Jeff Crippen, Tom Keller and Craig Magnuson Join Executive Team
TAMPA, Fla., April 19 /PRNewswire/ -- Imerica Life and Health Insurance
Company today announced the recent appointment of Rod Farmer as President and
Chief Executive Officer. Also joining the Imerica management team are Jeff
Crippen as Chief Sales and Marketing Officer, Tom Keller as Chief Financial
Officer and Craig Magnuson as Senior Vice President and Chief Actuary.
As President and Chief Executive Officer, Rod Farmer brings over 29 years
of insurance leadership experience, most recently as an executive vice
president at Trustmark. While at Trustmark, Mr. Farmer directed the
performance of six medical divisions in the Employee Benefits Division with
2,800 employees. Earlier while at Trustmark, Mr. Farmer served as Sr. Vice
President of Individual Health Products.
As Chief Sales and Marketing Officer, Jeff Crippen brings 34 years of
sales management experience to the company. Prior to joining Imerica, Mr.
Crippen led the successful expansion of HumanaOne in nine Eastern states.
Previously, Mr. Crippen led the start-up of Unicare Life and Health and
managed several sales regions at Time Insurance Company (Fortis).
Tom Keller joined Imerica as Chief Financial Officer in late 2004. Mr.
Keller previously served as President of Fortis Health. Mr. Keller is
supported by Craig Magnuson, FSA, who joins Imerica as Sr. Vice President and
Chief Actuary. Mr. Magnuson served with Assurant Health (formerly Fortis) for
18 years, most recently as Vice President, Renewal and Compliance Actuary. He
also served as Vice President for New Business Pricing and as Vice President,
Individual Medical Actuary.
Mr. Farmer stated: "I am truly excited about the opportunity to lead
Imerica. Our management team is the best in the individual insurance market,
and we are well positioned to bring highly competitive products to this
market, such as our high deductible HSA product series. Look for great things
to come from Imerica in the months and years ahead."
Imerica also announced that Bain Capital Ventures has invested a total of
$13.5 million in Imerica to support the growth of the business and position
the company with significant capital and surplus to ensure a conservatively
capitalized balance sheet. "We continue to be impressed with Imerica's
position in the individual insurance market and look forward to working with
Rod and the entire management team as they introduce new product offerings in
the coming months," said James Nahirny, managing director at Bain Capital
Ventures and Imerica Board member.
About Imerica Life and Health
Imerica Life and Health is setting the new standard in the health
insurance industry with a portfolio of HSA-qualifying High Deductible Health
Plans catering to the Consumer Driven Healthcare marketplace. Imerica
leverages only the best technology to provide agents and customers a complete
online application process with e-signatures, fast decision turnaround and
real-time access to case information.
Imerica Life and Health is a wholly owned subsidiary of Imerica Financial
Corporation, a holding company backed by Bain Capital. Imerica, headquartered
in Tampa, FL, is currently writing in Arizona, Colorado, Georgia, Illinois,
South Carolina and Texas, and is poised to launch its insurance products in
additional states in 2005. For more information about Imerica, visit their web
site at http://www.imerica.com .
About Bain Capital Ventures
Bain Capital Ventures, the venture capital arm of Bain Capital, leverages
the institutional advantages and consulting-based approach of Bain Capital to
build industry-leading businesses. Focusing on sectors such as healthcare,
software, wireless, business services, and consumer, Boston-based Bain Capital
Ventures benefits from the broader resources of Bain Capital, which includes
over 160 investment professionals, a network of over 225 portfolio companies,
over $23 billion of assets under management, and the knowledge from 20 years
of successful venture investing. For more information, visit
http://www.baincapitalventures.com .
Imerica Life and Health Insurance Company
Live Well. Buy Smart.
Contact:
Jennifer Watson Seitz
SVP, Marketing and Communications
3501 East Frontage Road, Suite 300, Tampa, FL 33607
Tel: 813-313-4473 Fax: 813-287-1371
E-mail: jseitz@imerica.com
SOURCE Imerica Life and Health Insurance Company
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Related links:
http://www.imerica.com
http://www.baincapitalventures.com
CONTACT:
Jennifer Watson Seitz, SVP, Marketing and
Communications, Imerica Life and Health Insurance Company,
+1-813-313-4473, or fax, +1-813-287-1371, or jseitz@imerica.com
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