Giorgio Balzer was elected a director in December, 1990. Mr. Balzer is, since August 1990, Chairman of the Board and Chief Executive Officer of Business Men's Assurance Company of America. He is also U.S. Representative for Assicurazioni-Generali, S.p.A, U.S. Branch; Chairman of Worldwide Assistance Services, Inc., Washington, D.C.; Director of CNA Surety, Chicago, Illinois; Director of Transocean Holding Corp., a Generali financial company in the U.S.
