Penny Hoyt

Technical Valuations Analyst

Penny Hoyt

Penny Hoyt began her reinsurance career in 1998 with Houston Casualty/LDG Reinsurance as Director of Reinsurance Claims. In this role, she maintained relationships with brokers, with both run-off accounts, as well as with new business accounts, visited with them on a regular basis, provided workers’ compensation claim oversight, reserving and settlement suggestions to move claims through to a conclusion. She was also accountable to various underwriting facilities and reinsurance pool members. She has over 19 years of continuous service and joined Cranmore in 2017.

Penny’s experience is with Workers’ Compensation insurance, and she has performed numerous Third Party Administrator inspections/claim reviews/reserve evaluations for prospective new business, as well as settlement/commutation valuations.

Job Summary

Insurance carrier began in 1990 as a WC Claims Adjuster at Commercial Union, then a WC Claims Supervisor and Litigation Specialist at MEMIC, before she joined the reinsurance world in 1998.

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