HealthMarkets Inc. announced today that Steven P. Erwin has been named executive vice president and chief financial officer.

The North Richland Hills, Texas-based HealthMarkets, through its insurance subsidiaries, is a provider of health insurance products for the self-employed, individuals and families, as well as small businesses.

Phillip J. Hildebrand, HealthMarkets chief executive officer, said Mr. Erwin is an experienced CFO “who will be able to contribute immediately as we look to improve our efficiency and operating performance.”

He replaces Michael Boxer, who a company spokesperson said had “left the company to pursue other opportunities.”

Mr. Erwin “will be involved in implementing new financial disciplines, processes and controls to support the company's position in the individual health insurance market,” said Mr. Hildebrand.

The new CFO, the company said, has been a finance executive for over 30 years, with a focus on banking as well as insurance. Most recently, he served as senior vice president and CFO for 21st Century Insurance Group.

Prior to that, Mr. Erwin served as executive vice president and CFO of Health Net Inc.

Before entering the health insurance industry, Mr. Erwin was executive vice president and CFO for U.S. Bancorp and also held several other senior financial management positions with other financial institutions.

This article updated Oct.8, 9:04 a.m.

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Erwin Named CFO At HealthMarkets

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