Kathleen A. Savio named to Brown & Brown, Inc. board of directors
18 1월 2024 - 8:45PM
Brown & Brown, Inc. (NYSE: BRO) announces the addition of
Kathleen A. Savio, former chief transformation officer of Zurich
Insurance Group, to Brown & Brown’s board of directors.
H. Palmer Proctor, Jr., Brown & Brown’s lead
independent director and chair of the Nominating/Corporate
Governance Committee of Brown & Brown’s board of directors,
said, “Kathleen joins us on the heels of an impressive career at
Zurich spanning more than three decades. Her broad knowledge of the
insurance industry, extraordinary leadership abilities and
extensive experience growing businesses organically and via
acquisition make her a wonderful addition to our board of
directors.”
J. Powell Brown, Brown & Brown’s chief
executive officer and a board member commented, “Kathleen is a
dynamic leader who brings a wealth of industry experience. We look
forward to her lending us her unique perspective as we work
tirelessly to continue profitably growing our business and creating
long-term value for our shareholders.”
Savio retired from Zurich Insurance Group,
effective December 31, 2023, most recently serving as chief
transformation officer from January 2021 until her retirement. From
January 2018 to December 2020, she served as chief executive
officer for Zurich North America and chairwoman of the boards of
Zurich American Insurance Company and Zurich Holding Company of
America. From 2012 through 2017, Savio served as Zurich North
America’s head of alternative markets. She joined Zurich in 1991 as
an entry-level technical writer and served in numerous positions,
including chief administrative officer for North America
Commercial, as well as roles in product underwriting and corporate
marketing.
Savio earned a master's degree in communication
and a bachelor's degree in speech communication from Illinois State
University. She is also a Harvard Business School Advanced
Management Program graduate and has participated in executive
management programs at Northwestern University's Kellogg School of
Management. Savio was named the 2021 Association of Professional
Insurance Women (APIW) Woman of the Year. Risk & Insurance
named her a 2018 Insurance Executive to Watch, and in 2015, she was
recognized as a Business Insurance Woman to Watch. She was the
inaugural chair of the Insurance Industry Charitable Foundation
(IICF) Midwest Division board and was named IICF 2020 Trailblazer
of the Year. Savio has served as a director of APIW since August
2022 and a director of Farmers Group, Inc. since January 2024.
About Brown & Brown,
Inc.
Brown & Brown, Inc. (NYSE: BRO) is a leading
insurance brokerage firm, delivering risk management solutions to
individuals and businesses since 1939. With approximately 16,000
teammates and 500+ locations worldwide, we are committed to
providing innovative strategies to help protect what our customers
value most. For more information or to find an office near you,
please visit bbinsurance.com.
This press release may contain certain
statements relating to future results, which are forward-looking
statements. These statements are not historical facts but instead
represent only the Company’s current belief regarding future
events, many of which, by their nature, are inherently uncertain
and outside of the Company’s control. Further information
concerning the Company and its business, including factors that
potentially could materially affect the Company’s financial results
and condition, as well as its other achievements, are contained in
the Company’s filings with the Securities and Exchange Commission.
Some factors include: fluctuations in our stock’s market price;
fluctuations in operating results and cash flows; general economic
conditions around the country; downward commercial property and
casualty premium pressures; the effects of legislative and
regulatory changes pertaining to the insurance industry, including
those relating to coastal property coverages; the competitive
environment; and the integration of the Company’s operations with
those of businesses or assets the Company has acquired or may
acquire in the future and the failure to realize the expected
benefits of such integration. All forward-looking statements made
herein are made only as of the date of this release, and the
Company does not undertake any obligation to publicly update or
correct any forward-looking statements to reflect events or
circumstances that subsequently occur or of which the Company
hereafter becomes aware.
For more information:
R. Andrew Watts Chief Financial Officer (386)
239-5770
Brown and Brown (NYSE:BRO)
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