BancInsure Announces Chief Underwriting Officer
OKLAHOMA CITY--(BUSINESS WIRE)--The Board of Directors for BMSI Holdings, Inc, the parent company of the insurer BancInsure, Inc., announced today that Bruce Livingston has been promoted to Vice President and Chief Underwriting Officer of The Companies.
“This leader brings a depth of underwriting and insurance experience that is essential for our operations,” said Rodney N. Sargent, President and CEO of The Companies. “His strategic insights into product and program development, coupled with his executive leadership acumen, reflect the growing bench strength of our leadership team.”
Mr. Livingston comes to BancInsure with 24 years of executive experience in underwriting leadership, program development, and operational oversight. Prior to BancInsure, Mr. Livingston led product management and development for Harleysville Insurance Company in Pennsylvania and was an officer of the company. At Harleysville, Bruce also directed the corporation’s underwriting approach to create an additional $300M in premiums. He was a former Division President of Professional Underwriters Corporation (a subsidiary of Legion Management Corporation) where he served as Chief Executive Officer for this underwriting services company handling program premium in excess of $150M. Bruce started his career at Crum & Forster Commercial Insurance Company where he held a variety of roles.
A graduate of Texas Tech University, Bruce holds a BA in Business Administration. He holds the Chartered Property and Casualty Underwriter (CPCU) and Associate in Claims (AIC) designations. Prior to Bruce’s relocation from Pennsylvania to Oklahoma, he was an active member of the Greater Valley Forge Chapter of CPCU.
Founded in 1985 as the only truly independent insurer focusing completely on financial institutions, BancInsure's understanding of financial institutions and their intricate operations is unmatched in the marketplace. This translates to extraordinary value through complete risk mitigation and risk management solutions. Headquartered in Oklahoma City, BancInsure holds an A- (Excellent) A.M. Best rating and is licensed in 48 states.
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