Tokio Marine reveals new CEO of stop loss group

Specialty insurance group  Tokio Marine HCC has appointed a new chief executive officer (CEO) of its stop loss group, replacing Daniel Strusz.

Strusz has retired as chairman of the stop loss group after nearly 20 years of service at Tokio Marine HCC. He will serve as a consultant till the end of October.

Jay Ritchie, currently serving as president of the same group, has been named chief executive officer, effective June 1.

Susan Rivera, Tokio Marine HCC chief executive officer, said Strusz 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."

Rivera added: “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.”

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