The Progressive Corp. announced that Glenn Renwick, president and chief executive officer, will retire after more than 15 years as CEO and almost 30 years with the company, effective July 1. He will continue as executive chairman of the board.
Tricia Griffith, currently Personal Lines chief operating officer, will succeed Renwick as CEO and president and will join the board of directors.
Stephen Hardis, lead independent director of Progressive’s board of directors, said the transition is the result of a process initiated by Renwick several years ago. He said the leadership change comes at a “time of strength” for the company.
Renwick joined Progressive in 1986. He was named CEO of insurance operations in 2000 and has served as CEO of the parent company since 2001. He was given the additional role of chairman following the death of previous chairman Peter Lewis in 2013.
Renwick’s successor, Griffith, joined Progressive as a claims representative in 1988 and has served as Personal Lines chief operating officer, responsible for personal lines, claims and customer relationship management groups, since April 2015.
The Hanover Insurance Group has named Joseph M. Zubretsky president, CEO and director effective June 20. He succeeds Frederick H. Eppinger, who last fall announced his intention to retire.
Zubretsky, 59, has 35 years of experience in the insurance and financial services industries. He joins The Hanover after nine years at Aetna, where he served most recently as CEO at Healthagen Holdings, a group of healthcare services and information technology companies, and a member of Aetna’s executive committee.
Zubretsky joined Aetna from Unum Group, where he was senior executive vice president, responsible for the company’s finance, investments, marketing, strategy and risk operations, from 2005 to 2007.
Previously, he was a partner at the global private equity firm of Brera Capital Partners and executive vice president of business development and chief financial officer at MassMutual Financial Group.
The Travelers Companies Inc. announced that Greg Toczydlowski, executive vice president, has been promoted to president of Business Insurance.
Toczydlowski most recently was executive vice president and president, Small Commercial, Business Insurance Technology and Operations. Since joining Travelers in 1990, he has held numerous positions in systems, finance, underwriting, product, marketing and business development. He previously served as president of Personal Insurance.
Travelers also announced the retirement of Doreen Spadorcia, vice chairman, Technology, Claim Services, Operations and Risk Control, and CEO of Personal Insurance and Bond & Specialty Insurance, after 30 years of service, effective Sep. 1. She also has oversight of Analytics, Customer Experience, Marketing, eBusiness and Special Liability Group.
The National Association of Insurance Commissioners’ (NAIC) Northeast Zone has elected Maryland Insurance Commissioner Al Redmer, Jr. as its new chair.
Redmer succeeds Susan L. Donegan, the outgoing commissioner of the Vermont Department of Financial Regulation (DFR), who served as NAIC Northeast Zone chair. Donegan is stepping down from the DFR commissioner post at the end of June.
In addition to Maryland, the NAIC Northeast Zone includes Connecticut, Delaware, District of Columbia, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont.
In his executive leadership role for the Northeast Zone, Redmer will work with his peers in contiguous states to identify the zone’s goals and priorities for the NAIC, and will represent the Northeast on the NAIC’s 17-person Executive Committee for the duration of his term as chair.
The Independent Insurance Agents of Virginia (IIAV) has hired Carter Hope Lyons as director of Education and Professional Development.
Based in IIAV’s Richmond, Virginia, office, Lyons will also take on the role of executive director for the Virginia Association of Insurance Agents (VAIA), IIAV’s non-profit foundation.
Lyons assumes the position previously held by Kristina Preisner who served over seven years with IIAV and has moved on to work with the Virginia Foundation for Independent Colleges.
Lyons previously was director of Education for the Virginia Hospital Research and Education Foundation and director of Continuing Education & The Virginia Meeting for the Virginia Dental Association.
In her new role, Lyons will further enhance the education programs of the organization and ensure that IIAV takes advantage of new technologies related to education.
Topics Virginia
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