Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 25th of September 2018
November 2, 2009

Glacier appoint new CEO and release Q3 figures

by Richard Kilner

Story link: Glacier appoint new CEO and release Q3 figures

Glacier Group has announced the appointment of Todd Hart as chief executive officer, with immediate effect.

He was formerly a non-executive director on Glacier’s board, representing founding shareholder HBK Capital Management.

Hart replaces Robbie Klaus, who has left the position of CEO but will remain with the firm as a consultant.

Chairman Will Rose has thanked Klaus for his contribution to Glacier and congratulated Hart on his appointment.

In addition to the change at the top of the firm, Glacier has announced its third quarter financial results.

The firm made net income (before tax) of $56.7m (YTD), with gross written premiums of $66.1m.

Total investments and cash have increased by almost $90m to $973.8m.

Chief Financial Officer Glenn Campbell has expressed his pleasure at the continuing strong performance after a good first six months of the year.

Campbell went on to state that the firm remained confident about its prospects both in the fourth quarter of this year and into 2010.

 

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