BNET Industries

Ceres Group Inc.

is in the Financial Services Industry

Last Fiscal Year Sales:$472.5M
  • Private
  • US
Dow Jones Description

Ceres allows its clients to cease worrying about getting sick. Founded in 1964 and headquartered in Strongsville, OH, Ceres Group, Inc. is a provider of health and life insurance products. It offers PPOs and indemnity health coverage, group life, annuities and dental, medical and pharmaceutical benefits. It also operates a senior segment, which provides health, life and annuity products for persons over age 54. The company had 2005 revenue of about $472.5 million and employs approximately 610 people. In August 2006, the company completed its merger with Great American Financial Resources, Inc. It is now a wholly-owned subsidiary of GAFRI.

President & CEO
Tom Kilian
Number of Employees 607
Contact Information

17800 Royalton Rd

PO Box 247007

Strongsville, Ohio 44136-5197

www.ceresgroupi...

1 216 572 2400

NAICS Code Direct Life Insurance Carriers: 524113

News & Analysis

ceres group inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Tom Kilian President & CEO
David Vickers CFO & Executive Vice President
Ernie Giambra Executive Vice President & Chief Marketing Officer
Mark Billingsley Chief Actuary & Executive Vice President
Bradley A. Wolfram Executive Vice President
Charles E. Miller Executive Vice President
Kathleen Mesel General Counsel, Executive Vice President & Secretary
Mark Nielsen Executive Vice President, Senior Division
Larry E. Wharton Senior Vice President
Susan M. May Senior Vice President, Sales Admin
William Curtis Klein Senior Vice President, Sales
Janet Stewart Vice President, Legal
Shawna Meyer Vice President, Actuarial

Board of Directors

Name (plus bio) Position
James J. Ritchie chairman
Lisa Ruh Chairman of the Board
William J. Ruh Chairman
Bradley E. Cooper Board of Directors
Lynn C. Miller Board of Directors
Michael A. Cavataio Board of Directors
Robert A. Spass Board of Directors
Susan F. Cabrera Board of Directors

Organization Position Status
Ceres Group, Inc. President & CEO Current
Ceres Group, Inc. Board of Directors Current
Central Reserve Life of North America Insurance Company President Former
CRL Asset Management Corp. Chairman Former

Organization Position Status
Ceres Group, Inc. CFO & Executive Vice President Current
Ceres Group, Inc. Board of Directors Current
CRL Asset Management Corp. Cfo Former

Organization Position Status
Ceres Group, Inc. Executive Vice President & Chief Marketing Officer Current

Organization Position Status
Ceres Group, Inc. Chief Actuary & Executive Vice President Current

Organization Position Status
Ceres Group, Inc. Executive Vice President Current

Organization Position Status
Ceres Group, Inc. Executive Vice President Current

Organization Position Status
Ceres Group, Inc. General Counsel, Executive Vice President & Secretary Current

Organization Position Status
Ceres Group, Inc. Executive Vice President, Senior Division Current

Organization Position Status
Ceres Group, Inc. Senior Vice President Current

Organization Position Status
Ceres Group, Inc. Senior Vice President, Sales Admin Current

Organization Position Status
Ceres Group, Inc. Senior Vice President, Sales Current

Organization Position Status
Ceres Group, Inc. Vice President, Legal Current

Organization Position Status
Ceres Group, Inc. Vice President, Actuarial Current

Mr. Ritchie has served as director since September 2003 and as chairman of the board since October 2005. As executive chairman of the board, Mr. Ritchie leads the work of the board of directors particularly with respect to our strategy development and monitoring its execution. He has over 28 years of experience in the insurance and financial services industries, particularly in the U.S. and international insurance and reinsurance industries. From February 2001 until May 2003, he served as managing director and chief financial officer of White Mountains Insurance Group, Ltd.'s OneBeacon Insurance Company, and Mr. Ritchie most recently served as Managing Director and Chief Financial Officer of White Mountains Insurance Group's OneBeacon Insurance Company, and had previously served as a group Chief Financial Officer and as a consultant for White Mountains Insurance Group, Ltd. Before that, Mr. Ritchie held various positions with CIGNA Corporation, including Chief Financial Officer of the company's international division and head of its internal audit division. Prior to Mr. Ritchie's insurance career, he was a Senior Audit Manager at Price Waterhouse. Mr. Ritchie is a certified public accountant and a member of the American Insurance Association, the American Institute of Certified Public Accountants and the Institute of Internal Auditors.

