PITTSBURGH – Tom Doran has been named president & COO of HM Insurance Group (HM), replacing Matt Rhenish, who accepted a new role at Highmark Inc., HM’s parent company, as president of national and specialty businesses.
As president of HM, Doran will be responsible for the strategy, operational management and executive leadership of the company. He brings more than 20 years of expertise in reinsurance, pricing, reserving, underwriting, actuarial services and network contracting to the position.
“Tom is a great addition to HM,” said Chip Merkel, chairman and CEO of HM Insurance Group. “His knowledge of our core lines of business and markets is extensive, and I am confident that he will continue to move the company forward as a leader in stop loss and managed care reinsurance.”
Doran came to HM from Medical Risk Managers (MRM), the largest Stop Loss MGU in the country, where he served as the company’s president. Prior to that, he held the role of executive vice president at MRM and gained actuarial experience at Aetna, Hartford Life and Aon Hewitt. He has a Bachelor of Science degree in Mechanical and Aerospace Engineering from Princeton University and is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.
“I’m excited to join the HM team,” Doran said. “The company demonstrates a commitment to building long-term relationships with producers and partners – something very integral to success in this industry. We will continue to deliver on our traditions and promises to protect the financial well-being of HM’s policyholders.”
About HM Insurance Group
HM 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.
HM Life Insurance Company, HM Life Insurance Company of New York and Highmark Casualty Insurance Company are rated “A-” (Excellent) by A.M. Best Company, one of the country’s oldest and most respected rating agencies. HM also consistently has been named to Ward’s 50 top life and health carriers based on financial performance. 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.