Munich American Reassurance Company

Promotions and New Officers

ATLANTA, October 31, 2006—I am pleased to inform you that the following resolution was passed at the Board of Directors meeting held on I am please to inform you that the following Officers of MARC were promoted as directed at the Board of Directors meeting that took place on October 26, 2006:


Name Promoted From Elected or Promoted To
Paul J. Buckley Assistant Vice President Second Vice President
Rebecca F. Cahill, FSA, MAAA Associate Actuary Assistant Vice President & Actuary
Mark J. Costello, FSA, MAAA Associate Actuary Assistant Vice President & Actuary
Michael T. Freeman Assistant Secretary Assistant Vice President
Paul J. Miller, FLMI, ACS Assistant Secretary Assistant Vice President
Betty C. Neimy, FLMI, PCS, ARA Assistant Secretary Assistant Vice President
Brent H. Arnold, ASA Assistant Actuary Associate Actuary
Stephen V. Banks, ASA Actuarial Associate (Non-officer) Assistant Actuary

These changes will be effective December 31, 2006.

Please join me in congratulating these colleagues.

David M. Holland
Vice Chairman, President and CEO
Munich American Reassurance Company

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