REM Appoints Riney as President and CEO

December 16, 2003

Risk Enterprise Management Limited (REM), a provider of property and casualty third party administration (TPA) services, announced that Mike Riney, formerly president of REM’s TPA operations, has been appointed president and CEO of REM. This appointment follows the successful transition of responsibilities to Riney from REM’s founders Peter Johnson and Chuck Callahan.

“Peter Johnson and Chuck Callahan built a strong service organization, jointly leading REM since its founding in 1995. Our loss cost management practices, customer orientation and information solutions are the result of their vision,” said Riney. “REM will continue to sharpen its focus on growing its TPA business, providing high quality claims, managed care and information solutions to risk managers, wholesalers, insurers, reinsurers and brokers.”

Riney is a 26-year veteran of the insurance claims and TPA business. He began his career as an adjuster trainee with Continental Insurance, ultimately becoming senior vice president and chief claims officer of Continental Loss Adjusting and president of Continental Rehabilitation Resources. He joined REM in 1995 as executive vice president and chief claims officer, and was appointed president of TPA operations in 1998.

REM ( is owned by Zurich Financial Services and provides claims, managed care and risk management TPA services to businesses, insurers, reinsurers and brokers in the United States.

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