Tokio Marine HCC, a member of Tokio Marine Group, has appointed Jay Ritchie as Chief Executive Officer of its Stop Loss Group after it was announced that Daniel Strusz will be retiring at the end of October.
Ritchie currently serves as President Stop Loss Group and was previously President of HCC Life Insurance Company.
Prior to HCC Life, he worked for USBenefits Insurance Services and Acordia of the South.
Tokio Marine HCC – 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.
Susan Rivera, Tokio Marine HCC Chief Executive Officer commented: “We want to thank Dan for nearly 20 years of service at Tokio Marine HCC, while acknowledging his many contributions and achievements.
“Possessing significant industry experience and knowledge, he has been an invaluable leader who has helped us grow our Stop Loss Group to become one of the leading providers of stop loss insurance. We congratulate Dan and wish him the best in retirement.
“We are pleased to name Jay as Chief Executive Officer of the Stop Loss Group. For 25 years, his 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).
“We look to Jay to continue the evolution of our stop loss and organ transplant businesses by delivering new solutions and greater value to employer groups in the self-funded industry.”
Ritchie added: “Dan is completing an outstanding career in the insurance industry, and it has been a pleasure working with him over the last two decades. I applaud him for all of his success and hope he finds retirement as fruitful as his time at Tokio Marine HCC.”