Munich Health North America Announces David Sipprell to Lead New Managed Care Unit

PRINCETON, N.J.--(BUSINESS WIRE)--Munich Health North America (MHNA) announced today that David Sipprell will lead a newly created Managed Care unit. Mr. Sipprell was previously with Allianz Life for 19 years where he helped lead their Managed Care business and was instrumental in building the Broker Distribution channel.

“I look forward to the opportunity to join the Munich Health team”

“Dave is a welcome addition to our executive team,” said Donna Peterson, President & CEO of MHNA. “He is a proven strategic leader, an experienced managed care executive, and has built strong relationships with the managed care broker community.”

Mr. Sipprell, who will be based in Minneapolis, will report directly to Ms. Peterson and be responsible for growing MHNA’s managed care excess business. “I look forward to the opportunity to join the Munich Health team,” he said. “By working closely with their reinsurance and stop loss units, we will be able to offer our brokers and managed care clients the full range of Munich Health’s risk solutions.”

MHNA’s new Managed Care unit, which will be responsible for HMO Re and Provider Excess business, is expected to go live March 1. During the next few months Mr. Sipprell with be meeting with brokers and clients and establishing the Minneapolis office. During that time existing managed care business will continue to be handled by the current underwriting teams. In March existing business will begin transitioning to the new unit.

Mr. Sipprell can be reached at 612-280-5362 or via e-mail at [e-mail]

Munich Health is one of three business segments of Munich Re. Here all international health care business in insurance and reinsurance operations, as well as related services are pooled under the Munich Health brand.

Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. Munich Re creates value for clients, shareholders and staff alike. In the financial year 2011, the Group – which combines primary insurance and reinsurance under one roof – achieved a profit of €0.71bn on premium income of around €50bn. It operates in all lines of insurance, with around 47,000 employees throughout the world. With premium income of around €27bn from reinsurance alone, it is one of the world's leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after risk carrier.