Mark Lawrence Named President of HM Insurance Group
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…
HM Insurance Group’s Financial Strength Affirmed by AM Best
Following the annual review of financial results, the Financial Strength Ratings (FSR) of HM Life Insurance Company and HM Life Insurance Company of New York were affirmed as “A” (Excellent) by AM Best Company, which also upgraded the rating of Highmark Casualty Insurance Company to A (Excellent) from A- (Excellent). The outlook for all ratings is stable. “Continued acknowledgement of our financial strength by AM Best gives both brokers and clients confidence in our ability…
HM Insurance Group Purchases Interest in AST Risk for Growth in the Level Funded Market
HM Insurance Group (HM) has made a strategic investment in AST Risk, a leading Managing General Underwriter (MGU) for small group level funding programs managed through third party administrators (TPAs). The transaction enables the expansion of HM’s national share of the small group market that is seeking self-funded solutions backed by stop loss insurance.
HM’s investment represents a one-third interest in AST Risk, which also is owned by Allied National, one of the nation’s oldest…