26 July 2019Analysis

Tokio Marine HCC names president of its stop loss group

Jay Ritchie, executive vice president and chief operating officer of Tokio Marine HCC’s (TMHCC) stop loss group, has been promoted to president of that business.

The promotion is effective from August 1, with the incumbent, Daniel Strusz, continuing to serve the division as chairman. The pair will work together to strategically grow its stop loss and organ transplant blocks of business, said Strusz.

TMHCC covers over 3,000 self-funded employers and union plans for medical stop loss, and another 1,000 groups with organ transplant insurance.

Susan Rivera, chief executive officer of Tokio Marine HCC, said Ritchie had been instrumental in the success of the organisation, including the stop loss captive business and Taft Hartley self-funded plans.

“He has also been very involved in the industry, serving the Self-Insurance Institute of America (SIIA) as chairman of the government relations committee, as well as chairman of the self insurance political action committee, before becoming chairman of the board in 2017,” added Rivera.

Ritchie said: “Our market continues to evolve with new challenges, and we see great opportunity to continue to build on our capabilities and cost management solutions for our clients and their members.”