Everen Group appoints Foskey as president and CEO
The Bermudian-based Everen Group, a group of leading energy insurance companies, has appointed Robert Foskey as its new president and chief executive.
“I am honoured and excited to take on the role of Group CEO. It has been a privilege to be a part of the Everen Group and to lead Everen Limited as COO. I want to thank the board for its confidence as I step into this role,” Mr Foskey said.
“I look forward to working with our talented leadership team and employees as we continue to innovate and deliver consistent value to our shareholders and customers and advance the group’s position as leaders in the global insurance industry.
“I am committed to fulfilling our mission and values and enhancing our culture through teamwork, collaboration and transparency.”
In a statement, the group that said Mr Foskey brought a “wealth of experience and a proven track record of success with the Everen Group”.
It said he was set to lead the company into its next phase of growth and innovation.
The statement added: “Over the past 17 years with the Everen Group, Mr Foskey has demonstrated exceptional leadership and strategic vision in his capacity as the group chief actuary for 15 years and most recently as the chief operating officer of Everen Limited.
“He has overseen key operational improvements and driven significant growth. Mr Foskey has a deep understanding of the group’s mission and values, making him the ideal choice for the role of CEO.”
The Everen Group includes two distinct operating companies providing complementary products: Everen and Everen Specialty.
Everen is the largest energy insurance mutual company in the world, operating for more than 50 years and acting as a pure mutual owned by its member shareholders.
Its underwriting is 100 per cent supported by its own balance sheet with no third-party capital and it offers up to $450 million of per occurrence limits.
Everen Specialty is an industry-owned commercial reinsurer offering property and casualty insurance and reinsurance for members and non-members.
Everen Specialty also has a subsidiary, Ocil Specialty Ltd, writing US surplus lines business through OSL Insurance Services, a managing general agent based in Houston, Texas.
John Weisner, chairman of the board of Everen Limited, said: “We are extremely pleased to appoint Rob as group CEO.
“His contributions as chief actuary and COO have been invaluable, and the board is confident he will continue to propel the Everen Group forward with the same dedication and inspiration.
“The board would also like to thank Bertil Olsson for his contributions to the Everen Group as CEO over the past nine years.”
John Talarico, chairman of the board of Everen Specialty Ltd, added: “The board unanimously agree that Rob is the ideal leader for the Everen Group.
“His in-depth knowledge of our operations and commitment to our organisation will ensure a seamless transition and continued success.”
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