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Press Releases
The Segal Company Promotes Seven Executives NEW YORK (7/23/08) — Joseph A. LoCicero, President and CEO of The Segal Company, has announced the promotion of seven executives: Jeffrey Litwin to Senior Vice President. Dr. Litwin joined the firm’s New York Actuarial Department in 1996 and became a Vice President in 1997. He works closely with Sibson Consulting (the strategic HR consulting division of Segal) retirement plan clients on actuarial issues and is responsible for developing and testing actuarial system software. Dr. Litwin has more than a decade of actuarial and consulting experience. He received a BS in Mathematics and Computer Science from Brooklyn College of the City University of New York, an MS in Mathematics from New York University’s Courant Institute, and a PhD in Applied Mathematics from the City University of New York Graduate School. Dr. Litwin is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries and an Enrolled Actuary. Jason M. Adwin to Vice President. Mr. Adwin joined the firm’s New York office in 2000 as a Consultant. He has specialized expertise in compensation strategy and performance management. Mr. Adwin works with Sibson Consulting clients to develop human capital strategies and solutions that align with the organization’s mission. He is also well versed in the use of technology to create, deploy and communicate human capital solutions. Mr. Adwin received a BS in Industrial and Labor Relations from Cornell University. He currently serves as Vice President of the New York/New Jersey Chapter of the National Association of Stock Plan Professionals (NASPP). Mr. Adwin is also a Certified Compensation Professional (CCP). Richard Berger to Vice President. Mr. Berger joined Segal’s Washington, DC office in 1997 as a Benefits Consultant. He has more than 20 years experience working with pension and group health plans in the maritime and service industries. Mr. Berger graduated as a University Scholar from New York University’s Stern School of Business with a BS in Accounting. He also, holds an MA in Industrial Relation from the University of Minnesota. Steven C. Greenspan to Vice President. Mr. Greenspan joined Segal’s New York office in 2004 as Corporate Counsel. Before that, he practiced labor and employment law as a Senior Associate at Seyfarth Shaw, LLP. Mr. Greenspan graduated from Baruch College with a BBA in International Marketing and completed his JD at Brooklyn Law School. He is admitted to the New York Bar (State and Federal), New Jersey (State and Federal), Connecticut Bar (State and Federal) and the Florida State Bar. Alan Sofge to Vice President. Mr. Sofge joined Segal’s New York office in 1996 as an Associate Consultant and became a Benefits Consultant in 1999. Prior to Segal, he worked as a consultant to defined contribution plans. Mr. Sofge now works primarily with multiemployer clients consulting on health, pension and annuity fund issues. He graduated magna cum laude from the State University of New York at Albany with a BA in Economics. Miriann Lee Yoo to Vice President. Ms. Yoo joined Segal’s New York Administration and Technology Consulting Practice as a Consultant in 2001. She has more than 10 years experience with health plans in all areas of administration, marketing, new account implementation/management, and customer service matters. Ms. Yoo also has experience in human resources, health and retirement benefits and payroll administration. She received a BBA in Human Resources Management from Baruch College of the City University of New York. Harold Zazula to Vice President. Mr. Zazula joined the New York Retirement Practice in 1995 as an Actuarial Analyst and after several promotions became a Consulting Actuary in 2004. He transferred to Sibson Consulting’s Boston office in 2006. Mr. Zazula graduated from Queens College of the City University of New York with a BA in Mathematics. He is a Member of the American Academy of Actuaries and an Enrolled Actuary. * * *
The Segal Company ( www.segalco.com) has been a leading, independent firm of benefit, compensation and human resources consultants since its founding in 1939. Segal is headquartered in New York and has more than 900 employees throughout the U.S. and in Canada. Clients include corporations, non-profit organizations, professional service firms, state and local governments and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act. Sibson Consulting (www.sibson.com), a Division of Segal, provides strategic human resources solutions to corporate and non-profit employers. Sibson's services include benefits, compensation, talent and performance management, communications, sales force effectiveness and change management.
