Bright Healthcare's former Texas market president, Meredith Duncan, has been named CEO of Texas Mutual Insurance Co.'s new health insurance subsidiary.
Texas Mutual is seeking to offer additional health insurance options to small businesses, according to a Jan. 5 news release.
The Texas Legislature passed a bill in 2021 allowing Texas Mutual to create a health insurance subsidiary, the release stated. The company's board of directors recently approved the creation of the subsidiary, which, subject to the Texas Insurance Department's approval, plans to introduce a coverage option in early 2024.
Ms. Duncan will lead the next steps in the subsidiary's product offering and market launch, according to the release.