Mark Gilmartin

Last updated

Mark Gilmartin (born February 12, 1963) resides in Reno, Nevada, is a co-owner of Hole In One International and Odds On Promotions, has extensive experience within the golf industry, and has competed at the national amateur golf level throughout his career.

Reno, Nevada City in Nevada, United States

Reno is a city in the northwest section of the U.S. state of Nevada, approximately 22 miles (35 km) from Lake Tahoe. Known as "The Biggest Little City in the World", Reno is known for its casino industry. Reno is the county seat of Washoe County. The city sits in a high desert river valley at the foot of the Sierra Nevada and its downtown area occupies a valley informally known as the Truckee Meadows. The city is named after Union Major General Jesse L. Reno, who was killed in action during the American Civil War at the Battle of South Mountain on Fox's Gap.

Golf sport in which players attempt to hit a ball with a club into a goal using a minimum number of shots

Golf is a club-and-ball sport in which players use various clubs to hit balls into a series of holes on a course in as few strokes as possible.

Contents

Education

Gilmartin graduated from the University of Nevada (1986) with a Bachelor of Science in Business.

University of Nevada, Reno United States historic place

The University of Nevada, Reno is a public research university located in Reno, Nevada. Founded on October 12, 1874 in Elko, Nevada is the sole land grant institution for the state of Nevada.

A Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years, or a person holding such a degree.

Career

Gilmartin began his career in the golf industry in 1982 as president of Tournament Golf Specialists, a wholesale golf tournament supply company.

In 1986, Tournament Golf Specialists became M&M Management and broadened its scope to include golf course retail management and consulting. M&M Management continued operating in this capacity until 1999.

Management consulting is the practice of helping organizations to improve their performance. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external advice and access to the consultants' specialized expertise.

In 1991, Gilmartin added to his business holdings by co-founding Hole In One International, a full-service golf promotions and prize indemnification insurance company. [1] Soon thereafter, Hole In One International added a sister company, Odds On Promotions, to handle the non-golf promotion and prize indemnification requests it was receiving. [2] [3] [4] Today,[ when? ] Gilmartin acts as president of both Hole In One International and Odds On Promotions.

In 2011, Gilmartin's company, Odds On Promotions, faced public scrutiny [5] regarding the hockey shot of 11-year-old Nate Smith of Owatonna, Minnesota. [6] because Nick Smith, Nate's brother, was drawn to take the shot, thus causing a contractual breach. [7] Odds On Promotions was unable to pay the $50,000 claim. [8] In light of the eventual honesty of the Smith family, Gilmartin opted to donate $20,000 to Minnesota Youth Hockey in the boys' names to foster a positive environment for present and future youth hockey in Minnesota. [9] [10]

In 2013, Gilmartin was interviewed by Randy Maniloff with Coverage Opinions. [11]

In September 2013, Gilmartin was interviewed by Stuart Varney with Fox Business. [12]

In January 2014, Gilmartin was interviewed by Caitlin Bronson with Insurance Business America. [13]

In June 2015, Gilmartin was interviewed for an article on weather-based conditional rebate promotions by Brian Brus with The Journal Record. [14] [15]

In October 2015, Gilmartin was interviewed by John Kelly for an article about hole in one insurance that appeared in the Washington Post. [16]

Related Research Articles

Insurance equitable transfer of the risk of a loss, from one entity to another in exchange for payment

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

Rich Beem professional golfer

Richard Michael Beem is an American professional golfer who played on the PGA Tour and is best known for his upset victory at the 2002 PGA Championship.

Property insurance insurance that provides protection against most risks to property, such as fire, theft and some weather damage

Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance. Property is insured in two main ways—open perils and named perils.

Liability insurance is a part of the general insurance system of risk financing to protect the purchaser from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.

In golf, a hole in one or hole-in-one occurs when a ball hit from a tee to start a hole finishes in the cup. A ball hit from a tee following a lost ball, out-of-bounds, or water hazard is not a hole-in-one.

Directors and officers liability Insurance is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers. Such coverage can extend to defense costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against directors/officers simultaneously. Intentional illegal acts, however, are typically not covered under D&O policies.

Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Cargo insurance is the sub-branch of marine insurance, though Marine insurance also includes Onshore and Offshore exposed property,, Hull, Marine Casualty, and Marine Liability. When goods are transported by mail or courier, shipping insurance is used instead.

Kirk Triplett American professional golfer

Kirk Alan Triplett is an American professional golfer who has played on the PGA Tour, Nationwide Tour, and PGA Tour Champions.

Travelers Championship golf tournament held in Hartford, United States

The Travelers Championship is a professional golf tournament on the PGA Tour in Cromwell, Connecticut, a suburb south of Hartford. Since 1984 the tournament has been held at TPC River Highlands. It is managed by The Greater Hartford Community Foundation. In 2018 the Travelers Championship earned the Players Choice Award for the second consecutive year, which is voted on by PGA Tour members for its services, hospitality, attendance and quality of the course.

Yūsaku Miyazato is a Japanese professional golfer. In 2006 he became the first modern-era golfer to make two hole in one shots in the same round of a PGA Tour event, at the Reno-Tahoe Open in Nevada.