Mary L. Feldman Chris Metcalf
Segal Expands Claims Audit Capabilities – NEW YORK (6/9/08) — The Segal Company has announced an agreement with Benefit Informatics to expand electronic claims audit capabilities for clients. Benefit Informatics is a healthcare technology company that provides application services to organizations administering and servicing employee benefit plans. According to Edward A. Kaplan, Senior Vice President and Segal’s National Health Practice Leader, “This agreement provides our clients with a sophisticated new tool to enable plan sponsors to make sure critical plan features are properly being adjudicated and contract terms are being met. In addition, it provides health plan sponsors with another way to help determine the drivers of costs.” Philip Kurtz, Benefit Informatics’ President & CEO, added “We are pleased to provide a comprehensive online solution that meets Segal’s audit needs and allows their claims audit professionals to increase efficiency. We look forward to a long and productive relationship with Segal.” Segal and Benefit Informatics have already worked together with clients to successfully identify the specific health issues that drive increasing health costs. * * *
The Segal Company ( www.segalco.com) has been a leading, independent firm of benefit, compensation and human resources consultants since its founding in 1939. Segal is headquartered in New York and has more than 900 employees throughout the U.S. and in Canada. Clients include corporations, non-profit organizations, professional service firms, state and local governments and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act. Benefit Informatics Inc. enables the efficient planning, management and analysis of employee benefit plans through the delivery of online proprietary applications and services to insurance companies, Third Party Administrators, consultants and employers. Through its clients, Benefit Informatics currently serves more than 3,600 businesses, managing health benefits for nearly 2 million members. Benefit Informatics works closely with customers to provide solutions that help attract new customers, retain current clients and operate more efficiently. For additional information, please call (888) 802-INFO (4636) or visit www.benefitinformatics.com.
Andrew D. Sherman Elected President of New England Employee Benefits Council NEW YORK (5/28/08) — The Segal Company is pleased to announce that Andrew Sherman has been elected President of the New England Employee Benefits Council (NEEBC). He has been a member the NEEBC’s Board of Directors since 2000. The NEEBC is New England’s largest provider of benefits resources and education. Mr. Sherman is Senior Vice President and Benefits Consultant for The Segal Company in Boston, MA. He has been with Segal for more than 20 years and has served as the firm’s Boston Office Leader since 1999. Mr. Sherman holds a BA in Economics from Brandeis University and a Master's degree in Public Policy with a concentration in Health Policy from The John F. Kennedy School of Government at Harvard University. * * *
The Segal Company ( www.segalco.com) has been a leading, independent firm of benefit, compensation and human resources consultants since its founding in 1939. Segal is headquartered in New York and has more than 900 employees throughout the U.S. and in Canada. Clients include corporations, non-profit organizations, professional service firms, state and local governments and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act. The New England Employee Benefits Council (www.neebc.org) was founded in 1979 to promote discussion, networking, and informational exchange among the region's employee benefits practitioners. Since that time the organization has grown to 1,400 members representing both purchasers and providers of benefits services and products. NEEBC remains committed to providing high quality benefits-related education while fostering sound procedures, principles and practices in all areas of our industry.
Mary L. Feldman André Pinsonneault
Sibson Consulting and Morneau Sobeco Announce Strategic Alliance NEW YORK (5/12/08) — Joseph A. LoCicero, President & CEO of The Segal Company, has announced that Sibson Consulting, the firm’s HR consulting division, has agreed to a strategic alliance with Morneau Sobeco, a leader in employee benefits administration outsourcing solutions. The firms will collaborate on offering benefits administration outsourcing services to Sibson clients, and employee benefits and HR consulting services to Morneau Sobeco clients in the U.S. Mr. LoCicero said, “This is an exciting opportunity for both organizations, as it truly makes both firms better equipped to service their client base and, therefore, more valuable to their clients. We are very pleased to offer clients one entry point for both benefits administration and benefits and HR consulting.” William Morneau, Chairman and CEO of Morneau Sobeco, continued, “Through this alliance, Morneau Sobeco will be able to offer benefits and HR consulting solutions to its U.S. clients, and provide enhanced outsourcing solutions to Sibson’s clients.” The firms already have mutual clients and are working on joint proposals. In addition, they have complementary business philosophies – they are committed to building long-term client relationships – and believe that this alliance capitalizes on the strengths of both organizations. “Both firms are pleased to be able to offer a bundled solution – pension and health consulting and administration outsourcing services together – to organizations that prefer such an approach,” concluded Daniel G. Fries, Leader of Sibson Consulting. * * *
Morneau Sobeco (www.morneausobeco.com) is the largest Canadian-owned pension and benefits consulting and outsourcing firm, providing services to organizations across Canada and in the United States. With over 1,200 employees in offices in 12 cities across North America, Morneau Sobeco has focused on the integrated design and delivery of pension and benefit plans for over 40 years. Sibson Consulting (www.sibson.com), a Division of Segal, provides strategic human resources solutions to corporate and non-profit employers. Sibson's services include benefits, compensation, talent and performance management, communications, sales force effectiveness and change management.
