April 9, 2018 - Following Kuvare’s acquisition of United Life Insurance Company
(“ULIC”) based in Cedar Rapids, Iowa, Kuvare’s
largest deal to date, Kuvare
proudly announces that it has installed Bradley Rosenblatt as the new
President. Mr. Rosenblatt explained that “United
Life is a special organization in the life and annuity arena,
that has performed well for decades, and now, as a Kuvare
business, we intend to bring a laser focus to enhancing its distribution
Prior to joining the Kuvare organization in late 2017, Mr. Rosenblatt
held executive roles at Sammons Financial, rising to the position of
Chief Distribution Officer. Previously, Mr. Rosenblatt was an
insurance industry consultant at McKinsey & Company, working for
P&C and life insurance carriers. He is a graduate of Northwestern
University, and the Ross School of Business at the University of
Kuvare also announces that, in July 2018, Joe Wieser will become
President of Guaranty Income Life Insurance Company (“GILICO”),
based in Baton Rouge, Louisiana. He will replace GILICO's current
president, John Lancaster who will retire from GILICO this summer. Mr.
Wieser joins GILICO after working nearly thirty years in the insurance
industry. Most recently, Mr. Wieser served as the President and CEO
of Colorado Bankers Life Insurance Company. Previously, he worked at Starmount Life Insurance/Always Care Benefits in
Baton Rouge, and taking the helm at GILICO will be for him, in many ways,
a homecoming to one of Louisiana's premier insurance firms.
Mr. Wieser is a graduate of Metropolitan State University (Denver) and
also holds various industry designations (CLU, ChFC,
FLMI and ALHC). GILICO, which recently celebrated its 92nd anniversary in
business, provides consumers with life and annuity solutions sold
primarily through independent marketing organizations.
acquired GILICO in late 2016, and then in 2017, under Kuvare’s
first full-year of ownership, GILICO increased premium levels by 153%.
Regarding 2017 performance and Mr. Wieser’s
arrival at the company, Mr. Lancaster stated, “GILICO just completed one
of its finest years in its long history as a pioneer in the annuities
world, and this is the perfect moment for Joe Wieser to take the reins
that I have so proudly carried for GILICO the past 20 years. He and
I will work closely together the next few months in transition.”
Upon Mr. Wieser becoming GILICO’s President, Mr. Lancaster will
remain with the Kuvare organization as the Special Advisor to the
Chairman, focusing his efforts on field distribution relationships.
Mr. Wieser commented on his appointment, “I am
honored to have been selected by Kuvare as GILICO’s next President.
Following John Lancaster, a respected leader for many decades in the
Baton Rouge business community and the national insurance industry,
energizes me to lead GILICO to greater heights.”
In addition, Kuvare
recently appointed Kevin Hovi as the Chief
Financial Officer and Chief Risk Officer in Bermuda, for Kuvare Life Re.
Mr. Hovi is
responsible for KLR’s reinsurance operations, including finance,
investments and risk management. Additionally, he will provide risk
management support across all of Kuvare. Most recently, he has held
senior finance positions in Bermuda as Chief Financial Officer of
Longitude RE Limited, and with XL Catlin in
progressively senior investment roles. Mr. Hovi
attended the University of Waterloo in Canada and holds various finance
and investment designations (CPA, CA, CFA). Dhiren Jhaveri commented
that, “KLR is fast becoming an important component of Kuvare’s organizational strength, and we are thankful
to have a talented and multi-faceted financial leader like Kevin Hovi to guide our Bermuda operations.”