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
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.
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).
Ron brings to bear over 30 years of insurance experience across financial solutions, capital and risk management, and employee benefits. Ron’s financial experience includes surplus management, mergers and acquisitions, risk management program design, financial reporting and auditing, reinsurance including captive insurance, and regulatory filings and compliance.
On the employee benefits side, Ron has worked on pricing and product development for a range of insurance lines including group life, disability, dental, and others. He is an experienced underwriter, has assessed new market entry opportunities and product development, and is an expert in operational tactics such as streamlining processes for expense and efficiency gains, assessing the claims management process, and benchmarking against industry standards.
At Spring, Ron leads the actuarial team and is responsible for strategic oversight and business development as well as leveraging his vast expertise to ensure client programs are running soundly and optimally. Ron also serves as an adjunct professor of Corporate Finance within the Actuarial Science Program at the University of Connecticut. Prior to joining Spring, Ron was a Managing Director leading the Health and Benefits Risk Analytics Practice at KPMG and also held leadership roles at Willis Towers Watson, Lincoln Financial Group, and The Hartford. He received a bachelor’s degree in actuarial mathematics from Central Connecticut State University and is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.
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).
T.J. consults with domestic and multi-national organizations seeking alternative risk solutions, including providing strategic captive consultation to clients evaluating the utilization of a captive insurance company for the first time as well as those with existing captives looking for program enhancements. T.J. has over 13 years of experience in accounting and financial and risk management, specializing in complex captive design and management. Prior to joining Spring, T.J. was Vice President – Alternative Risk Consulting with NFP, where he was the lead consultant for the Risk and Insurance Strategy Collective (RISC) team. He previously held the position of accounting and client relationship manager with Artex Risk Solutions, Inc., where he managed captive insurance companies while collaborating with and mentoring a team of industry professionals.
T.J. graduated from the University of Iowa with a B.B.A. in Finance and a master’s degree in Accounting and Financial Management. T.J. is a licensed Certified Public Accountant (CPA) in California, and also holds the RIMS-Certified Risk Management Professional (RIMS-CRMP) and Associate in Captive Insurance (ACI) designations. T.J. is an active participant on various committees and associations within the captive industry.
Assistant Vice President-Pharmacy
Jennifer is an accomplished clinical pharmacist with an extensive background across a diverse 30 years of experience. Jennifer serves as a subject matter expert and is highly focused on analyzing pharmacy spend and trends and using prescribing patterns to identify significant outliers, and to optimize the use of medications to support clinical goals. She has extensive knowledge in value-based contracts and works closely with both internal and external stakeholders on the strategy, design, and implementation of programs and initiatives to ensure optimal financial and quality performance in Commercial, Medicare, and Medicaid populations.
Prior to working with Spring, Jennifer worked as a Clinical Pharmacist and Population Health leader at Beth Israel Lahey Health where she was keenly focused on medication optimization, analyzing prescribing patterns to understanding drug spend and trend, the rising costs and utilization of specialty medications, and various population health initiatives focused on meeting or exceeding HEDIS targets. She also created and served as the Rising Risk Disease Management Program Manager which focused on patients living with chronic disease(s) and the intersection/interdependency of medications and wellness. For over 15 years prior, Jennifer worked in varying roles at CVS Health, playing an active role in the training and development of future leaders, leading pilots to evaluate clinical and operational programs prior to company rollout, and partnering with managed care organizations on population-health based initiatives.
Jennifer graduated from the University of the Sciences in Philadelphia with a Bachelor of Science degree in Pharmacy. She is currently pursuing her Master’s in Business Administration at Nichols College in Dudley Massachusetts.