Replogle To Lead Broadspire
NU Online News Service, Dec. 5, 10:40 a.m. EST?Platinum Equity, LLC, has named Dennis Replogle president and chief executive officer of Broadspire, a leading provider of casualty and disability claims management and risk and safety consulting to enterprise customers in North America.[@@]
Mr. Replogle led a significant development effort at Specialty Risk Services, headquartered in Hartford, Conn., a subsidiary of the Hartford Financial Services Group. During his eight years as president of the third-party administrator, the company increased its revenues five-fold, from $39 million to almost $200 million. Under his guidance, SRS grew from the 16th to the fifth-largest TPA in the United States, according to Los Angeles, Calif.-based Platinum Equity.
"We are very pleased that Dennis has joined our team at Broadspire," said Robert J. Joubran, chief operating officer of Platinum Equity. "He has an outstanding track record for helping companies in this industry develop their full potential. We believe that his extensive experience and achievements in operations, sales and product development will help Broadspire build on an already strong foundation to become a market leader. Asking him to join the organization is a strong indication of our commitment to growing Broadspire."
Platinum Equity purchased the service business in July from Lumbermens Mutual Casualty Co. and launched a comprehensive transition program to carve out the business and develop it as a standalone company.
Former Broadspire president and CEO Pat Drago left the company to explore other business opportunities. "Pat has made significant contributions to Broadspire, including leading the effort to carve out the company from its former parent, and we wish her well in her future endeavors," Mr. Joubran said.
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