Orlando, Florida, May 20, 2009 (BUSINESS WIRE) – Hannover Life Reassurance Company of America “Hannover Life Re”, announced today three recent promotions within the company.
Jeff Burt has been promoted from Vice President, Marketing to Executive Vice President, Financial Solutions. Jeff, a Fellow in the Society of Actuaries (FSA), joined Hannover Life Re in 2003 as a member of the Marketing Department. Since that time, Jeff has led the Company's Financial Solutions marketing initiatives and has been the driver behind many of the largest financial transactions the Company and the Hannover Life Re Group have consummated. He was a critical contributor to the recent acquisition of the ING Re business from Scottish Re and is frequently relied upon by Group colleagues and industry peers as an expert resource on structured transactions. In his new role, Jeff will lead the Financial Solutions business unit of Hannover Life Re and participate as a member of the Company's Operational Council.
Paul Smith has been promoted from Vice President, IT to Senior Vice President and Chief Information Officer. Paul has been with Hannover Life Re since 1997 and has directed the IT Department for the Company since that time. He has served on Hannover Re’s International IT Steering Committee, which is responsible for the coordination of Hannover Re’s global IT efforts, since 2001. As the Company's CIO, Paul will be responsible for the overall direction of Hannover Life Re’s Information Technology initiatives in support of the organization’s strategic goals. As a result of the recent ING transaction, Paul’s immediate focus will include participation as a key member of the newly formed Technology Integration Committee and in this role will assist in managing much of the processes for the successful integration of the Company’s organic and acquired production systems.
Marla Lauterette has been promoted from Assistant Vice President to Vice President, Human Resources. Marla joined Hannover Life Re in 2003. Under Marla's direction, the Company has consistently distinguished itself as one of the Orlando Sentinel's Top 100 Companies to work for, which allows the Company to attract and retain the brightest and most professional individuals in the industry. She has ensured the Company's involvement in the community through its participation in the March of Dimes, Habitat for Humanity and New Hope for Kids. Marla was a critical contributor to the recent acquisition of the ING Re business from Scottish Re and she will be a leader in the on-going effort to integrate and build upon the human resources of Hannover Life Re.
About Hannover Life Re
Hannover Life Reassurance Company of America "Hannover Life Re“, is the North American life and health reinsurance subsidiary of Hannover Re Group. Hannover Life Re is licensed and/or accredited in 49 states and Puerto Rico. In New York, Hannover Life Re provides letters of credit or deposits as required. With a gross premium of around 9 billion euro, Hannover Re Group is one of the leading reinsurance groups in the world. It maintains business relations with more than 5,000 insurance companies in about 150 countries. Hannover Re and Hannover Life Re are both rated “AA-” (Stable) by Standard & Poor’s and “A” (Positive Outlook) by A.M. Best. Additional information about the Company can be obtained from its web site at www.hlramerica.com
Media Contact
Holly Cannon
Marketing Communications Specialist
Hannover Life Re
704-544-5827