Pinnacle makes double actuary hire
Property and casualty actuarial firm Pinnacle Actuarial Resources has announced new hires and promotions to its team.
Megan Baker and Patrick Newell join the Bloomington, Illinois, headquartered firm as consulting actuaries. Baker joins Pinnacle from Farm Bureau Insurance of Michigan. She was the manager of the company’s property and casualty commercial lines actuarial team, managing commercial lines filings, rate reviews and pricing analyses. She was the company’s subject matter expert in matters associated with business owners, as well as personal and commercial umbrella and commercial package policy ratings.
Newell worked with Pinnacle before as an actuarial analyst from 2012 to 2015. He rejoins from the United Services Automobile Association (USAA), where he was a financial analyst lead, managing a team that supervised all financial management reporting on a $16 billion auto insurance book of business.
“We are delighted to welcome Patrick back to Pinnacle and to have Megan join our team as well,” said Pinnacle managing principal Joe Herbers. “They bring a wealth of expertise and experience with a deep understanding of the property and casualty industry. They will bring key skill sets to Pinnacle and the work we do for our clients.”
The firm has also promoted associate actuaries James Wencil and Joey Sveda to consulting actuaries. Wencil has been with Pinnacle since 2016, focused on loss reserving, loss cost projections, funding studies, predictive analytics and rate making. He serves the Casualty Actuarial Society (CAS) as a member of the University Liaison Committee.
Sveda joined Pinnacle in 2018 and is a member of its predictive analytics team. He has experience in commercial and personal lines pricing plans, actuarial studies for captives involving loss reserving, and commercial lines rate making.
“Pinnacle continues to grow and expand our presence and eminence in the property and casualty insurance industry. We are very pleased to recognize James and Joey on their outstanding professional accomplishments and look forward to the prominent roles they will play on our consulting team,” Herbers said.
Pinnacle Actuarial Resources, Appointment, Promotion, P&C, Actuarial, Insurance, Reinsurance, Megan Baker, Patrick Newell, Joe Herbers, North America