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.
Barbara Hume has joined the Insured Retirement Institute as its vice president of Membership. Hume brings to IRI more than 30 years of industry experience in retirement services and annuity sales and marketing. Most recently, she was the chief marketing officer for Annuity/Retirement and Distribution Marketing at Sun Life Financial.
Before Hume joined Sun Life, she was the chief marketing officer for Data Life, a software solutions provider for the insurance industry. During her career Hume also has served as the divisional vice president, Investment and Income Division at MetLife; vice president, Annuities and Retirement Services at Prudential Investments; and vice president, Variable Product Management at Connecticut Mutual Financial Services.
Hume earned a bachelor’s degree in business administration from the University of Maine and is a graduate of the Executive Development Program at the Wharton School of Business.
Northwestern Mutual, Milwaukee, Wis., has begun a multi-year philanthropic program to fight childhood cancer through the Northwestern Mutual Foundation.
To kick off the program, Northwestern Mutual donated nearly $500,000 in grants to Alex’s Lemonade Stand Foundation and Starlight Children’s Foundation.
The partnerships will start a range of programs and events in communities across the country. The company is establishing the Northwestern Mutual Childhood Cancer Research Fund and Family Travel Fund in partnership with Alex’s Lemonade Stand Foundation. In early 2013, it will also fund Great Escapes and Fun Centers around the nation through Starlight Children’s Foundation.
The Northwestern Mutual Childhood Cancer Research Fund will support ALSF’s initiatives to fund critical research, including:
- Innovation Grants to provide vital seed funding for experienced medical investigators with a novel and promising approach to finding causes and cures for childhood cancer;
- Young Investigator Grants to encourage the best and brightest young scientists to enter the field of pediatric cancer research; and
- Program Infrastructure Grants to speed up the process of enrolling children with cancer in clinical trials.
Unum, Chattanooga, Tenn., (NYSE:UNM) has earned the ClearMark Award from the Center for Plain Language for its guide on filing a disability claim. Judges at the recent ClearMark Awards named the guide the best document in its category.
Judges praised the guide’s clear timeline and direct, jargon-free language. The revision of the guide was part of a much broader effort across the company to make Unum’s communications to its customers simpler and more effective.
“This recognition is a great indication of the value of the work we’ve done to simplify our communications in every area of the business,” said Chris St. John, Consumer Strategy director at Unum. “Our industry is complex, so it’s a challenge to make plain language the standard. But we’re focused on making it happen.”