Domenic Palmieri has been named chief operating officer (COO) of HM Insurance Group (HM). In this role, he will be responsible for the executive oversight of operations for three core divisions within HM, including claims, underwriting and strategy.
“We conducted an extensive, nationwide search for this position,” Tom Doran, president, HM Insurance Group, said. “And while we had significant interest from experienced, qualified professionals, I knew that Dom was the right person for the role based on his widespread knowledge and experience with our company.”
Palmieri joined HM in 1997 in the finance and actuarial areas and over the years expanded his roles to controller and then to chief financial officer and treasurer before assuming his most current position as senior vice president, operations and strategic partnerships, in 2011.
“Dom has been a trusted colleague of mine since I joined HM,” Doran said. “I have witnessed him doing tremendous work with our Blue and reinsurer partners, and I’m excited to see him have the opportunity to provide further leadership within our company.”
With more than 20 years of experience in the insurance and risk management industry, Palmieri has expertise in captives, claims operations, cost containment, reinsurance and finance. He earned both his Bachelor of Science degree in business administration and his Master of Business Administration from Duquesne University. Additionally, Palmieri is a certified public accountant and a member of the American Institute of Certified Public Accountants, the Pennsylvania Institute of Certified Public Accountants and HM’s Corporate Giving team.
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.
HM Life Insurance Company and HM Life Insurance Company of New York are rated “A” (Excellent) by A.M. Best Company, one of the country’s oldest and most respected rating agencies. 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.
For more information about HM Insurance Group, visit hmig.com.