Hannover Life Reassurance Company of America has appointed David Wheat as the new executive vice president (EVP) and chief financial officer (CFO), effective from March 1, 2010, to head the finance, corporate actuarial, treasury, risk management, and controller functions.

In his new role, Mr Wheat will be based in the company’s Orlando, Florida office. Most recently, he served as the chief financial officer of ING Americas. Prior to joining ING Americas, he was a partner in the Ernst & Young Insurance Practice.

Pete Schaefer, president and CEO of Hannover Life Re, said: “We are excited to have David join the Hannover Life Re team. His knowledge and experience will greatly enhance our ability to fulfil our mission by adding value for our customers and the Hannover Re group.”

Hannover Life Reassurance Company of America is the North American life and health reinsurance subsidiary of Hannover Re Group. It is a global reinsurance group and maintains business relations with around 5,000 insurance companies.