ATLANTA, July 24, 2012 /PRNewswire/ -- Business and
technology executive Mark Stergio
has been named chief executive officer and senior vice president of
Risk Sciences Group (RSG), a leading provider of risk management
information systems (RMIS).
Stergio will be responsible for continuing the development of a
long-term strategy for RSG that focuses on innovative technology,
effective analytics and easy-to-use applications that help clients
control their overall cost of risk. He has served as chief
information officer for Broadspire®, a leading third party
administrator of workers compensation claims, liability claims and
medical management services, for the past five years.
"Mark and his group have accomplished a number of key technology
initiatives, most notably the implementation of a new claims
system, during his tenure at Broadspire," said Danielle Lisenbey, chief executive officer of
Broadspire. "I am looking forward to his contributions to RSG as we
seek to further the development of our RMIS products and strengthen
our position in the market." Stergio reports to Lisenbey and
continues as a member of her senior leadership team.
Broadspire and RSG are both business units of Crawford &
Company (NYSE: CRDA; CRDB), the world's largest independent
provider of claims management solutions. As a RMIS provider for
both the TPA's clients and standalone clients, RSG reports to
Broadspire.
In his role at RSG, Stergio will draw upon a rare skill set that
combines 30 years of both business and technology leadership in the
insurance and financial services industries. He served in a variety
of roles in information and business technology for units of the
Hartford Financial Services Group, including leadership of the
Hartford's RMIS unit, for which he
was responsible for financial results and product development.
He also held the position of chief information officer of claims
and spent 10 years in actuarial research at the Hartford, with responsibility for premium and
dividend reserving as well as national account profitability
analysis. Before coming to Broadspire in 2007, he was vice
president of the Hanover Technology group, where he managed
technology development for the Hanover Insurance Group. He has
earned the CPCU® designation from the Chartered Property Casualty
Underwriter Society.
At the same time, Brenda Rarick,
former managing director of RSG, has been named senior vice
president of strategic planning and performance development,
reporting to Vince Cole,
Crawford's executive vice
president of strategy and performance development.
In her new position, she will bring her significant executive
and strategic management skills to bear in overseeing key
initiatives designed to increase revenues, develop new products and
evaluate potential mergers and acquisitions for both Crawford and Broadspire.
Since becoming managing director at RSG in 2010, Rarick has been
instrumental in developing and introducing the organization's
newest RMIS product, the Dmitri Suite®, to the risk management
market, and improving the overall quality and efficiency of RSG's
products. "Dmitri is gaining momentum in the market and RSG is
well-positioned for growth, thanks to Brenda's leadership and her
talented team of RMIS professionals," Lisenbey said.
Prior to joining RSG, Rarick served in a variety of management
and executive roles at Broadspire for 15 years. Her work focused on
strategic planning, organizational development, process improvement
and change management at both the global and corporate level.
About Crawford
Based in Atlanta, Ga., Crawford
& Company is the world's largest independent provider of claims
management solutions to the risk management and insurance industry
as well as self-insured entities, with an expansive global network
serving clients in more than 70 countries. The Crawford System of
Claims Solutions(SM) offers comprehensive, integrated claims
services, business process outsourcing and consulting services for
major product lines including property and casualty claims
management, workers compensation claims and medical management, and
legal settlement administration. The Company's shares are traded on
the NYSE under the symbols CRDA and CRDB.
About Risk Sciences Group (RSG)
Since 1978, RSG has been dedicated to delivering risk management
information systems (RMIS) that provide the ability to track
multi-coverage claims and enterprise-wide exposures to risks.
Because effective risk management depends on a high degree of data
integrity and quality, RSG maintains highly accurate and credible
databases on behalf of each client. RSG's RMIS solutions, which
include flexible business intelligence tools and expert account
management, help risk managers accurately analyze pre- and
post-loss trends to guide their business decisions. As a wholly
owned subsidiary of Crawford & Company, RSG supports the
Broadspire business unit with TPA RMIS solutions as well as an
independent client base with advanced RMIS solutions.
About Broadspire
Broadspire, a leading international third party administrator,
provides risk management solutions designed to help clients improve
their financial results. Broadspire offers casualty claim and
medical management services to assist large organizations in
achieving their unique goals, increasing employee productivity and
reducing the cost of risk through professional expertise,
technology and data analytics. As a Crawford Company, Broadspire is
based in Atlanta, Ga., with 85
locations throughout the United
States. Services are offered by Crawford & Company under
the Broadspire brand in Europe, including the United Kingdom.
SOURCE Crawford & Company