Security Mutual Life, New York, N.Y., has promoted Laura Hunsinger to second vice president, Product Development, reporting to Gary W. Scofield, executive vice president and Corporate Actuary.
Hunsinger will lead the company’s newly formed Department of Corporate Product Development and will be responsible for managing all phases of the product development life cycle, from idea generation through market delivery.
Hunsinger’s 15-year career with Security Mutual includes experience in a number of vital company operations, including marketing, administration, reinsurance, customer service, claims and product development. She joined the company’s marketing services department as assistant coordinator, going on to serve for five years as the company’s special project coordinator. She was promoted to director of reinsurance administration and customer service in 2007, followed by promotion to assistant vice president in 2009.
In other industry news:
Hartford Financial Services Group Inc., Hartford, Conn., announced Monday that David Bedard, who leads the company’s life insurance runoff operations, is leaving to pursue other opportunities.
Beth Bombara will be promoted to president of the life runoff unit, which includes the company’s legacy annuity business. Bombara has been with the company since April 2004 and was serving as its corporate controller.
Divisions that are in runoff no longer seek new business and only generate revenue from outstanding premiums.
The Penn Mutual Life Insurance Company, Horsham, Pa., has announced that Jonathan J. Pratt, managing partner of Life Solutions Group, Penn Mutual’s New England career agency in Boston, received the General Agents’ and Managers’ Association (GAMA) International Management Award at the Platinum level.
Michael P. Doucette, vice president of sales at Life Solutions Group, received the GAMA Frontline Award at the Silver level. Jason Pratt, vice president of recruitment and strategic alliances at Life Solutions Group, received the GAMA Recruiting Specialist Award.
The International Management Award acknowledges outstanding managers whose leadership is demonstrated by the performance of the eight or more full-time agents, advisors or sales representatives under their supervision. Prior to joining Penn Mutual in 2008, Jonathan Pratt held positions as vice president at different levels and associate general agent for national financial services companies. In these positions, he held an array of responsibilities ranging from development and implementation of all recruiting, selection, education and training that support distribution in leading an agency’s recruiting, marketing, sales and operations.
The Frontline Award recognizes frontline or sales managers who have direct responsibilities for a portion of an agency or firm. Before joining Penn Mutual, Doucette held different positions throughout his career as a financial analyst, a financial advisor and a life producer at both national and international companies. With 16 years of diverse experience in the financial services industry, he joined Penn Mutual in 2007.
The Recruiting Specialist Award recognizes the importance of a recruiter in an agency or firm in both ordinary/traditional and multiline sectors. Prior to joining Life Solutions Group, Jason Pratt was manager of agency recruitment at a national financial services company where he was responsible for the selection process in the company’s four offices. Pratt’s earlier professional experience includes positions as a division lead and director of recruitment and selection during which his group was awarded for outstanding results in recruiting and sales.