As vice president for the Group division since 2002, Fry has worked closely alongside Taylor to manage all facets of Group operations and establish Symetra as a leader in the medical stop loss insurance market. Fry has deep expertise in the group benefits industry. Before joining Symetra, he was a senior vice president and chief operating officer of Lincoln Re Risk Management Services and previously held various management positions within Lincoln Re. Fry’s professional experience also includes a banking and public accounting background.
Randy Talbot, president and chief executive officer of Symetra Financial said, “Michael has long been an integral part of our executive team and his experience and knowledge of the group benefits market make him an ideal person to head this division. Scott’s contributions to our company over the years have been nothing short of extraordinary, and we are grateful to him. With a seamless succession plan in place, we now look to Michael to build on our great track record.”
“I am proud to step in and carry on Symetra’s tradition of success in this business,” said Fry. “Working next to Scott has been a privilege and together we’ve built one of the truly top-notch benefits teams in our industry. We are remarkably well positioned, and I am excited about where we will take the Group division.”
“It has been an honor to work with the great people at Symetra these many years,” added Taylor. “Naturally, as I looked ahead to my planned retirement, it was important to find the kind of leader who would bring continuity and embody Group’s uniquely innovative spirit. Michael understands what it takes to be successful in this business and I am supremely confident the division is in very capable hands.”
Symetra’s Group division provides employers with medical stop-loss insurance, limited medical benefit plans, group life insurance, accidental death and dismemberment insurance, and disability income insurance. Symetra is a leading provider of medical stop-loss insurance, a product which protects employers that self-fund their health care plan against large potentially catastrophic claims. Under Taylor’s direction, the company first introduced this brand of insurance in 1976, then one of the only such products available. Symetra’s medical stop-loss business has since remained consistently profitable. Over the years, the Group division has further expanded to include a wide range of additional worksite solutions designed to help employers cost-effectively meet the benefits needs of their workers.
1 Total GAAP assets per financial statements as of December 31, 2007.
All products insured by Symetra Life Insurance Company, 777 108th Ave. NE, Suite 1200, Bellevue, WA 98004-5135
All products are not available in all U.S. states or any U.S. territories
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