led a variety of significant transactions for clients spanning the life, health and annuity product lines. Leveraging his actuarial, investment and capital markets expertise, Aaron has played a pivotal role in expanding Hannover Re’s offers of structured solutions to all parts of the life, health and annuity industry. In Aaron’s role as Senior Vice President, Head of Structuring, he will continue to develop new and innovative “win-win” solutions for clients and advance Hannover Re’s customer-centric approach as the market leader of structured solutions in the US.

Thomas Porter joined Hannover Re in 2005 and after moving through multiple actuarial rotations, was promoted to Vice President in 2015. During his career with Hannover Re US, Thomas has led the due diligence pricing efforts for multiple successful life transactions that added significant value for both our clients and Hannover Re. Thereafter moving to a finance role, he has been instrumental in the development of best practices on inforce management and financial reporting for life and annuity financial reinsurance transactions. In his role as Head of Financial Reporting and Valuation, Thomas will oversee all technical accounting, actuarial valuation and financial reporting functions for all life, health and annuity business for Hannover Re US. His leadership will be instrumental as Hannover Re moves into the IFRS17 framework.

“Hannover Re has become a leader in the fixed indexed annuity reinsurance market in recent years, adding to the breadth of experience we have developing solutions for our clients across all life, health and annuity product lines,” said Pete Schaefer, President and CEO of Hannover Re US. “We are excited to announce these key leadership appointments as we continue to serve our clients’ needs with innovative reinsurance solutions.”

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 and Puerto Rico, is one of the North American life and health reinsurance subsidiaries of the Hannover Re Group. Hannover Re Group, with gross premium of more than EUR 22 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 more than 3,000 staff and a network of more than 150 subsidiaries, branches and representative offices. 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"). For more information, visit www.hlramerica.com.