Mark Lawrence has accepted the role of president of HM Insurance Group (HM), as Tom Doran, who will continue as the company’s chief executive officer (CEO), takes on more responsibility within the Highmark Health Plan, which is part of HM’s parent company, Highmark Inc.
“Mark has been a trusted resource to me and our entire leadership team since he came on board, and I am confident that he will provide the right guidance for HM Insurance Group’s continued success,” Doran said. “He’s already built tremendous relationships with our customers while meeting profitability goals and knows the importance of taking a smart approach to guarding the financial health of our clients.”
Lawrence previously served as senior vice president, underwriting, for HM, and now, as president, will be responsible for the company’s overall strategy, operational management and executive leadership. He has more than 20 years of experience in insurance and reinsurance and expertise in the development of long-term, profitable relationships in the accident, health and reinsurance markets.
“I’m excited to be entrusted with this opportunity to further shape the direction of HM,” Lawrence said. “From day one, I’ve been impressed with the people here, and I’m looking forward to continued collaboration in providing the right Stop Loss and Managed Care Reinsurance solutions for our clients.”
As part of this change, Greg Sullivan has been named senior vice president, business enablement, expanding his role to include leadership of underwriting at HM, while also heading up actuarial services, strategy and the project management office.
Lawrence joined HM in February 2018 from Everest Reinsurance Company, a global leader in reinsurance and insurance, where he served as the chief underwriter with top and bottom line responsibility for multiple lines of business including primary self-funded medical, insurance and reinsurance for direct and partner relationships. Prior to his time at Everest Reinsurance Company, he held underwriting positions with Canada Life Assurance Company and LDG Re, a division of HCC. He holds a Bachelor of Arts degree in Anthropology from the University of Regina, located in Regina, Saskatchewan, Canada.
Sullivan joined HM in October 2019, bringing more than 30 years of insurance experience and expertise in all facets of stop loss, actuarial services, underwriting, life and health insurance, reinsurance, risk management and finance. During his career, he helped FullscopeRMS start up its Stop Loss Solutions vertical and spent 14 years in a leadership role running Cigna’s stop loss business. His work experience also includes time with several other top insurance companies, including Hartford Life. He is a graduate of Lafayette College in Easton, Pennsylvania, has attained the Fellow of the Society of Actuaries (FSA) designation and is a member of the American Academy of Actuaries.
About HM Insurance GroupHM Insurance Group (HM) works to protect businesses from the potential financial risk associated with catastrophic health care costs. The company provides reinsurance solutions that address risk situations confronting employers, providers and payers. A recognized leader in employer stop loss, HM also offers managed care reinsurance nationally. Through its insurance companies, HM Insurance Group holds insurance licenses in 50 states and the District of Columbia and maintains sales offices across the country. For more information about HM Insurance Group, visit hmig.com.