Organization Position Status
White Mountains Insurance Group, Ltd. Chief Financial Officer Current
White Mountains Insurance Group, Ltd. Managing Director Current
Ceres Group, Inc. chairman Current
American Insurance Association Board of Directors Current
Ceres Group, Inc. Board of Directors Current
American Institute of Certified Public Accountants Board of Directors Current
American Insurance Association Member Current
American Institute of Certified Public Accountants Member Current
CIGNA Corporation chief financial officer Former
Quanta Capital Holdings Ltd. Chairman Current

Organization Position Status
Ceres Group, Inc. Chairman of the Board Current
Pacific Ridge School Secretary Current
Hanmi Financial Corporation Director Current
Vent-Rite Valve Corporation Director of Marketing Former
Syracuse University Bachelor of Science Degree In Marketing Former

Organization Position Status
Castle Creek Financial LLC Executive Vice President Current
Castle Creek Financial LLC Co-Founder Current
Castle Creek Financial LLC Principal Current
Bank One Corp Current
Pacific Ridge School Current
Ceres Group, Inc. Chairman Current
Mocapay Board Member Current
Ceres Group, Inc. Board of Directors Current
Castle Creek Financial LLC President Former
First National Bank of Chicago Commercial Lending Officer Former
Hanmi Financial Corporation Board of Directors Former
The State University of New York Bachelor of Science Degree Former
Stateuniversity.Com Bachelor of Science Degree Former
State University of New York Maritime College Bs Degree Former

Organization Position Status
Ceres Group, Inc. Board of Directors Current

Organization Position Status
Ceres Group, Inc. Board of Directors Current

Organization Position Status
Ceres Group, Inc. Board of Directors Current

Robert A. Spass has served as a Director since July 1999. Mr. Spass is the Chairman of the Board, Chief Executive Officer, a Partner and co-founder of Capital Z, which owns 23.5% of our voting stock, and Chairman of the Board, Chief Executive Officer, a Partner and co-founder of Union Square Partners Management, LLC, the successor firm of Capital Z Management, LLC. Union Square, an affiliate of Capital Z's successor fund, is the owner of approximately 4.9% of our voting stock, assuming that requisite clearances, approvals or waivers are obtained that would permit the exchange of the shares of series A preferred stock for shares of series B preferred stock. Prior to founding Capital Z in 1998, Mr. Spass was the Managing Partner and co-founder of Insurance Partners, L.P. from 1994 to 1998. Prior to the formation of Insurance Partners, L.P., Mr. Spass was President and CEO of International Insurance Advisors L.P. from 1990 to 1994. Prior to that, Mr. Spass was a Director of Investment Banking at Salomon Brothers from 1984 to 1990 and a Senior Manager for Peat Marwick Main & Co. from 1978 to 1984. Mr. Spass serves on the board of directors of Endurance Specialty Holdings, Ltd., and Lancashire Holdings Limited.

Organization Position Status
Capital Z Chief Executive Officer Current
Nutravel Technology Solutions, LLC Partner of Capital Z Financial Services Partners Current
Capital Z Chairman of the Board Current
U.S.I. Holdings Corporation Board of Directors Current
Nutravel Technology Solutions, LLC Board Member Current
Lancashire Holdings Limited Board of Directors Current
Endurance Holdings, LLC Board of Directors Current
Ceres Group, Inc. Board of Directors Current
Nutravel, Inc. Board Member Current
Universal American Financial Corp. Board of Directors Current
Endurance Specialty Holdings Ltd. Director Current
International Insurance Advisors CEO Former
International Insurance Advisors President Former
Capital Z Co-Founder Former
Salomon Brothers Director of Investment Banking Former
Salomon Brothers, Inc. Director Former
Aames Financial Corporation Director Former
Aames Investment Corporation Board of Directors Former
State University of New York at Buffalo B.A. Former

Organization Position Status
Ceres Group, Inc. Board of Directors Current
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