Oklahoma City, Okla.-based BMSI Holdings Inc, the parent companyof the financial institution insurer BancInsure Inc., named BruceLivingston vice president and chief underwriting officer of thecompanies.

Rodney N. Sargent, BMSI president and chief executive officer,said Mr. Livingston, previously with Harleysville Insurance, has adepth of underwriting and insurance experience “that is essentialfor our operations.”

He added that Mr. Livingston's “strategic insights into productand program development, coupled with his executive leadershipacumen, reflect the growing bench strength of our leadershipteam.”

Mr. Livingston comes to BancInsure with 24 years of executiveexperience in underwriting leadership, program development andoperational oversight.

At Harleysville Mr. Livingston led product management anddevelopment and was an officer of the company. He also directed thecorporation's underwriting approach to create an additional $300million in premiums.

He was a former division president of Professional UnderwritersCorporation, a subsidiary of Legion Management Corporation, wherehe served as chief executive officer handling program premium inexcess of $150 million.

The company did not say who Mr. Livingston succeeded or why.

In a statement to National Underwriter, Mr. Sargent said, “Thisis a newly created position. This position will provide strategicoversight to all our underwriting departments (bond, professionalliability, property and casualty, and Matterhorn FinancialServices) and work with the CEO on reinsurance and productdevelopment.”

(This story was updated on April 1 at 9:39 a.m.)