Munich Re Group acquired Sterling Life Insurance in 2008

Sterling Life Insurance, a provider of healthcare suits to Medicare beneficiaries, has appointed Michael Muchnicki to the position of president and CEO. Mr. Muchnicki succeeds Debbie Ahl, who retired on July 31, 2009.

Mr. Muchnicki most recently served as president and CEO of Touchstone Health Partnership. He spent most of his career at UnitedHealth Group where he served as president and CEO of the Ohio, Louisiana and South Florida markets. Muchnicki also served as regional vice president for the Southeast and the Caribbean markets, for CIGNA Healthcare.

Edward Griese, president of Munich Health North America, said: “With his extensive industry experience, track record for achieving profitable growth and strong leadership skills, I am confident that Michael will continue to establish Sterling as a leader in the seniors market. The acquisition of Sterling is a central component of the Munich Health strategy. Sterling remains committed to the Medicare market and will continue to expand its product and service offerings.”

The Munich Re Group acquired a 100% stake in Sterling Life Insurance Company in 2008.