Carrington Joins Segal as Head of Federal Practice NEW YORK (5/7/08) — Cathie G. Eitelberg, Senior Vice President and National Director of The Segal Company’s Public Sector Market, has announced that Kevin J. Carrington joined the firm’s Washington, DC office as Vice President and Senior Consultant. Mr. Carrington is leading Segal’s Federal Practice and is based in the Company’s Washington DC office, as well as working with public sector entities in the East Region. His expertise is in human capital and workforce management. Mr. Carrington has more than 20 years experience in building market presence with an emphasis on working with the public sector. Most recently, he was Principal in the Federal Practice of Hewitt Associates. Mr. Carrington graduated from the University of Virginia with a BA in Economics. * * *
The Segal Company ( www.segalco.com) has been a leading, independent firm of benefit, compensation and human resources consultants since its founding in 1939. Segal is headquartered in New York and has more than 900 employees throughout the U.S. and in Canada. Clients include corporations, non-profit organizations, professional service firms, state and local governments and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act.
Friedman Named General Counsel for The Segal Company NEW YORK (5/1/08) —Joseph A. LoCicero, President and CEO of The Segal Company, has announced that Margery Sinder Friedman was named General Counsel effective May 1. Mr. LoCicero said, “Her extensive experience as an attorney working with pension and health plans in private legal practice and her in-depth knowledge of the benefits and HR consulting business provides Segal with an ideal combination of knowledge and experience for the role of General Counsel.” Ms. Friedman joined Segal in January working closely with Judith F. Mazo, Senior Vice President and Director of Research, on monitoring the legal and regulatory environment affecting employee benefits and retirement income programs. Before that, Ms. Friedman spent nearly 30 years as an attorney working with pension and health plans in private practice at a major Washington, DC law firm. She is a graduate of Case Western Reserve University and holds a J.D. from Georgetown University Law Center. Ms. Friedman is admitted to the Bar in the District of Columbia, the US District Court for the District of Columbia and the US Supreme Court. * * *
The Segal Company ( www.segalco.com) has been a leading, independent firm of benefit, compensation and human resources consultants since its founding in 1939. Segal is headquartered in New York and has more than 900 employees throughout the U.S. and in Canada. Clients include corporations, non-profit organizations, professional service firms, state and local governments and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act.
CONTACT: Mary L. Feldman
Segal Dental Survey Reveals Opportunities to Bite Down on Plan Costs NEW YORK (2/27/08) — The Segal Company recently conducted a Survey of Dental Coverage to determine the current state of that coverage. The survey reveals there are opportunities to reevaluate dental plan designs in order to lower costs and/or add value to dental coverage. According to Vincent Graziano, Segal Vice President and Boston Office Health Practice Manager, “Analysis of a health fund’s dental claims and utilization can provide insight into which plan design changes are most likely to yield savings. In addition, dental plan disease prevention measures may identify potentially costly medical conditions early enough for individuals to take action.” Graziano also points out: “A possible source of savings are dental vendor claim-paying fees. These fees have dropped over the years in response to competition and increased automation, which means that dental vendor requests for proposals (RFPs) can sometimes help to secure lower fees for dental claim adjudication services and dental network leasing services.” The survey notes that dental plan sponsors should consider the following strategies:
The brief report presenting survey results, completed in late 2007, reports information for 340 group health plans and is available here: http://www.segalco.com/publications/surveysandstudies/2008dental.pdf * * *
The Segal Company ( www.segalco.com) has been a leading, independent firm of benefit, compensation and human resources consultants since its founding in 1939. Segal is headquartered in New York and has more than 900 employees throughout the U.S. and in Canada. Clients include corporations, non-profit organizations, professional service firms, state and local governments and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act.
