NEW YORK, May 18 /PRNewswire/ -- Deutsche Asset Management (DeAM) today
announced the appointment of Dick Major as Director and Insurance Strategist
in the Insurance Advisory Services Group, effective, today.  Dick will work
closely with DeAM's insurance relationship managers, business development
representatives and members of the NY-based Fixed Income team in developing
overall investment programs for insurance clients.  He will report to Steve
Doire, CPA, CFA, CPCU, Regional Head of DeAM's Insurance Advisory Services.
DeAM manages approximately $125 billion of general account insurance assets
worldwide (as of December 31, 2003) and is the largest third-party US manager
of insurance general account assets.*
    Dick joins DeAM from A.M. Best Company, where he served as Head of the
Structured Finance Group.  In that capacity, he spearheaded the firm's entry
into rating securities related to insurance assets, liabilities and credits.
Other positions held at A.M Best include Managing Senior Financial Analyst,
Global Financial Services where he was responsible for rating new finite
reinsurers in Bermuda, Japanese life insurers, and a variety of insurance
institutions in the U.S. and Europe.  From 1999 - 2000, Dick was a Senior
Financial Analyst, Global Financial Services.
    Prior to A.M. Best, Dick worked with insurance M&A at Citicorp Securities;
corporate development and private placement investments at CIGNA Corporation,
and evaluated private equity investments at Bigler/Crossroads, a venture
capital fund-of-funds.
    "With the ever-increasing challenges insurance companies are facing in
today's environment, Dick's collective experience will play an instrumental
role in addressing some of the critical investment issues affecting the
industry," said Steve Doire.  "With over 20 years of experience in the
insurance  sector, Dick will be a valuable asset within the Insurance Advisory
Group and for DeAM's insurance clients.
    "With our continued success in the Insurance Asset Management business, we
are pleased to have experienced professionals, like Dick, join our dedicated
team," said Stephen Burke, Chief Executive Officer of DeAM Americas'
Institutional Business.  "DeAM's Insurance Advisory Services Group is
committed to working with insurance companies to deliver client-specific
investment programs and consistent investment outperformance."
    A graduate of Amherst College with a J.D. from Georgetown University Law
Center, Dick is a member of the Association of Insurance and Finance Analysts.

    With approximately US$725 billion in assets under management (as of March
31, 2004), Deutsche Asset Management is one of the world's leading investment
management organizations, not just in size, but in quality and breadth of
investment products, performance and client service.  Deutsche Asset
Management is geographically divided into three regions - the Americas, Europe
and Asia Pacific, providing a broad range of investment management products
across the risk/return spectrum.

    ** According to Insurance Finance and Investment News, August 2003,
       Special Report

    Deutsche Asset Management is the marketing name in the US for the asset
management activities of Deutsche Bank AG, Deutsche Bank Trust Company
Americas, Deutsche Asset Management Inc., Deutsche Asset Management Investment
Services Ltd., Deutsche Investment Management Americas Inc. and Scudder Trust
Company.

Link to this page: