16 June 2021Actuarial & underwriting

Tokio Marine HCC reshuffles management in stop loss group as chairman steps down

The chairman of Tokio Marine HCC’s (TMHCC) stop loss group has stepped down from that role after nearly 20 years of service to the company.

Daniel Strusz retired as chairman of TMHCC’s stop loss group, but will continue to serve that business as a consultant until October 31, 2021.

Jay Ritchie, who currently serves as president of the stop loss group, has been named chief executive officer, where he will oversee and help deliver new solutions for TMHCC’s stop loss and organ transplant businesses.

The TMHCC stop loss group covers over 3,000 self-funded employers and union plans for medical stop loss and another 1,000 groups with organ transplant insurance. By listening to the demands of the market, the group has developed exceptional products, unparalleled resources and value-added services that set it apart in the industry.

Susan Rivera, TMHCC’s CEO, acknowledged Strusz’s many contributions and achievements, noting that his “significant industry experience and knowledge” had helped grow a leading stop loss group.

She added: “For 25 years, [Ritchie’s] vision and expertise have helped shape our stop loss business, including the stop loss captive business and Taft-Hartley self-funded plans, as well as the industry as a whole through his participation in the Self-Insurance Institute of America (SIIA).”