Gore Mutual, a property and casualty insurer, announced March 2 that President and CEO Heidi Sevcik has decided to retire from the company. Andy Taylor has been appointed Chief Executive Officer effective July 1, 2020. In addition, Paul Jackson has been appointed Chief Operating Officer effective March 2, 2020.
Sevcik has been with Gore Mutual for over 26 years and has spent the past six years as President and CEO. “During her tenure, the company has grown premiums by over 30% and increased its surplus by 25% in a challenging time for the industry,” said the company in a statement. “She successfully repositioned Gore Mutual as a modern mutual with investments in broker distribution, pricing sophistication, technology and people.”
Taylor has been with Gore Mutual for 15 years and has held the position of Chief Financial Officer since 2012 responsible for strategic finance, investments, reinsurance and risk management. He is a Chartered Professional Accountant (CPA) and spent a number of years working on the advisory teams for several multi-national CPA firms before coming to Gore Mutual.
Jackson has been with Gore Mutual for six years responsible for marketing and distribution. He is appointed to the newly created position of Chief Operating Officer to integrate broker and retail distribution, underwriting, pricing and claims to support a pan-enterprise approach to operating and transforming the insurance business.
In addition to these appointments, Gore Mutual also announced two other senior executive appointments. Lyndsay Monk has been promoted to the position of Chief Financial Officer effective March 2, 2020 and Jas Dhindsa is joining the company as Chief Technology and Data Officer effective March 16, 2020.
Also joining the company are two new executives reporting to Paul Jackson. Gavin Brown-Jowett is appointed Vice President of Personal Lines & SME Transformation and Leszek Bialy is appointed Vice President of Mid-Market Commercial. In addition, Lori Bader has been promoted to the position of Vice President of Broker Distribution.
"We have created a strong foundation for the future and today we are at the start of an incredible transformation of our company,” stated Heidi Sevcik. “Now feels like the ideal time to transition the leadership and I have every confidence in the new team."
