Orlando, Florida, March 26, 2009 (BUSINESS WIRE) – Hannover Life Reassurance Company of America “Hannover Life Re”, announced today the appointment of Steve Najjar as Executive Vice President, Senior Markets and General Counsel, effective March 23, 2009. Steve will be based at the company’s Orlando, Florida office and will also serve as the Chief Integration Officer.
Most recently, Steve served as the Executive Vice President, Chief Operating Officer and General Counsel of Universal American Corp.'s insurance subsidiaries, as well as the Chief Compliance Officer of Universal American Corp. and its affiliates. During his tenure, Universal American's revenues grew from less than $1 billion to in excess of $5 billion resulting in unprecedented net income. Prior serving for Universal American Corp., Steve occupied various executive positions with affiliates of the Hannover Re Group, including serving as President and Chief Executive Officer of Clarendon Insurance Group Inc., and he spent six years with Hannover Life Reassurance Company of America in executive positions including General Counsel and Chief Operating Officer. Prior to joining Hannover Life Re, Steve practiced law in Atlanta, Georgia with Morris, Manning and Martin.
Steve is a Regent’s Scholar from Georgia State University College of Law with a Journalism undergraduate degree from the University of Georgia. He is a former law clerk to Georgia Supreme Court Chief Justice Leah Sears Ward.
In his new role, Steve is responsible for the overall leadership of our Senior Markets business, legal and regulatory affairs of the Company and its affiliates as well as the integration of our other U.S. offices. Pete Schaefer, President and Chief Executive Officer of Hannover Life Re, commented, “I am very excited that Steve has agreed to rejoin us. We welcome him as a member of our executive team and look forward to his contributions to the Company.”
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. Hannover Life Re is rated "A" by A.M. Best. With a gross premium of around 8 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 is rated "AA-" by Standard & Poor’s and "A" by A.M. Best. Additional information about the Company can be obtained from its web site at www.hlramerica.com
Marketing Communications Specialist
Hannover Life Re