Michael Z. Stahl to Lead HealthMarkets’ Direct to Consumer Distribution
North Richland Hills, Texas – June 17, 2013 – HealthMarkets, Inc. (http://www.healthmarketsinc.com) announced the appointment of Michael Z. Stahl as Senior Vice President. In this new position, Stahl will lead the company’s efforts to build direct to consumer distribution for its distribution and insurance subsidiaries.
HealthMarkets, Inc., through its subsidiary companies, is focused on meeting the insurance needs of individuals, families and small business with a portfolio of products that includes life insurance, health insurance, supplemental insurance, long-term care insurance and certain Medicare products.
“As we move closer to the full implementation of healthcare reform, the ability to develop new, cost-effective lead sources and distribution channels, such as direct-to-consumer, will be a key competitive factor. I am excited to have Mike join our management team and lead our efforts in these areas,” said Kenneth J. Fasola, President and Chief Executive Officer of HealthMarkets, Inc. “Mike will be focused on developing and overseeing our direct-to-consumer strategies and conducting and analyzing consumer research to identify opportunities for our subsidiary companies.”
Prior to joining HealthMarkets, Stahl served as Vice President, Marketing and Operations for Kemper Corporation’s direct-to-consumer business unit. He also served as Vice President Product Management for the unit’s homeowners, boat and umbrella lines of business. Earlier in his career, Stahl served as Regional Product Manager in Kemper’s Preferred business unit in the product management department. He has also worked at The Travelers in a variety of finance and operational capacities.
Stahl holds B.S. in Economics from The Wharton School, University of Pennsylvania. He is also holds the designations Chartered Property & Casualty Underwriter (CPCU), Associate in Insurance Accounting & Finance (AIAF) and Associate in Reinsurance (ARe).
About HealthMarkets, Inc.
HealthMarkets, Inc. is a holding company focused on serving the insurance needs of individuals, families, and small business through its subsidiary insurance and distribution companies. Our subsidiary insurance companies include The Chesapeake Life Insurance Company®, HealthMarkets Insurance CompanySM, Mid-West National Life Insurance Company of TennesseeSM and The MEGA Life and Health Insurance CompanySM. The distribution subsidiary of HealthMarkets, Inc., Insphere Insurance Solutions®, is a licensed agency in all 50 states and the District of Columbia and offers a portfolio of life, health, supplemental, long-term care and senior products from national and regional carriers. The administrative offices of HealthMarkets, Inc. and its subsidiary companies are located in North Richland Hills, Texas. For more information visit www.healthmarketsinc.com.
CAUTIONARY STATEMENT RELATED TO FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements regarding HealthMarkets, Inc. and/or its subsidiaries (collectively, the “Company”). These forward-looking statements are neither historical facts nor assurances of future performance, and are subject to certain risks, uncertainties and assumptions which are difficult to predict and many of which are outside of our control. Such forward-looking statements can be identified by the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “objective,” “plan,” “possible,” “potential” and similar expressions. These statements are based on management’s current beliefs, expectations and assumptions, and actual results may vary materially from those included in the forward-looking statements. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them, whether as a result of new information, future developments or otherwise. Readers are cautioned not to place undue reliance on any forward-looking statements made by us.