PITTSBURGH, July 17, 2014 /PRNewswire/ -- David Daley has joined HM Insurance Group (HM) as the vice president, underwriting and pricing, for the managed care reinsurance program marketed as RBS Re. David will be responsible for all aspects of underwriting, pricing and actuarial product development for this segment of the business.
"As part of our ongoing commitment to the managed care reinsurance space, this newly added role will continue to position us for growth and provide creative solutions to emerging health care risks," said Elizabeth (Liz) Midtlien, president of RBS Re. "We are excited to have someone with David's experience and industry knowledge."
As leader in risk management, HM sees first-hand the importance of reinsurance. The diversification that the RBS Re program delivers is very complementary to HM's employer stop loss business.
"We are pleased to have David join the organization and are confident that his experience and record in the industry will enable him to provide great insight into the strategy and growth of the RBS program," Alex Soria, executive vice president of RBS Re said. "I look forward to working with David and Liz to continue to grow this book of business."
David comes to HM from Reinsurance Group of America, where he served as vice president and chief underwriter for health care reinsurance. Prior to that, he held numerous insurance and reinsurance underwriting leadership positions both global and domestic.
A program of HM Insurance Group, RBS Re provides reinsurance solutions for HMOs, health plans, providers, ACOs and self-funded employers by developing innovative products that reflect the changing dynamics of the health care market.
Headquartered in Pittsburgh, HM Insurance Group is a recognized leader in risk management. In addition to the RBS Re program, HM's product portfolio features employer stop loss nationally and workers' compensation in Pennsylvania.
HM Life Insurance Company, HM Life Insurance Company of New York, HM Casualty Insurance Company and Highmark Casualty Insurance Company have "A-" (Excellent) ratings from A.M. Best Company. Through its insurance companies, HM Insurance Group holds insurance licenses in 50 states and the District of Columbia and maintains 23 regional sales offices across the country. For more information about HM Insurance Group, visit www.hmig.com
SOURCE HM Insurance Group