Common Insurance coverage Holdings, Inc. (NYSE: UVE) introduced right this moment that Michael J. Poloskey will tackle a brand new position as Chief Working Officer (COO), efficient instantly. Mr. Poloskey fills the COO position, which was vacated final summer season when Steve Donaghy was named CEO.
“This transfer matches with the pure development of our group in offering alternatives for development and making a tradition of operational excellence,” stated Steve Donaghy, Chief Government Officer.
Mr. Poloskey stated, “I sit up for broadening the operational excellence tradition we’ve got instilled inside our underwriting division the previous a number of years, cross functionally all through the group, in partnership with our government management crew.”
Mr. Poloskey, 50, has been the Firm’s Vice President of Underwriting since 2013. Previous to his position because the Vice President of Underwriting he served as Vice President of Evolution Danger Advisors (previously Common Danger Advisors) since 2009. Over greater than a decade Mr. Poloskey has been a liaison between Evolution Danger Advisors and the in-house reinsurance middleman Blue Atlantic Re, has overhauled operational workflows and the organizational construction within the underwriting division, and has been a champion of expertise adoption, enterprise structure and execution. Previous to becoming a member of the Firm in 2009, Mr. Poloskey was employed within the monetary providers business.
Mr. Poloskey acquired his bachelor’s diploma from the College of Illinois.
About Common Insurance coverage Holdings, Inc.
Common Insurance coverage Holdings (UVE) is a holding firm providing property and casualty insurance coverage and value-added insurance coverage providers. We develop, market, and write insurance coverage merchandise for customers predominantly within the private residential owners strains of enterprise and carry out considerably all different insurance-related providers for our main insurance coverage entities, together with danger administration, claims administration and distribution. We promote insurance coverage merchandise by each our appointed impartial brokers and thru our direct on-line distribution channels in america throughout 18 states (primarily Florida). Be taught extra at UniversalInsuranceHoldings.com.
This press launch could include “forward-looking statements” throughout the that means of the Non-public Securities Litigation Reform Act of 1995. The phrases “consider,” “count on,” “anticipate,” “will,” “plan,” and comparable expressions establish forward-looking statements, which communicate solely as of the date the assertion was made. Such statements could embrace commentary on plans, merchandise and contours of enterprise, advertising and marketing preparations, reinsurance packages and different enterprise developments and assumptions regarding the foregoing. Ahead-looking statements are inherently topic to dangers and uncertainties, a few of which can’t be predicted or quantified, together with these dangers and uncertainties described underneath the heading “Danger Elements” within the Firm’s Annual Report on Kind 10-Ok and within the Firm’s Quarterly Report on Kind 10-Q for the quarter ended March 31, 2020, in addition to in our different filings with the SEC. Future outcomes may differ materially from these described, and the Firm disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions, or in any other case.