FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Coventry, the creator and leader of the secondary market for life insurance, announced today that it has promoted Gary Kuchera to Chief Origination Officer. In his new role, Kuchera will leverage the expertise he has developed during his time at Coventry to accelerate the company’s policy origination efforts and identify and pursue strategic opportunities. The move comes amid growing demand for Coventry’s life settlement solutions, which allow policyowners to sell their unwanted or unneeded life insurance policies.
“This is an important appointment in the natural evolution of our company,” said Reid Buerger, Coventry’s CEO. “To achieve our long-term goals, it is critical that we create new opportunities for key leaders to bring their knowledge and experiences to different areas of the business. Gary is a thoughtful and results-oriented leader whose ability to form and maintain relationships will serve both him and the company well as he steps into this position.”
Kuchera joined Coventry in 2006 and has served in numerous roles at the company, including most recently as Senior Vice President, Finance. He holds an M.B.A. in Finance and Strategic Management from Villanova University and a Bachelor’s degree from the Catholic University of America.
Coventry created the secondary market for life insurance, coining the term “life settlement” to describe the transaction that enables policyowners to sell their unwanted or unneeded life insurance policies. For more than 20 years, Coventry has been the life settlement market leader, driving the industry forward and expanding opportunities for policyowners. Since its founding, Coventry has completed more than $40 billion in longevity-linked transactions. To learn more about Coventry, please visit www.coventry.com.