LTCG, a provider of administrative solutions and clinical services to the long term care insurance industry, has announced that Vince Bodnar will be joining the organization as its chief actuary. Bodnar also will bring to LTCG his entire 10-person actuarial team, which includes Ralph Donato, Matt Morton, Paul Colasanto and other consultants and analysts who have nearly 100 years of combined experience in the field. This transition includes a new partnership agreement between LTCG and Towers Watson, in which LTCG will provide actuarial support for the consulting firm’s own long term care insurance clients.
Bodnar most recently served as director of Tower Watson’s strategic long term care efforts and initiatives. According to LTCG, Bodnar is one of the most respected actuaries in the long term care insurance industry. He has experience in life and long term care combination-product development and is well-versed in premium rate increase filings, long term care morbidity and mortality experience studies, actuarial appraisals of insurance companies and blocks of business as well as the development and implementation of first-principles long term care projection models, LTCG said.
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