Everen Group announces new president and CEO

Everen Group announces new president and CEO | Insurance Business New Zealand

Reinsurance

Everen Group announces new president and CEO

The group praises his track record of leadership within the organization

Reinsurance

By
Jonalyn Cueto

The Everen Group, a coalition of energy insurance companies, has announced the appointment of Robert Foskey as its new president and CEO. According to a report from The Royal Gazette, Foskey succeeds Bertil Olsson, who served as CEO for nine years.

“I am honored 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,” Foskey said.

Foskey, who has been with the Everen Group for 17 years, has a track record of success within the organization. According to a company statement, Foskey served as the group chief actuary for 15 years before becoming the chief operating officer of Everen Limited. During his tenure, Foskey oversaw key operational improvements and drove significant growth.

“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,” Foskey said.

Long-serving leader

The Everen Group praised Foskey’s extensive experience and leadership skills. “Mr. Foskey has demonstrated exceptional leadership and strategic vision. [He] has a deep understanding of the group’s mission and values, making him the ideal choice for the role of CEO,” the group said in the statement.

John Weisner, chairman of the board of Everen Limited, expressed his confidence in Foskey’s leadership. “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.”

John Talarico, chairman of the board of Everen Specialty Ltd, echoed this sentiment. “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 organization will ensure a seamless transition and continued success.”

The Everen Group comprises two complementary companies: Everen and Everen Specialty. Everen, the world’s largest energy insurance mutual, has operated for over 50 years, entirely backed by its balance sheet with no third-party capital, offering up to $450 million per occurrence. Everen Specialty provides property and casualty insurance and reinsurance for both members and non-members. Its subsidiary, Ocil Specialty Ltd, writes US surplus lines business through OSL Insurance Services, a managing general agent based in Houston, Texas.

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