4 January 2023Reinsurance

Hutchings to step down at Everen

Bermuda-based Everen has announced that George Hutchings, senior vice president and chief operating officer (COO), will retire at the end of 2023. Robert Foskey, senior vice president and chief actuary, will succeed Hutchings as COO, effective April 1, 2023.

Hutchings will remain at Everen for the balance of 2023 as special advisor.

“On behalf of the board of directors, the management team, and all of Everen’s employees, I want to thank George for the tremendous impact he has had on the organisation over the past 18 years,” said John Weisner, Everen’s chairman. “A steadfast and strategic leader, George played a significant role in transforming the mutual insurer, including, the establishment of a highly cost effective capital structure, the introduction of a revised pricing methodology, the launch of a new way to cover windstorm losses, the creation of online data analytics for the membership, the development of several strategic plans and the full renaming and rebranding of the organisation. The board is sincerely grateful to George for his dedication to Everen and wishes him all the best in the next chapter of his life.

“While we will miss George, we are thrilled to welcome Rob to his new position in the organisation. Since joining Everen in 2007, Rob has played an integral role in the company’s ongoing growth and I know that this track record of success will continue when he takes over as COO."

Everen said that Foskey’s selection is the culmination of a robust, multi-year leadership development and succession planning process led by the board. Weisner added that “Rob was the natural choice to succeed George given his significant involvement in virtually all of the improvements made to Everen over the past 17 years. As chief actuary, Rob has been a key member of the leadership team and has demonstrated a strong ability to help move the organisation forward.

“The board is confident Rob will be a very effective leader of Everen and will continue to drive the company to further success.”

Hutchings said, “It has been an honour to serve as COO of Everen during this period of transformation and growth, and I want to offer my sincere thanks to our employees whose hard work and dedication have allowed us to achieve so much. I also want to thank our shareholders, my colleagues in our leadership team and the Board of Directors for their ongoing support. I have worked with Rob for many years and he is an excellent choice to take the reins as COO of Everen. I look forward to working closely together for the balance of the year to ensure a smooth transition.”