Texas Mutual names CEO for new health insurance subsidiary | Insurance Business America
Workers’ compensation insurance provider Texas Mutual has announced the appointment of Meredith Duncan (pictured above) as president and CEO of its new health-focused subsidiary.
Subject to regulatory approval, the subsidiary will offer additional health insurance options to small businesses, Texas Mutual said.
“I am honored that Texas Mutual has chosen me to lead this new venture,” Duncan said. “Texas Mutual is a household name in workers’ compensation, and I am confident that we will join the health insurance market with the same dedication and care that the company is known for. I’m looking forward to the road ahead and the opportunity to shape the future of healthcare in Texas.”
Duncan has 20 years of experience in strategic planning, sales and business development, consumer market research, and operations management. Prior to joining Texas Mutual, she served as the president of the Texas market at Bright HealthCare and as chief growth officer for CVS/Aetna in the Texas, Oklahoma and New Mexico markets. She also served as CEO of Seton Insurance Company and vice president of accountable care and physician engagement.
Duncan currently serves on the board of directors of the Austin Healthcare Council. She previously held roles on the board of the Austin chapter of the Leukemia and Lymphoma Society and the board of governors for LifeWorks Austin.
Read next: Texas Mutual employees volunteer 808 hours for Week of Giving
“We could not have chosen a better person to lead our launch into a new arena, especially one as complex and challenging as the health insurance market,” said Ron Simmons, chairman of Texas Mutual’s board of directors. “With the creation of this subsidiary, we hope to increase quality health coverage options for small businesses and their employees. Meredith brings with her a wealth of knowledge and experience from her impressive career in healthcare, and we look to her to navigate us through this next chapter.”
Last year, the Texas Legislature passed House Bill 3752, which authorized Texas Mutual to create a subsidiary to provide health benefit coverage. The Texas Mutual board recently approved the creation of the subsidiary, which, subject to regulatory approval, plans to introduce health coverage products in early 2024.
Texas Mutual is the state’s leading provider of workers’ compensation insurance. Last month, it awarded $3.5 million in grants to organizations that support workforce development and safety training.
Have something to say about this story? Sound off in the comments below.