Karin has more than 25 years of experience in the insurance, health care, risk financing, retirement and benefits industries and holds eight insurance patents in her name. In the 18 years since she co-founded Spring, she has helped clients of all sizes and across a myriad of industries, assisting them a variety of projects including developing innovative insurance and captive entities; evaluating international benefits design issues, strategies and funding vehicles; creating market entry strategies for financial services firms including banks, insurers, and investment companies in the retirement area; developing life and health insurance products and strategies for major market players; evaluating international health care issues and funding vehicles; and establishing and evaluating integrated delivery systems, HMOs and insurance arrangements related to retiree disability and workers’ compensation.
Karin has held several advisory board positions, including for Fallon Health. Throughout her career, Karin has received numerous awards including but not limited to the Risk & Insurance Power Broker award, Business Insurance’s Women to Watch award, Captive International’s Feasibility Study award, and being named to Captive Review’s Power 50 list for many years running.
Karin holds the following designations: ACI, CEBS, CLTC, GBA, and is a licensed broker in most states. She received a B.S.B.A from Babson College and pursued graduate studies in finance at Northeastern University.
Karen Trumbull English
Senior Vice President
Karen has has over 20 years of experience in the disability, absence and workers’ compensation insurance industries with an emphasis on product design, risk financing and process improvement. Her areas of focus include total absence management, captive financing and funding, insurance and financial services strategy, technology improvement, project management and implementation. Prior to joining Spring Consulting Group and Watson Wyatt, Karen led the regional risk & insurance practice for a small consulting firm, held the role of Assistant Risk Manager for one of the nation’s largest banks (U.S. Bank), and was a casualty broker for two of the world’s largest insurance brokers (Marsh and Aon).
Karen has her BBA in Risk Management and Human Resources from University of Wisconsin-Madison, and her MBA in Finance from University of Minnesota – Carlson School of Management. She has also earned the designations of CPCU, ARM, ACI, and AU, is on the Executive Advisory Board of the DMEC and is a licensed insurance broker. Among other accolades, Karen has won the Power Broker award from Risk & Insurance several times, most recently for her work related to workers’ compensation.
Senior Vice President
Teri has over 15 years of experience in health and welfare plan strategy, design, pricing, and implementation. She also works with absence management programs, including disability, family medical leave and leave of absence tracking. Her areas of expertise have allowed her to work with diverse employers and vendors to streamline processes and programs to meet the needs of insurers, administrators, employers and employees. Prior to joining Spring, Teri worked with Watson Wyatt, Buck Consultants and AON Consulting.
Teri earned a BS at the University of Connecticut and an MBA at the University of Massachusetts. She is a licensed broker in the states of MA and CT, has ACI and PMP certifications and is on the Board of Directors for the New England Employee Benefit Council (NEEBC). Teri was one of five finalists for BenefitPro’s 2020 Broker of the Year Award.
Senior Vice President & Chief Actuary
Steven has over 25 years of actuarial, financial, underwriting and strategic insurance experience with a group life, health and pension focus. He provides leadership to Spring’s actuarial team and brings a wealth of knowledge and experience in the strategic, pricing and financial arenas of life and health insurance. Prior to joining Spring, Steven was the Senior Vice President, CFO and Chief Actuary of Nippon Life Benefits in New York, a subsidiary of Nippon Life Insurance Company, a global mutual life insurer.
At Spring, Steven assures reserves and other actuarial financial statement items are adequate for insurers including captives and employer self-funded plans. Steven has deep business plan experience including development of strategic initiatives and financial projections including deterministic and probabilistic modeling. He has led the development and implementation of numerous strategic initiatives including placing employee benefits in a captive, pooling group together to share medical stop loss risk, building alternative insurance carrier distribution, reinsurance analysis and purchase, utilizing third party administrators and resourcing insurance services to gain cost efficiencies and access to a broad scope of services for insurance carriers including captives.
Steven earned a B.S. in accounting from the State University of New York at Binghamton. He is a fellow of the Society of Actuaries (FSA) and a member of the American Academy of Actuaries (MAAA).
Chief Property & Casualty Actuary
Peter has nearly 20 years of actuarial experience in reserving, pricing, alternative risk funding, risk optimization, captive feasibility and reinsurance risk transfer work. This experience includes workers’ compensation, medical professional liability, professional liability, automobile, general liability, cyber liability, mortgage insurance and other enterprise risks.
Peter was recently recognized by Business Insurance as a 2019 Breakout Award winner and in both 2020 and 2021 received Captive International’s Highly Commended Individual Actuary award. Peter also serves as a faculty member of International Center for Captive Insurance Education’s (ICCIE’s) actuarial course. Prior to joining Spring, Peter was the President and Consulting Actuary with Bartlett Actuarial Group and a Consulting Actuary with Milliman. Peter has given industry presentations, published articles and served on various committees in both the Casualty Actuarial Society and captive insurance industry.
Peter earned a B.S. in applied math and computer science from the University of Wisconsin – Stout. He is a fellow of the Casualty Actuarial Society (FCAS) and a member of the American Academy of Actuaries (MAAA).
Vice President & Senior Consulting Actuary
Harindra brings to bear nearly 20 years of actuarial consulting experience, having served some of the largest and most complex clients in both the U.S. and Canada, across a wide range of industries. His prior roles have encompassed client relationship management, sales growth leadership, financial management, intellectual capital development, and actuarial leadership. Harindra’s experience spans group benefit plan strategy, pricing, financial management, program design, and vendor management, including projects on due diligence for M&A deals, union negotiations, settlement of unfunded retiree benefit obligations, and guidance on cost reduction and talent attraction/retention through plan redesign.
Harindra holds an Executive MBA from the Kellogg School of Management at Northwestern University and a Bachelor of Commerce (Honours) from the Asper School of Business at the University of Manitoba. He is a Fellow of the Society of Actuaries (FSA), a Fellow of the Canadian Institute of Actuaries (FCIA), and a Member of the American Academy of Actuaries (MAAA).
At Spring, Prabal leads many of the firm’s most advanced client projects, with a focus on employee benefits, captive insurance and alternative risk funding. He drives the strategic and innovative thinking processes and serves as the project lead for some of the country’s largest employers. Prior to joining Spring, Prabal was working in various finance and operational roles across the globe. Prabal joined Spring and the world of captives in 2015 and quickly became a talent to reckon with in the industry. In 2019, Prabal won the Emerging Talent award for Service Professionals from Captive Review.
He was the 2020 winner of Employee Benefit Adviser’s Rising Star Award and was recognized by Business Insurance for their 2020 Breakout Awards. In 2021 he was recognized as a Rising Star by Insurance Business of America for continuing to push the industry forward.
Prabal has his MBA from Babson College and has received the Associates in Captive Insurance (ACI) certification. Prabal currently serves as a Board of Director at Captive Insurance Companies Association (CICA), the only domicile neutral captive insurance association.