Wilkes-Barre, Penn.-based GUARD Insurance Group named Eitan Ajchenbaum as chief financial officer and treasurer, replacing Jeffrey Picker who retired in April after nearly 20 years of service.
In his new role, Ajchenbaum will oversee all accounting and finance activities as well as reinsurance, enterprise risk management and facilities operations.
Previously GUARD’s chief risk and financial planning officer as well as a member of various GUARD boards, Ajchenbaum brings two decades of global business experience in a variety of senior management capacities with other companies (including that of chief financial officer and chief operating officer) to his new responsibilities.
His international tenures have ranged from Brazil to Israel and have encompassed a number of technology-based operations as well as the insurance and financial services industry.
GUARD Insurance Group is a workers’ compensation specialist targeting small- to mid-sized accounts. The organization works with independent agents, writing business in 29 states plus the District of Columbia. GUARD wrote approximately $400 million in premium in 2012 for over 66,000 businesses. In October 2012, GUARD was acquired by National Indemnity Company, a subsidiary of Berkshire Hathaway Inc.
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