Summit Re and GE ERC Healthcare Boost Sales Team

Larry Jackson Named Director, Underwriting For Summit Re

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Aug. 10, 2004--Summit Reinsurance Services Inc., and ERC Healthcare, a division of GE Commercial Insurance, today announced the appointment of Larry Jackson to Director, Underwriting of Summit Re.

Jackson joins the Summit Re team with more than 18 years of experience in the healthcare actuarial arena, specifically employer stop-loss and HMO reinsurance. In his new role, he will underwrite HMO reinsurance and assist in various managed care pricing and experience review projects.

"Larry brings knowledge and expertise to our organization that's critical to our growth strategy," said Brian Fehlhaber, Principal of Summit Re. "We help our valued HMO clients retain their independence with products and services specific to their markets, and expanding our sales and service team helps us deliver what our clients need."

Summit Re is a reinsurance intermediary broker, placing risks with ERC Healthcare in the HMO excess of loss reinsurance product line. ERC Healthcare agreed to an exclusive relationship with Summit Re in the HMO excess of loss reinsurance line in 1999.

"We look forward to achieving strategic growth and expansion with the addition of Larry's talent," said Robin Sterneck, President of ERC Healthcare. "Together we remain committed to this market and the customers we serve. Larry's talent will enhance an already strong team."

Before joining Summit Re, Jackson held several leadership and management positions at Lincoln Financial Group in Ft. Wayne, Indiana. Jackson holds his FSA and MAAA degrees and will be based in Ft. Wayne.

Summit Re is a full service managing underwriter and reinsurance intermediary broker that focuses exclusively on managed care reinsurance. Summit Re helps HMO clients analyze, transfer and manage risk to protect their financial stabilityGE Commercial Insurance is a division of Employers Reinsurance Corporation, a GE company (NYSE: GE). GE Commercial Insurance serves clients in property and casualty insurance, professional liability insurance, healthcare risk management and other commercial risk management services. More information on ERC is available at www.ercgroup.com.