Kevin Sangwook Na is a Korean American professional golfer currently playing on the PGA Tour.

The Reno Open was a golf tournament on the Ben Hogan Tour that was contested from 1990 to 1991 and played at Northgate Golf Course in Reno, Nevada.

Prize indemnity insurance is indemnification insurance for a promotion in which the participants are offered the chance to win prizes. Instead of keeping cash reserves to cover large prizes, the promoter pays a premium to an insurance company, which then reimburses the insured should a prize be given away.

Insurance in the United States refers to the market for risk in the United States, the world's largest insurance market by premium volume. Of the $4.640 trillion of gross premiums written worldwide in 2013, $1.274 trillion (27%) were written in the United States.

Allianz European financial and insurance services company

Allianz SE is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. As of 2014, it is the world's largest insurance company, the largest financial services group and the largest company according to a composite measure by Forbes magazine, as well as the largest financial services company when measured by 2013 revenue. The company is a component of the Euro Stoxx 50 stock market index.

Soft Cost is a construction industry term but more specifically a contractor accounting term for an expense item that is not considered direct construction cost. Soft costs include architectural, engineering, financing, and legal fees, and other pre- and post-construction expenses. The term has been replaced in most contractor accrual accounting with the term General & Administrative abbreviated G&A.

Intact Financial Corporation is the largest provider of property and casualty insurance in Canada by annual premiums as of 2017. Formerly an ING Group subsidiary, ING Canada, Intact changed its name from ING Canada to Intact Insurance in 2009.

Sadharan Bima Corporation is the one and only state-owned non-life insurer and reinsurer in Bangladesh under the Ministry of Finance, Government of the People's Republic of Bangladesh. Both Sadharan Bima Corporation, the non-life insurer, and Jobon Bima Corporation, the life insurer, were created under the Insurance Corporation Act of 1973 of Bangladesh.

The Insurance Emporium is a British-based insurance company, which is known for offering specialist insurance, such as pet insurance and hobby insurance. It is a trading name of E&L Insurance.

References

  1. Sabo, Rob. "Nor then Nevada Business Weekly: Insuring Against Good Luck". Northern Nevada Business Weekly: Insuring Against Good Luck. Archived from the original on 17 March 2012. Retrieved 24 June 2011.
  2. O'Hare, Edward. "Roughnotes Magazine: Mark Gilmartin / Hole In One International". Roughnotes Magazine.
  3. Price, Joy. "CNBC Interview with Mark Gilmartin". CNBC Interview with Mark Gilmartin. Retrieved 21 June 2011.
  4. Price, Joy. "Golf Channel: Interview with Mark Gilmartin". Golf Channel: Interview with Mark Gilmartin. Retrieved 24 June 2011.
  5. Marshall, Jack. "The Twins and the Amazing Hockey Shot: the Public Flunks Its Ethics Test…Badly". The Twins and the Amazing Hockey Shot: the Public Flunks Its Ethics Test…Badly. Retrieved 1 September 2011.
  6. "No cash for Minn. boy who made 'miracle' shot". No cash for Minn. boy who made 'miracle' shot. The Associated Press. Retrieved 31 August 2011.[ permanent dead link ]
  7. Gilkey, Eric. "Insurer Off the Hook Despite Improbable Promotional Hockey Shot". Insurer Off the Hook Despite Improbable Promotional Hockey Shot. Retrieved 16 August 2011.
  8. Stevens, Kyle. "Prize denied, but whirlwind continues for Smith family". Prize denied, but whirlwind continues for Smith family. Faribault Daily News. Retrieved 1 September 2011.
  9. "$20K to be donated to youth hockey". $20K to be donated to youth hockey. ESPN. Retrieved 1 September 2011.
  10. Oxarart, Scott. "Reno insurer involved in controversial decision over boy's Minnesota hockey shot describes aftermath". Reno insurer involved in controversial decision over boy's Minnesota hockey shot describes aftermath. Reno Gazette Journal. Retrieved 2 September 2011.
  11. Maniloff, Randy. "The Coverage Opinions Interview With Mark Gilmartin - The Man Who Insures Holes In One (And Other Things You Won't Believe)" (PDF). The Man Who Insures Holes In One (And Other Things You Won’t Believe). Retrieved 5 June 2013.
  12. Price, Joy. "Hole In One Insurance Stuart Varney Interviews Mark Gilmartin". Hole In One Insurance Stuart Varney Interviews Mark Gilmartin. Retrieved 6 September 2013.
  13. Bronson, Caitlin. "The road to the Super Bowl is paved with profits". The road to the Super Bowl is paved with profits. Retrieved 14 January 2013.
  14. Brus, Brian. "Answered prayers: Record rains set B.C. Clark back 25 rings". Answered prayers: Record rains set B.C. Clark back 25 rings. Retrieved 29 June 2015.
  15. Hardzinski, Brian; Brooks, Adam. "Pyrotechnic Peddlers Encouraged By Climate, Calendar; Brides Benefit From Record Rainfall". kgou.org. KGOU. Retrieved 3 July 2015.
  16. Kelly, John. "A local golfer aced his tee shot, and then he did what?". A local golfer aced his tee shot, and then he did what?. Retrieved 28 October 2015.