Lighthouse Underwriters, an Anandale-Va.-based program underwriting company, announced that Sean Gormley has been promoted to senior vice president. In this position he will be responsible for the day-to-day operations at Lighthouse.
Lighthouse recently was acquired by U.S. Risk Insurance Group, becoming an operating division of U.S. Risk, retaining the Lighthouse trade name and continuing to create and manage specialty insurance programs and market them through retail insurance agents and brokers.
Gormley joined Lighthouse 11 years ago. He most recently served as vice president and chief operating officer, managing the administrative functions and expenses of Lighthouse. Gormley also has held the position of program director of Lighthouse’s StaffPak program, and was responsible for the program’s formation and growth. Prior to joining Lighthouse, he managed specialty insurance programs for The Eagle Companies.
Insurance broker Beecher Carlson expanded its national energy team with the appointment of Patrick Stumbras as managing director. Stumbras brings 17 years experience to Beecher Carlson with expertise in the power generation industry. He will focus on the development and management of energy accounts and operate from Beecher Carlson’s Boston office.
Prior to joining Beecher Carlson, Stumbras served as account manager in the Energy and Marine Division of McGriff, Seibels & Williams. He concentrated on the implementation and management of complex risk management programs for power generating facilities of all types, including construction risks, independent power producers, merchant facilities and large public utilities. Prior to that, he was a senior vice president in the Power and Utility Practice at Marsh.
Fort Dearborn Life Insurance Company, a subsidiary of Health Care Service Corporation, a Mutual Legal Reserve Company, has named James A. Wiseman as vice president and chief actuary.
As chief actuary, Wiseman will be responsible for the actuarial functions for all lines of business of the life and subsidiary operations division of Health Care Service Corporation. This role encompasses all pricing, valuation and risk assessment strategies, including reinsurance oversight for Fort Dearborn Life Insurance Company and Colorado Bankers Life Insurance Company.
Wiseman has more than 13 years of experience in the insurance industry. He was most recently principal for Enhanced Asset Resources, specializing in insurance company investment arrangements and was vice president and consulting actuary for Actuarial Strategies, Inc. Previously, Wiseman served as vice president and actuary for Fidelity & Guarantee Life and associate actuary for New York Life.
Wiseman received a doctorate in mathematics from Boston University. He is a member of the American Academy of Actuaries and a fellow of the Society of Actuaries.
Fort Dearborn Life is provider of employee benefits. Fort Dearborn Life markets group life, short- and long-term disability, group dental and individual annuity programs.
For the third consecutive year, David C. Colby, WellPoint Inc.‘s executive vice president and chief financial officer, has been named the best chief financial officer in America for the managed care sector by Institutional Investor magazine. This is Institutional Investor magazine’s third annual ranking of CFOs.
Colby ranked highest in the managed care sector resulting from an Institutional Investor magazine survey of nearly 1,400 portfolio managers and sell-side equity analysts. They represent more than 400 firms who were asked to identify the most noteworthy financial executives. Those polled represent $5.4 trillion in equity holdings.
Colby is featured, along with other winning CFOs, in Institutional Investor magazine’s March 2006 issue.
An Indiana-based company, WellPoint identifies itself as the largest publicly traded commercial health benefits company in terms of membership in the United States. WellPoint is an independent licensee of the Blue Cross Blue Shield Association.
Des Moines, Iowa-based The Principal Financial Group will appoint Michael T. Dan to the company’s Board of Directors at its May 15-16, 2006 meeting.
Currently Dan is chairman, president and chief executive officer of The Brink’s Company. Prior to joining Brink’s in 1982, Dan served as president of Armored Vehicle Builder Inc.
Dan is a member of the Business Roundtable and serves as sub-committee chairman on the Security Task Force. He also serves on the 2006 Kennedy Center corporate Fund Board as vice chairman. He studied business and accounting at Morton College in Cicero, Ill. and completed the advanced management program at Harvard Business School.
The Principal Financial Group offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies.
Insurance brokerage Krauter & Co. has expanded its operations into Chicago and hired John B. Ault, a former Marsh Inc. managing director, to lead the new office.
Ault, a 22-year veteran of Marsh, was involved in business development, client relations and senior operational management at Marsh, and developed and managed many complex risk programs, Krauter said in a statement.
This is the sixth office New York-based Krauter & Co. has opened in the past 15 months.
The brokerage was formed in 2004 by Neil C. Krauter, former vice chairman of Aon Risk Services and global practice leader of its merger and acquisition group. The brokerage specializes in arranging coverage for private equity firms.
Topics USA
Was this article valuable?
Here are more articles you may enjoy.
Beryl’s Remnants Spawned 4 Indiana Tornadoes, Including an EF-3: NWS 
Hacker Says AT&T Paid About $400,000 to Erase Sensitive Data 
Wall Street Pushes Back After Activists Escalate Protests 
Allstate Reports Second Quarter Pretax Catastrophe Losses of $2.1B From This Issue
