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PURE Insurance Continues Expansion, Appoints General Counsel and Actuary

June 1, 2013

White Plains, New York – July 2, 2013 - Privilege Underwriters, Inc., the holding company of the PURE Group of Insurance Companies, today announced the appointment of Steven Oakley as Chief Actuarial Officer and Mark Musser, Esq. as Chief Legal Officer and Corporate Secretary.

“The PURE membership has grown to more than 23,000 successful families across more than 40 states,” said Ross Buchmueller, president and CEO. “The expertise and experience that Steve and Mark bring to these important new roles will create great value as we continue our geographic expansion, enhance our product portfolio, and welcome the next 20,000 members.”

As Chief Actuarial Officer, Mr. Oakley will oversee product development, rate making and analytics. Prior to joining PURE, Mr. Oakley served as Chief Actuary for Consumer Markets with the Hartford, where he was responsible for assessing and managing the performance and risks of the company’s personal lines products. Previously, Mr. Oakley served on the leadership team of Response Insurance, an automobile insurance carrier.

In his position, Mr. Musser will oversee the legal, compliance and governmental affairs of the PURE Group of Insurance Companies. Mr. Musser comes to PURE from Selective Insurance Company of America in Branchville, NJ, where he served as vice president and General Counsel and led a team of fifteen. His experience also includes roles as Assistant General Counsel with Zurich American Insurance Company and Kemper Casualty Company.

About PURE

Privilege Underwriters Reciprocal Exchange (PURE) is a policyholder-owned insurer dedicated to creating an exceptional experience for responsible high net worth individuals and families. PURE provides best-in-class, customizable coverage throughout most of the U.S for high-value homes, automobiles, jewelry, art, personal liability, watercraft and flood. Inspired by some of the finest policyholder-owned companies in the world, PURE emphasizes alignment of interests and transparency. PURE’s low cost of capital, careful member selection, and proactive risk management all contribute to highly competitive rates. As a member of The PURE Group, PURE is rated A- “Excellent” for Financial Strength by A.M. Best. In return for a fee, PURE Risk Management, LLC acts as Attorney-in-Fact for PURE.

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Editor's Notes:
Interviews with PURE's executives, agents and members may be coordinated. Copies of the A.M Best Company report are available.

This material is descriptive only. The precise coverage offered is subject to the terms and conditions of the policies issued. The rights and responsibilities of members are subject to the Subscriber’s Agreement and Power of Attorney. Coverage may not be available in all jurisdictions..