CONTACT: Mary L. Feldman
Friedman Joins The Segal Company as New Senior Vice President NEW YORK (1/9/08) — Joseph A. LoCicero, President and CEO of The Segal Company has announced that Margery Sinder Friedman joined The Segal Company as Senior Vice President. Mr. LoCicero said, “Ms. Friedman’s expertise will enhance the resources that Segal provides in research and compliance and our clients will benefit from her deep knowledge and experience. We are very pleased that she has chosen to join our Company.” Ms. Friedman has nearly 30 years experience as an attorney working with pension and health plans, most recently as a member of the Labor and Employment Practice Group at Morgan, Lewis & Bockius, LLP in Washington, DC. At Segal, Ms. Friedman will work closely with Judith F. Mazo, Senior Vice President and Director of Research, based in the firm’s Washington office. Together, Ms. Mazo and Ms. Friedman will actively monitor the legal and regulatory environment affecting employee benefits and retirement income programs and develop and monitor Company policies to guide the firm’s activities pertaining to the design, funding, administration and compliance of client retirement plans. Ms. Friedman is a graduate of Case Western Reserve University and holds a J.D. from Georgetown University Law Center. She is admitted to the Bar in the District of Columbia, the US District Court for the District of Columbia and the US Supreme Court. * * *
The Segal Company ( www.segalco.com) has been a leading, independent firm of benefit, compensation and human resources consultants since its founding in 1939. Segal is headquartered in New York and has more than 900 employees throughout the U.S. and in Canada. Clients include corporations, non-profit organizations, professional service firms, state and local governments and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act.
Commentary on Retiree Health VEBAs NEW YORK (11/20/07) — Retiree health voluntary employees’ beneficiary associations (VEBAs) have been in the news lately as one way to cover retiree health care. These VEBAs basically are trusts established to provide retiree health benefits to current and/or future retirees and have generally been established as part of collective bargaining. The trusts are administered by a board of trustees or an administrative board and may have company, union and/or retiree participation in a board. Stuart Wohl, senior vice president at The Segal Company and retiree health care practice leader, points out some of the things that retiree health VEBAs can do:
Mr. Wohl cautions that retiree health VEBAs cannot:
Mr. Wohl concludes, “Retiree health VEBAs are one vehicle that companies, unions and retirees can use to manage future retiree health costs. They can be designed to provide benefits for current and future retirees for duration of half a century or more. But, they are not a panacea as there are limits on what they can achieve.” To interview Stuart Wohl about retiree health VEBAs, or a consultant at Segal Advisors about investment options for retiree health VEBAs, contact Mary Feldman. * * *
The Segal Company ( www.segalco.com) has been a leading, independent firm of benefit, compensation and human resources consultants since its founding in 1939. Segal is headquartered in New York and has nearly 900 employees throughout the U.S. and in Canada. Clients include corporations, non-profit organizations, professional service firms, state and local governments and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act. Segal Advisors, Inc. ( www.segaladvisors.com), the investment-consulting affiliate of The Segal Company, is registered with the Securities & Exchange Commission and has offered independent investment consulting services since 1969. Segal Advisors is one of the largest investment consultants to Taft-Hartley trusteed pension funds.
CONTACT: Mary L. Feldman
The Segal Company's Minneapolis Office Moves NEW YORK (10/18/07) — John E. Gingell, Senior Vice President and Midwest Regional Manager, has announced that The Segal Company’s Minneapolis office has moved to larger quarters in the same building. Old: New: * * *
The Segal Company ( www.segalco.com) has been a leading, independent firm of benefit, compensation and human resources consultants since its founding in 1939. Segal is headquartered in New York and has nearly 900 employees throughout the U.S. and in Canada. Clients include corporations, non-profit organizations, professional service firms, state and local governments and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act.
