Wednesday, April 30, 2025

Wade Riddle Named Chief Actuary of HM Insurance Group

Wade Riddle has been named chief actuary for HM Insurance Group. In this role, he leads the Actuarial Services team and guides the company’s efforts to develop and maintain leading-edge pricing tools, valuation methodologies, advanced analytics and optimal capital efficiency.

“This role is critical to our long-term success,” said Mark Lawrence, president, HM Insurance Group. “Our business has almost doubled in size over the past five years, and it’s more important than ever that we ensure that we have the best tools for managing risk.”

Wade joined HM in 2025 from Canada Life Reinsurance Company where he was a pricing actuary. His work experience includes time in actuarial services roles with several other top insurance companies, including PartnerRe America Insurance Company, Munich Re, Cigna and Aetna – as well as leadership experience at Guy Carpenter.

He holds a Bachelor of Science degree in Actuarial Science from The Pennsylvania State University and has attained the Fellowship of Society of Actuaries (FSA) designation, the highest level of professional qualification for actuaries in North America. Additionally, Wade is a Member of the American Academy of Actuaries (MAAA).

About HM Insurance Group
HM Insurance Group (HM) works to protect businesses from the financial risk associated with health care costs. A recognized leader in Employer Stop Loss, the company delivers protection for a range of group sizes. HM also offers assumed Accident and Health reinsurance solutions and Provider Excess insurance through HM Specialty.

HM Life Insurance Company, HM Life Insurance Company of New York and Bridge City Insurance Company are all rated “A” (Excellent) by AM Best Company. 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.

Why HM

A strong, experienced carrier, HM responds to market changes and works with clients to ensure their coverage needs are met through expert risk assessment and exceptional service.

Stop Loss coverage is underwritten by HM Life Insurance Company, Pittsburgh, PA, or Bridge City Insurance Company, Pittsburgh, PA, in all states except New York under policy form series HMP-SL (08/19), HMP-SL (06/20) or BCICP-SL (06/20) or similar. In New York, Stop Loss coverage is underwritten by HM Life Insurance Company of New York, New York, NY, under policy form series HMP-SL (06/20) or similar. In all states except New York, Provider Excess Insurance is underwritten by HM Life Insurance Company, Pittsburgh, PA, or Bridge City Insurance Company, Pittsburgh, PA, under policy form series HMP PEL (09/20) or BCIC PEL (09/20) or similar. In New York, Provider Excess Insurance is underwritten by HM Life Insurance Company of New York, New York, NY, under policy form series HMNY PEL1105 or similar. In all states except New York, Assumed Accident and Health Reinsurance is underwritten or reinsured by HM Life Insurance Company, Pittsburgh, PA, or Bridge City Insurance Company, Pittsburgh, PA, under form HM1005-ELR or similar. In New York, Assumed Accident and Health Reinsurance is reinsured by HM Life Insurance Company of New York, New York, NY. The coverage or service requested may not be available in all states and is subject to individual state approval. Reinsurance agreements only reflect a form number when required by applicable state law. In Oregon, Bridge City Insurance Company does business as BCIC Insurance Company.