Grandstaff Joins Florida-Based SUNZ as CFO, Executive Vice President

SUNZ Holdings of Bradenton, Fla., has appointed Michael W. Grandstaff to the position of chief financial officer and executive vice president of SUNZ Holdings, and chief financial officer of SUNZ Insurance Co.

Grandstaff will report directly to Steven F. Herrig, CEO and chairman of the Board. In his new position, Grandstaff will be responsible for overseeing the financial reporting and accounting operations for SUNZ Insurance Co. He will also play an important part in setting strategic direction and development of the holding company’s affiliates.

Before joining SUNZ, Grandstaff held positions with several insurance carriers and was employed by several national accounting firms. Most recently, he was an executive vice president for a workers’ compensation insurance service provider where he led his team in acquiring numerous acquisitions that included assets of $132 million.

Grandstaff has been responsible for organizational strategy, GAAP and statutory accounting and financial reporting, actuarial reserving and financial planning and analysis throughout his 34-year career.

SUNZ Holdings, the parent company to five subsidiaries, is owned by Herrig. SUNZ Insurance Co. and SUNZ Insurance Solutions, the initial companies held by the holdings company, were founded specifically to provide workers’ compensation solutions for professional employer organizations, staffing companies and large self-insured employers.

Other affiliates under the SUNZ Holdings moniker include: Next Level Administrators, a goal-oriented workers’ compensation claims and program administration firm, SUNZ Insurance Agency, an insurance agency, and DiffRins SPC, a class B(i) licensed insurance company under the laws of the Cayman Islands.

Topics Florida Workers' Compensation