Segal Survey Predicts Declines in Trends for Fifth Consecutive Year NEW YORK (9/19/07) — The 2008 Segal Health Plan Cost Trend Survey forecasts continued declines in trends for 2008, marking the fifth consecutive year of declining medical trends. And, although a growing number of health plans project single-digit trends for 2008, health plan costs trends are still significantly above general inflation. Key findings include:
The 2008 Segal Health Plan Cost Trend Survey compares historical forecasts to actual cost increases. The Survey reports projections for 2008 obtained from a survey of managed care organizations, health insurers, pharmacy benefit managers and third party administrators. The survey also covers trend rates for PPOs and HMOs, Medicare Advantage plans, dental and vision care plans. According to Edward A. Kaplan, Segal’s National Health Practice Leader, “The most successful plan sponsors are examining detailed claims data to determine what diseases, conditions, facilities and treatments are driving cost increases. Then they are using integrated data mining to develop targeted intervention strategies to identify gaps in needed treatment for participants, poor quality health care delivery to participants and ways they can improve the health and health care consumption of their participants and reduce health trends to manageable levels.” The complete survey report can be found at: http://www.segalco.com/publications/surveysandstudies/2008trendsurvey.pdf * * *
The Segal Company ( www.segalco.com) has been a leading, independent firm of benefit, compensation and human resources consultants since its founding in 1939. Segal is headquartered in New York and has nearly 900 employees throughout the U.S. and in Canada. Clients include corporations, non-profit organizations, professional service firms, state and local governments and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act.
CONTACT: Mary L. Feldman
The Segal Company Promotes Seventeen Executives NEW YORK (8/2/07) — Joseph A. LoCicero, President and CEO of The Segal Company, has announced the appointment of three Senior Vice Presidents and fourteen Vice Presidents: DAVID BRENNER to Senior Vice President. Mr. Brenner joined The Segal Company’s Boston office in 1995 as a Benefits Consultant. He was promoted to Vice President in 1999. With more than 15 years experience in the employee benefits arena, Mr. Brenner consults primarily to Taft-Hartley clients. He graduated from the University of Massachusetts at Amherst with a BA with Individual Concentration (Labor Studies). Mr. Brenner earned his JD from Northeastern University School of Law and is admitted to the Bar in the Commonwealth of Massachusetts. STUART H. LERNER to Senior Vice President. Mr. Lerner joined The Segal Company’s New York office’s Administration and Technology Consulting Group in 1997 as a Consultant and became Practice Leader in 2003. He was promoted to Vice President 2003. His expertise encompasses business process analysis and redesign, organizational and operational redesign, analysis of system functionality, systems implementation management and project budget management. Mr. Lerner earned a BBA in Finance from Hofstra University and an MBA in Finance from Long Island University. JOSEPH K. SHEARON to Senior Vice President. Mr. Shearon joined The Segal Company’s Phoenix office as a Benefits Consultant in 1996 and was promoted to Vice President in 2001. He is Segal’s West Region Practice Leader for multiemployer consulting. Mr. Shearon received a Bachelor’s degree in Business Administration and Accounting from Carroll College in Helena, Montana. * * *
HOWARD ATKINSON, JR. to Vice President. Mr. Atkinson joined The Segal Company’s Washington, DC office in 2005 as Consultant and Health Actuary for the East Region. He has more than 30 years experience in the analysis of health care benefits and financing. Mr. Atkinson holds a BA in mathematics from Lincoln University in Pennsylvania. He is an Associate of the Society of Actuaries, a Member of the American Academy of Actuaries and a Fellow of the Conference of Consulting Actuaries. KENNETH B. BERRY to Vice President. Mr. Berry joined The Segal Company’s San Francisco office as a Benefits Consultant in 2001. He has more than 18 years experience in employee benefit plans consulting for group health, defined benefit and defined contribution plans. Mr. Berry received a BS in Pharmacy from Oregon State University and an MBA in Health Services Management from Golden Gate University. He is licensed as a pharmacist and CPA in California. Mr. Berry is a member of American Institute of Certified Public Accountants (AICPA), California Society of CPAs, National Institute of Pension Administrators, Western Pension and Benefits Conference, the Industrial Relations Research Association and the Association of Managed Care Pharmacists (AMCP). ALDWIN P. FRIAS to Vice President. Mr. Frias joined The Segal Company’s New York Office in 1998 as an Actuarial Analyst. He works with several major multiemployer pension and health plans. Mr. Frias earned a BS with honors in Actuarial Science from New York University in 1997. He is an Associate of the Society of Actuaries, a Member of the American Academy of Actuaries, a Fellow of the Conference of Consulting Actuaries and an Enrolled Actuary. STEPHEN L. KUHN to Vice President. Mr. Kuhn