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SHELTON, Conn.--(BUSINESS WIRE)--May 12, 2004 ZON Re, "The Accident Reinsurance Company", announced today that Kieron P. Farrelly a 23-year Accident & Health Reinsurance industry professional has joined ZON Re-USA as Executive Vice President. Mr. Farrelly was most recently Senior Vice President of AON Re's Global Life, Accident and Health Insurance Division headquartered in New York City. He previously served as a Senior Vice President and Field Manager of the Duncanson and Holt (D&H) Group for over 15 years. Prior to joining D&H, Mr. Farrelly was a Broker with Alexander and Alexander. Mr. Farrelly will be responsible for Excess of Loss Treaty Reinsurance programs and will office in ZON Re's Mt. Olive, NJ, Underwriting and Claims unit.  "We are enthusiastic about Kieron's move to ZON Re," said W. Brian Harrigan, President and CEO of ZON Re-USA headquartered in Shelton, Connecticut. Additionally, "To meet our objective of becoming "The Accident Reinsurance Company", we will need to add to our core team of highly skilled Accident Reinsurance Underwriters. We look to add senior industry executives with great depth of experience and a broad knowledge and understanding of the Market. Keiron Farrelly has an industry veteran's view of current and historical market dynamics that complements both our senior underwriting and senior management team."
"I am excited to join the ZON Re Accident Reinsurance team," stated Mr. Farrelly. He continued, "This is a highly entrepreneurial firm, comprised of senior Insurance and Reinsurance Industry veterans with a clear vision and purpose. Their database driven underwriting approach combined with their focus on delivering outstanding service and superior results for their clients, holds significant appeal for me after more than 23 years in the Accident & Health Reinsurance business." ZON RE-USA COMPANY PROFILE: ZON Re-USA headquartered in Shelton, Connecticut, is an operating division of UICI (NYSE:UCI) focused on the underwriting and management of Accident Reinsurance programs. For more information please visit www.zonre.com.
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