Prendes Expands Organization’s Supplemental Benefits Footprint

TAMPA, Fla., February 25, 2019 — Sydney Consulting Group and Sydney Administrators (collectively “Sydney”) announce the hiring of Michael (Mike) Prendes as a Consultant in its growing business.  Mike is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.  He will be based in Tampa, FL.

“Sydney’s success is measured by the success of its clients, employees, and partners.  I am confident that Mike will deliver on our promise of excellence and lead transformative change in our industry in the coming years,” said Sydney’s founder Bill Bade, FSA, MAAA.  “I am excited to welcome Mike and his wife Shelby into the Sydney family.”

Mike joins Sydney after a successful release of supplemental products at Anthem as Director of Product Management, Specialty Businesses.  In his role at Anthem, Mike provided oversight on all actuarial, compliance, and operational responsibilities.  Prior to Anthem, Mike was responsible for the design, pricing, modeling, and valuation of health and life products at Allstate Benefits, a subsidiary of The Allstate Corporation.

“I am thrilled to join Sydney at a pivotal time when so many carriers are looking to kick-start or improve their operations within the Supplemental Benefit product space,” Mike shared.  “It is my hope that our team can apply both our business experience and actuarial expertise to create practical, results oriented solutions for our clients’ challenges in this market segment.”

Mike can be reached at Mike.Prendes@sydneygrp.com and Bill Bade can be reached at Bill.Bade@sydneygrp.com.

About Sydney Consulting Group

Sydney Consulting Group provides actuarial, compliance, and strategic consulting to carriers, employers, and producers in the supplemental benefits market.  Product experience includes, but is not limited to, Accident Indemnity, Accident Medical Expense, Cancer, Critical Illness, Short Term Disability, Hospital Indemnity, Medical Gap, Term Life, Universal Life, and Whole Life.  Sydney Consulting Group is a client-focused organization built on the carrier and consultant leadership experience of its staff.

About Sydney Administrators

Sydney Administrators provides administration and operational solutions to carriers, including billing, claims, underwriting, new policy issuance, employer implementation/on-boarding, account management, etc.  Together, Sydney Consulting Group and Sydney Administrators combine leading supplemental benefits knowledge with acquired data and technology.