OVERLAND PARK, Kan.--(BUSINESS WIRE)--Sept. 25, 2003--GE's Employers Reinsurance Corporation (ERC) today announced several key appointments that underscore its commitment to delivering world-class customer service backed by global expertise.
-- David Bassi is the new Global Risk & Underwriting Leader for ERC's P&C reinsurance unit;
-- Cora Stahrenberg is the new Human Resources Leader for the company's P&C reinsurance unit; and
-- Constance Ward is the new Communications Leader for the company's P&C reinsurance unit.
Bassi, Stahrenberg and Ward have broad experience in reinsurance and other industries, and will be responsible for ensuring seamless coordination between the company's varied offices and functions.
David, Cora and Connie bring a global orientation to our business, said Rick Smith, President & CEO of ERC's Global P&C reinsurance unit. They think and act strategically and understand how to address the broad challenges of our industry -- both from an internal and market perspective.
Bassi helped establish ERC's first corporate Risk Management function and has served as a Regional Manager for GE Medical Protective and Risk Manager for ERC's Asia-Pacific regional unit.
His career also includes pricing and reserving positions with CNA, Commercial Union and Kemper Insurance.
Bassi will be responsible for maintaining clear alignment of the risk and underwriting processes and help lead ERC's professional development program for its underwriters. He graduated from the University of Massachusetts and is a Fellow in the Casualty Actuarial Society.
Cora Stahrenberg is a native of Germany, and has held a number of Human Resources positions at ERC. Most recently, she has employed her Six Sigma Master Black Belt designation to lead a number of key initiatives to improve the company's HR processes.
Stahrenberg has also held HR positions at Bosch-Siemens Household Appliances in Germany, and holds a Masters degree and PhD in Business Administration from the University of Kiel in Germany. She will be based at ERC's offices in Munich.
In her new role, Constance Ward will be responsible for integrating all facets of global internal and external communications in ERC's Global P&C business.
To serve the needs of the multinational organization, Ward's team will be based in London and Cheltenham, England; in Munich; and at ERC's Overland Park, Kansas, headquarters.
She has worked as a business communicator, consultant, author/editor, teacher and journalist and has experience from a wide range of industries, including pharmaceutical, oil, chemical and financial services throughout Europe.
Ward holds an MA in English/Rhetorical Theory from the University of Missouri in Columbia. She earned a Fulbright Fellowship to Bulgaria in 1989 and speaks several languages.
Photos of David Bassi, Cora Stahrenberg and Constance Ward are available on request.
GE's Employers Reinsurance Corporation (NYSE:GE) is a company that protects lives, property and reputations. ERC serves clients with reinsurance and commercial insurance and other risk management services.
More information on ERC is available at www.ercgroup.com.
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CONTACT: Employers Reinsurance Corporation
John Novaria, 913-676-5762
[email protected]
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340