GeoVera Insurance Holdings, Ltd. Appoints Glenn Pomeroy as Executive Vice President of Marketing and Regulatory Affairs
[New York, NY] – January 17, 2024 – GeoVera Insurance Holdings, Ltd., a prominent provider of specialty property insurance, proudly announces the appointment of Glenn Pomeroy as Executive Vice President of Marketing and Regulatory Affairs. Mr. Pomeroy, a highly esteemed and experienced insurance industry executive, will join GeoVera effective February 1, 2024.
Glenn Pomeroy: A Stalwart in the Insurance Industry
Mr. Pomeroy brings over three decades of invaluable expertise to his new role at GeoVera. His illustrious career boasts proven leadership success in various high-profile positions within the insurance sector. Notably, he served as the North Dakota Insurance Commissioner for eight years, where he demonstrated exceptional regulatory acumen. Furthermore, Mr. Pomeroy held the position of CEO at the California Earthquake Authority (CEA) for over 15 years, leaving an indelible mark on the organization.
During his tenure at the CEA, Mr. Pomeroy exhibited extraordinary leadership and strategic vision. Under his able guidance, the CEA experienced remarkable growth, with policies in force soaring from 779,000 to over 1.1 million. Moreover, the firm’s claims-paying capacity witnessed a significant boost, growing from $9.4 billion to an impressive $20 billion. Mr. Pomeroy’s industry leadership and expertise were further recognized when he served as President of the National Association of Insurance Commissioners, a testament to his unwavering dedication to the insurance sector.
Pomeroy’s Mission at GeoVera
In his new role at GeoVera, Mr. Pomeroy will spearhead the company’s marketing and regulatory affairs functions. He will be entrusted with the responsibility of developing and implementing comprehensive strategies to enhance GeoVera’s market presence, drive business growth, and ensure unwavering compliance with regulatory requirements. Mr. Pomeroy’s extensive experience and unparalleled industry knowledge will undoubtedly prove invaluable in propelling GeoVera towards achieving its strategic objectives.
Enthusiastic Endorsements from Pomeroy and Forney
Expressing his excitement about joining GeoVera, Mr. Pomeroy stated, “Joining GeoVera is a natural extension of my career in the California earthquake insurance industry. GeoVera has been writing earthquake insurance in California since before the CEA was formed, and this is GeoVera’s core business. I am grateful for the success we had at the CEA in covering more Californians for this risk and look forward to helping GeoVera continue to move forward.”
John Forney, President & CEO of GeoVera, warmly welcomed Mr. Pomeroy to the company. He lauded Mr. Pomeroy’s exceptional leadership qualities and his invaluable contributions to the insurance industry. Mr. Forney remarked, “We are thrilled to have Glenn join us. For more than 15 years, Glenn has led the CEA with a passion and vision to grow the number of Californians covered by earthquake insurance. I know him to be a great leader and teammate and look forward to the contributions he will make as we continue to grow our earthquake insurance business.”
A New Era of Excellence for GeoVera
The appointment of Glenn Pomeroy as Executive Vice President of Marketing and Regulatory Affairs at GeoVera Insurance Holdings, Ltd. marks a pivotal moment in the company’s history. Mr. Pomeroy’s extensive experience, industry expertise, and proven leadership skills will undoubtedly contribute to GeoVera’s continued growth and success in the specialty property insurance market.
With Mr. Pomeroy at the helm, GeoVera is poised to reach new heights, delivering innovative insurance solutions, expanding its market reach, and solidifying its position as a leading provider of specialty property insurance.