joined The Segal Company’s New England Health Practice in Boston in 1999 as a Health Benefits Analyst. He works with major Taft-Hartley and public sector clients throughout New England. Mr. Kuhn graduated from Pfeiffer College (Misenheimer, NC) with a BS in Economics and Business Administration Finance. He also holds an MBA from Babson College. MARGARET T. LENNON to Vice President. Ms. Lennon joined The Segal Company’s New York office in 1999 as a Health Consultant working with major multiemployer health plans. She has a strong background in design and pricing of medical management and disease management programs as well as the development of pricing models. Ms. Lennon earned a BBA in Insurance from The College of Insurance (New York, NY) and an MBA in Finance from Iona College (New Rochelle, NY). She also holds a CLU (Chartered Life Underwriter) designation and a Series 7 License from the NASD. CAROL L. MERCER to Vice President. Ms. Mercer joined The Segal Company’s Phoenix office in 2005 as a Compensation Consultant. She manages projects and supervises compensation analysts for Segal’s Public Sector Compensation and Bargaining Practice (PSCBP) and serves as a member of the Higher Education Practice team. Ms. Mercer holds both a BS and an MPA from Arizona State University. JOHN MONROE to Vice President. Mr. Monroe joined The Segal Company’s San Francisco office in 1996. He has almost 10 years of experience in actuarial consulting working with public sector defined benefit plans and Taft-Hartley defined benefit plans. Mr. Monroe is a graduate of Oregon State University where he received a BS in Mathematics. He is an Associate of the Society of Actuaries, a Member of the American Academy of Actuaries and an Enrolled Actuary. KEVIN MURPHY to Vice President. Mr. Murphy joined The Segal Company’s Washington, DC office in 1998 as a Benefits Consultant working with multiemployer pension and health plans and international union staff plans. He has a broad range of experience in employee benefits and labor-management relations. Mr. Murphy earned a Masters degree in Industrial and Labor Relations from Cornell University and a BA from Oberlin College. FRANCOISE G. PRICE to Vice President. Ms. Price joined The Segal Company’s Chicago office in 1995 as a Senior Compliance Analyst. She became a Benefits Consultant in 2004. Ms. Price worked with group health plans for more than 15 years, and has extensive experience with plan compliance and administration. She received a BA from Clark University (Worcester, MA). KENNETH J. SCHLAPP to Vice President. Mr. Schlapp joined The Segal Company’s National Health Practice in New York in 1991. He has more than 15 years of experience in healthcare working with major multiemployer health funds. Mr. Schlapp also has extensive expertise in analyzing the effectiveness of managed care options as compared to traditional indemnity coverage. He graduated from Hunter College of the City University of New York with a BA. CARMEN L. SHIVELY to Vice President. Ms. Shively joined The Segal Company’s San Francisco office in 1988 as a Health Benefits Advisor (HBA). In 1994, she became the manager of the HBA department. Ms. Shively provides technical and consulting support services for large multiemployer health plans. She earned a MS in Statistics from the University of California, Berkeley. DAVID N. STROM to Vice President. Mr. Strom joined The Segal Company’s Chicago office in 2004. He is a Consulting Actuary leading a Segal valuation team. Mr. Strom has more than 30 years of experience as a Consulting Actuary working with numerous multiemployer and corporate clients in the areas of defined benefit, defined contribution, and retiree welfare benefits. He earned a BS from the University of Illinois. Mr. Strom is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and an Enrolled Actuary. DANIEL F. WESTERHEIDE to Vice President. Mr. Westerheide joined The Segal Company’s National office in Boston in 2006 when Segal acquired Irwin Tepper Associates, Inc. He is the Client Relationship Manager for many ITA clients, and is responsible for enhancing Segal’s Asset Liability Monitoring capabilities. Mr. Westerheide graduated from the University of Michigan with a BS in Actuarial Science. ANDY YEUNG to Vice President. Mr. Yeung joined The Segal Company’s San Francisco office in 2003. He joined Segal with almost 20 years of experience in the consulting field. Mr. Yeung currently serves as primary support actuary for several public sector retirement systems, and is the co-consulting actuary for other clients. In addition to pension, he also participates in retiree health valuations. Mr. Yeung is a graduate of the University of Waterloo (Ontario, Canada) where he received a Bachelor of Mathematics degree in Computer Science and Mathematics. He is an Associate of the Society of Actuaries, a Member of the American Academy of Actuaries and an Enrolled Actuary. * * *
The Segal Company ( www.segalco.com) has been a leading, independent firm of benefit, compensation and human resources consultants since its founding in 1939. Segal is headquartered in New York and has nearly 900 employees throughout the U.S. and in Canada. Clients include corporations, non-profit organizations, professional service firms, state and local governments and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act.
