November 30, 2004
Assurant Health Appoints New Senior Vice President, Chief Actuary for Group Markets
Milwaukee-based Assurant Health (NYSE:AIZ), a national provider of individual medical, small group and specialty health insurance products, announces that Mark Shaw will serve as Senior Vice President, Chief Actuary for Group Markets, effective immediately. In his new role, Shaw will have overall responsibility for pricing and rating products on the Group Markets side of the Assurant Health business.
Shaw joined the company in 2003 as Vice President, Product Development. In that role, he served as the architect of VoluntaryMart(sm) - Assurant Health's new product portfolio for the voluntary market - as well as assisting in other Development initiatives and in the Group Markets' strategy work. Shaw is a seasoned insurance executive who brings a wealth of knowledge and expertise relative to voluntary, work site and brokerage markets. He is also highly proficient in developing product, risk and pricing strategies.Shaw is a Fellow of the Society of Actuaries (1987), a Member of the American Academy of Actuaries (1984) and a Fellow of the Life Management Institute. Before joining Assurant Health, Shaw was a Senior Vice President of Corporate Risk Management for AFLAC's worldwide operations. Prior to his tenure at AFLAC, Shaw had been Senior Vice President and Chief Actuary for a total of 15 years at Conseco, Capitol American Financial and Loyal American Life.
About Assurant Health
In business since 1892, Assurant Health provides health insurance coverage for more than one million people nationwide. Assurant Health develops and provides a wide range of individual medical, small group, short term and student health insurance products, including consumer-choice products such as HSAs and HRAs. With almost 3,000 employees, Assurant Health is headquartered in Milwaukee, Wis., and has operations offices in Minnesota, Idaho, and Florida, as well as sales offices across the country. Assurant Health products are issued and underwritten by Fortis Insurance Co., John Alden Life Insurance Co., and Fortis Benefits Insurance Co. Assurant Health is found at www.assuranthealth.com.
Assurant Health is part of Assurant, a premier provider of specialized insurance products and related services in North America and selected other markets. Its four key businesses -- Assurant Employee Benefits; Assurant Health; Assurant Preneed; and Assurant Solutions -- have partnered with clients who are leaders in their industries and have built leadership positions in a number of specialty insurance market segments in the U.S. and selected international markets.
Assurant, which is traded on the New York Stock Exchange under the symbol AIZ, has over $20 billion in assets and $7 billion in annual revenue. www.assurant.com