Scott Machut has joined HM Insurance Group (HM) in the role of vice president, sales and account management, managed care reinsurance. In this role, he will lead sales and account management personnel dedicated to HM’s managed care reinsurance business and will be responsible for new business development in coordination with the existing, long-term service team of RBS Re, a program of HM.
Machut will report to Liz Midtlien, senior vice president, strategy and managed care reinsurance, and will work closely with her and other members of the HM management team to expand HM Insurance Group’s market presence and distribution in the managed care reinsurance space. “Scott’s role will be critical to the execution of our strategic plans to continue delivering value to our clients in a well-coordinated and purposefully aligned direction with our stop loss business,” Midtlien said. “I am very pleased to have his leadership and know he brings a great deal of knowledge to the table.”
A strategic executive leader, Machut has 26 years of experience in global, national and regional insurance and reinsurance. His areas of expertise include sales and profit generation; managing and expanding partnerships with brokers and direct-market reinsurance clients; health care cost management; and developing new products, new markets and alternative sources of distribution.
Prior to joining HM, Machut was with PartnerRe Health, where he served as executive vice president, director of operations, for the company’s health division. In this role, he was the head of operations and was responsible for developing programs and services that assisted clients in effectively managing their health care risk while optimizing financial outcomes. Before that, he spent 17 years with ING Re, where he held various senior leadership positions. Machut is a CPA and has a Bachelor of Business Administration, Accounting, degree from the University of Wisconsin-Madison.
“I look forward to furthering HM’s commitment to health care risk management, focusing on profitability and delivering significant value through customized client solutions,” Machut said.
About HM Insurance Group
HM Insurance Group (HM) works to protect businesses from the potential financial risk associated with catastrophic health care costs. The company provides reinsurance solutions that address risk situations confronting employers, providers and payers. A recognized leader in employer stop loss, HM also offers managed care reinsurance nationally under the name of RBS Re.
HM Life Insurance Company, HM Life Insurance Company of New York and Highmark Casualty Insurance Company are rated “A-” (Excellent) by A.M. Best Company, one of the country’s oldest and most respected rating agencies. HM also consistently has been named to Ward’s 50 life and health companies based on financial performance. Through its insurance companies, HM Insurance Group holds insurance licenses in 50 states and the District of Columbia and maintains sales offices across the country.