Connecticut is chock full of insurers with a national or even global presence, but not many write business in Connecticut alone.
Farmington-based ConnectiCare, led by President Eric Galvin since 2017, does.
ConnectiCare, a subsidiary of New York-based EmblemHealth, has been a stalwart presence in the state-run Access Health CT Obamacare insurance exchange, when giants like Aetna, Cigna and UnitedHealthCare have ignored the marketplace.
Galvin, who was formerly chief financial officer, succeeded seven-year chief executive Michael Wise in 2017, taking the top spot at the Scott Swamp Road headquarters a year after ConnectiCare informed rating agency A.M. Best that it expected to lose over $55 million.
Since Galvin’s appointment as president, ConnectiCare has tightened its bond with the Connecticut Business & Industry Association (CBIA), bringing a form of self-insured health policy known as a “level-funded” plan to the state’s largest business lobby, which has seen its health insurance perks diminish in recent years as a membership driver.