GEORGE G. ZIMMERMAN
Mr. Zimmerman commenced his career
in reinsurance in 1969 as an intermediary, working for Guy Carpenter & Company
in the Life, Accident, and Aviation department. Simultaneously, he was in their
executive training program, which term ran for one year. In 1973 he joined the
firm of Pritchard& Baird in Morristown, New Jersey as an Assistant Vice President
and commenced their Life, Accident,& Health department. In January of 1975 he
was made a Vice President of his department. Mr. Zimmerman was responsible for
the development of new business, maintaining existing accounts, and the hiring
of support staff. Upon the break up of Pritchard & Baird in 1976 Mr. Zimmerman
worked as a Vice President of Paul Napolitan Inc.,a reinsurance Intermediary owned
by AIG. In 1978, Mr. Zimmerman was offered the challenge of constructing an Accident
& Health underwriting syndicate for the Emmet & Chandler Group assigned to their
reinsurance brokerage firm, PRI,Inc.,in Parsippany, New Jersey. Seven months into
the planned twelve month project, Mr. Zimmerman successfully completed the new
facility, comprised of ten "A" rated Life Insurance Companies which was titled
(PARG), Pinehurst Accident Reinsurance Group. PARG had the capacity to write up
to $300,000 per individual and up to $ 3 million of aggregate capacity.
In November of 1980, Mr. Zimmerman
founded Zimmerman / Green, a reinsurance intermediary located in Morristown, New
Jersey. John R.D.Green, was Chairman of the company, along with his responsibilities
as Chairman of the prestigious Lloyds of London brokerage firm, Blackwall, Green.
Mr. Zimmerman guided the company to revenues that increased between 22% to 35%
per year during the first twelve years. During 1983, Mr. Zimmerman orchestrated
the purchase of an off shore captive Insurance Company, U.S. CAP, Ltd. From E.Benjamin
Nelson, who was then appointed by President Jimmy Carter to head up the National
Association of Insurance Commissioners, and who is now a United States Senator
(D) from Nebraska.
Also in 1983, Mr. Zimmerman constructed
an underwriting syndicate comprised of five "A" rated Insurance companies to underwrite
all forms of Accident & Heath Reinsurance. During the first five years of operation,
he was the President and Chief Underwriter of this facility. Upon moving this
company to Hartford, Connecticut, he hired an underwriting staff, and returned
to the solicitation and management of the Zimmerman Reinsurance Group. By 1990,
the combined revenue of all three companies totaled $8.9 million. The average
balance in all fiduciary accounts exceeded $ 400 million. In addition to his staff
of 55 employees, he also contracted the services of two Actuarial firms, an Insurance
auditing Company, Internal CPA Auditing Firm, and the legal council of Riker,
Danzig, Scheerer, Hyland, & Perretti, LLP.
Mr. Zimmerman has experience in
soliciting and placing all forms of reinsurance covers including niche lines of
business as Livestock, Bloodstock, Satellite, Aviation, Non-Performance, Financial
Guaranty, Kidnap & Ransom, and most recently Terrorism Coverage.
Mr. Zimmerman also purchased the
rights to REBUS, a software platform used by reinsures, and intermediaries. It
was installed in 1986, and altered for the specific needs of the companies in
Mr. Zimmerman attended Fairleigh
Dickinson University, and Saint Peters College for undergraduate
studies, and received a Reinsurance certificate from the
College of Insurance in 1971. In addition Mr. Zimmerman
has held the following licenses: Life & Health (New Jersey
1970), Reinsurance Intermediary (New York 1978 - 2001),
Mediation (American Arbitration Association 1993). Mr. Zimmerman
has served as a Mediator and Arbitrator in Insurance & Reinsurance
disputes, and as an expert witness. He has also written
industry articles that were published in Global Reinsurance
International Magazine, and the Businessmen's Monitor. He
has also guest lectured at the College of Insurance, Mid
Western Home Office Underwriters Annual Meeting, and the
BMA's Bi-Annual corporate meetings in the Cayman Islands,
and Scottsdale Arizona.
Mr. Zimmerman is a certified arbitrator
and member of ARIAS, a society for insurance and reinsurance
arbitrators and umpires, and ReArb, an arbitration association.
In addition, Mr. Zimmerman is certified by the American
Arbitration Association for mediations.
He also wrote a fictional business
novel that was published by Rutledge Books titled The Class of "88". In May of
2002 he released a CD that he wrote titled, "Patriots Day Anthem." In August 2004
Mr. Zimmerman wrote and published an educational and entertaining children's book
titled, "Dougie and the Dane".
He was inducted in "Whose Who
In Business" in 1994.
Mr. Zimmerman has served on the
Board of several companies both insurance / reinsurance and non-insurance related