Symetra Financial Corporation (NYSE: SYA) today announced two executive appointments at Medical Risk Managers, Inc. (MRM), naming Michael McLean as chairman of the board and Thomas Doran as president. MRM, a wholly owned subsidiary of Symetra, is a managing general underwriting and consulting firm that specializes in medical stop-loss insurance.
McLean, who has served as MRM president since 1991, will transition to a strategic leadership role. As chairman of the board, he will be responsible for the long-term strategy of the company as well as client acquisition and retention. McLean joined MRM as executive vice president and chief operating officer in 1988. He previously worked at The Hartford Life Insurance Company and The Travelers. McLean is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.
Doran’s appointment to president comes after three years as executive vice president of MRM. In his new position, he will have profit-and-loss responsibility and will run the company’s day-to-day operations. Doran joined MRM in 2010 following a successful career at Aetna, where he held a variety of actuarial roles. He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.
“With Mike guiding the company strategy, and Tom managing operations, we have a terrific duo leading MRM,” said Michael Fry, executive vice president of Symetra’s Benefits Division. “These appointments recognize the outstanding contributions Mike and Tom have made over the years. In their expanded leadership roles, I’m confident MRM will continue to grow and exceed client expectations.”Symetra Financial Corporation acquired Medical Risk Managers, Inc., in May 2007. MRM operates independently, underwriting self-funded business for multiple partners in addition to Symetra. Medical stop-loss insurance coverage helps protect employers that self-insure their employee benefit plans against large, potentially catastrophic claims. About Medical Risk Managers Medical Risk Managers, Inc. is a full-service managing general underwriting and consulting firm that specializes in group stop-loss insurance. Founded in 1984, the South Windsor, Conn.-based company provides clients with underwriting, actuarial, stop-loss claim adjudication, network evaluation, accounting support and strategy consulting. For more information, visit www.mrm-mgu.com. About Symetra Symetra Financial Corporation (NYSE: SYA) is a diversified financial services company based in Bellevue, Wash. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent agents and advisors. For more information, visit www.symetra.com.
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