CONTACT: Mary L. Feldman
SEGAL ANNOUNCES NEW VP AND ACTUARY IN CHICAGO NEW YORK (4/30/07) — Joseph A. LoCicero, President and CEO of The Segal Company, has announced that Harold Cooper has joined Segal’s Retirement Practice in Chicago as a Vice President and Actuary. Mr. Cooper has more than 25 years experience in consulting to all types of retirement programs including qualified and nonqualified defined benefit and defined contribution plans and retiree medical plans. His creative consulting approaches have resulted in significant financial benefits for clients. Most recently, Mr. Cooper was Retirement and Office Leader for Buck Consultants’ Chicago office. He was also a founding Principal of Chicago Consulting Actuaries as well as a Principal and Senior Actuary with Towers Perrin. Mr. Cooper received a B.S. in Actuarial Science from the University of Illinois and an A.M. in Actuarial Mathematics from the University of Michigan. He is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries and an Enrolled Actuary. * * *
The Segal Company ( www.segalco.com) has been a leading, independent firm of benefit, compensation and human resources consultants since its founding in 1939. Segal is headquartered in New York and has nearly 900 employees throughout the U.S. and in Canada. Clients include corporations, non-profit organizations, professional service firms, state and local governments and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act.
Segal, Sibson Consulting and CareAdvantage Team Up to Provide Data Analytics NEW YORK (4/24/07) — The Segal Company and Sibson Consulting, its strategic HR consulting division, have announced an agreement with CareAdvantage, an independent medical data management company, to serve as Segal’s and Sibson Consulting’s data analytics partner in providing sophisticated medical data analyses and reporting to clients. According to Edward A. Kaplan, Senior Vice President and National Health Practice Leader, “Data mining is essential for plan sponsors seeking to better study plan cost drivers and develop intelligent cost containment strategies. Making the medical data scrubbing and evaluation tools that CareAdvantage uses to dissect complex health plan costs available to our clients will help them find better ways to support health management strategies.” Joshua Stein, Manager of Client Solutions at CareAdvantage, added, “By developing a centralized data repository that integrates financial, clinical, pharmacy and HR data, we will be able to produce a consolidated view of total healthcare expenditures that will allow plan sponsors to develop long-term health and benefit strategies. In addition, advanced predictive models and clinical algorithms will be used to foster the measurement of plan performance and future medical cost trends.” For more information, contact Mary L. Feldman at 212.251.5029, or mfeldman@segalco.com. * * *
The Segal Company ( www.segalco.com) is a leading, independent firm of benefit, compensation and human resources consultants.Sibson Consulting (www.sibson.com) is the strategic human resource consulting division of Segal. The organization, with more than 900 employees, is headquartered in New York and has offices throughout the U.S., in Canada and the U.K. CareAdvantage, Inc. (www.careadvantage.com), founded in 1994, is in the business of providing clinical consulting and data analysis solutions to health plans, employers, national consulting firms, hospital systems, unions, states and other purchaser groups. The CareAdvantage team consists of former health plan executives, senior medical directors and care management operations directors, as well as experts in clinical data analysis and information technology.
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