Reinsurance Leader, Munich American Re, Signals Continued Growth and Change for Group...

Reinsurance Leader, Munich American Re, Signals Continued Growth and Change for Group Department and Strategic Initiatives

ATLANTA--(Business Wire)--
Munich American Reassurance Company, one of the leading life and
living benefits reinsurance companies in the United States, announced
the appointments of Stephen Rulis as Vice President - Group and Thomas
Penn-David as Vice President - Business Development, effective August
1, 2008.

Mr. Rulis headed Munich American's Group Actuarial area for the
last five years. In this role, he was responsible for financial
management of the group reinsurance portfolio and for pricing and
product support for group life insurance, disability and credit
products. In 2007, Mr. Rulis was appointed President of MARCo, a South
Carolina captive insurance company that allows Munich American to
reinsure certain types of casualty insurance such as Involuntary
Unemployment Insurance.

Mr. Penn-David has assumed a variety of roles in his 25-year
career at Munich American. He will be moving from Vice President -
Group to the newly created business development position. Mr.
Penn-David will provide support and expertise to the Life, Group and
Living Benefits departments in the growth and enhancement of Munich
American's business offerings.

"Over the last 18 months, Munich American has been engaged in an
exciting process of revitalization and change," said Lloyd Steinke,
Executive Vice President. "We have ambitious goals to grow our
business and better serve our clients. Across the company we are
working to increase capacity, broaden product offerings, strengthen
technical capabilities and enhance the value we bring to our clients.
With Steve and Tom in these new roles, Munich American is
well-positioned to achieve our goals, in the Group department and
across the enterprise."

About Munich American

Munich American Reassurance Company, founded in 1959, is one of
the largest reinsurers in the U.S. offering life, disability and long
term care reinsurance to insurance companies throughout the United
States. The company also writes group, credit and other reinsurance
products. Headquartered in Atlanta, with an office in Chicago, Munich
American is licensed, accredited or authorized in all fifty states;
Washington, D.C.; Guam; and Puerto Rico. The company is a member of
the Munich Re Group which operates in all lines of business, with
around 37,000 employees at over 50 locations throughout the world.
With premium income of around EUR 22bn from reinsurance alone, it is
one of the world's leading reinsurers.

Release Summary:

Munich American Reassurance Company, providing reinsurance of life
insurance and living benefits insurance in the United States,
announced appointments to Group and Business Development departments.

Keyword Tags:

group insurance, insurance, life insurance, reinsurance

For Munich American Reassurance Company
Carol W. Sullivan, FLMI
AVP - Corporate Marketing
770-350-3224
CSullivan@MARCLife.com

Copyright Business Wire 2008