The board of Adventist Risk Management has named Tim Northrop as the new president and chief executive of the company and its affiliated Gencon Insurance companies.
Northrop, who has held multiple positions within the company, most recently as senior vice president, replaces Robert E. Kyte, who will retire May 31 to pursue other business opportunities in Idaho.
“We as the ARM board are confident in Tim’s knowledge of insurance and solid financial management," said board chair Juan R. Prestol-Puesán, who also serves as treasurer of the Adventist world church.
“Tim has the ability and energetic perspective to lead this company,” he said. “He understands the mission of the Adventist world church and brings a deep commitment to serve. We know that he will use this knowledge to ensure that the Adventist Church's ministry needs are covered. We will give him our full support."
Northrop began is career at Adventist Risk Management in 2001 as a technical assistant in the underwriting department. He worked in the placement department and in field services, now the client care department, eventually serving as manager in both departments. In 2012, Northrop was named vice president and chief insurance operations officer. In May 2015, he was promoted to senior vice president, expanding his responsibilities to manage Adventist Risk Management’s two international offices in Brazil and Britain.
In addition, Northrop procured insurance coverage to assist the growing number of mega health fairs held by Seventh-day Adventist Church organizations in North America and worked with Adventist Church leaders in Inter-America to provide affordable, comprehensive risk financing. He was instrumental in launching cyber coverage for the Adventist Church. His work with international and domestic reinsurance program has provided significant financial savings.
“ARM’s mission is to protect the ministries of the Adventist Church, and I see that as my ministry as well,” said Northrop. “As the Adventist Church grows, we need to be more proactive in risk managing, including preventing and risk financing, to ensure ministry needs are covered. It starts with education at the local church where we often see the most losses occur, ensuring the stability of the captive insurance company for future church needs and expanding our international coverage for global ministry.”
Kyte praised Northrop’s leadership.
“Tim has proven himself time and time again in his work at ARM,” he said. “I have seen his work ethic and his commitment to this ministry. The company and its future are in capable hands. Of this fact, I’m confident.”
Northrop holds several insurance licenses and designations, including the Maryland Property and Casualty Producer License, Life and Health Insurance Producer License, and associate designations in General Insurance and in Risk Management. He holds a B.A. in business administration from Southwestern Adventist University.