WAYZATA, Minn., March 09, 2022 (GLOBE NEWSWIRE) — Trean Insurance coverage Group, Inc. (Nasdaq: TIG) (“Trean” or the “Firm”), a number one supplier of services and products to the specialty insurance coverage market, introduced as we speak that its Board of Administrators has appointed present CEO Andrew O’Brien as Govt Chairman of the Board and appointed present President and Chief Working Officer Julie Baron as CEO, each efficient July 1, 2022. Ms. Baron may even be part of the Board of Administrators of Trean efficient July 1, 2022.
“I’ve served as Trean’s CEO since its formation in 1996,” stated Mr. O’Brien. “Throughout that point, we’ve got grown from an underfunded start-up into the market chief we’re as we speak. There are numerous individuals who have contributed to our success, and I’m grateful for all of them. Immediately we’ve got a powerful and deep bench geared up with the tradition, instruments and practices that may be the muse for many years of future success. As for me, I’ve reached the age when it’s time for another person to tackle the CEO position. We’re blessed to have Julie Baron on board who, efficient July 1, 2022, will develop into Trean’s new CEO. I’ll stay on Trean’s board as its Govt Chairman and can proceed to remain carefully concerned with the crew’s efforts in evaluating and strengthening our packages. Julie is an distinctive chief with a deep information of the insurance coverage enterprise, the ‘secret sauce’ that drives our firm and the help of an distinctive administration crew. I’m assured she and Trean will proceed to succeed, and I stay up for working with them in my new position.”
“I’m honored to take the baton from Andy and lead the superb Trean crew into the long run,” stated Ms. Baron. “I admire and am excited for this chance and wish to thank the Board, our supportive crew, and particularly Andy for entrusting me to steer the following part of this nice firm that he has efficiently constructed. I stay up for persevering with our present development technique and additional enhancing it by the addition of recent, worthwhile specialty program companions to our first-class roster.”
About Julie Baron
Ms. Baron has 30 years of numerous expertise and has been with Trean since 2007, at the moment serving as President and Chief Working Officer. Earlier to her present position, Julie held the position of Chief Monetary Officer, in addition to Treasurer and Secretary. Previous to turning into CFO of Trean, Ms. Baron served because the Controller for Benchmark Insurance coverage Firm, Trean’s largest wholly-owned subsidiary. She additionally beforehand served as a controller for a mortgage dealer and title firm within the Twin Cities in addition to an auditor at a Minneapolis-based CPA agency. Ms. Baron holds a B.S. in Accounting from Arizona State College and is a Licensed Public Accountant (inactive).
About Trean Insurance coverage Group, Inc.
Trean Insurance coverage Group, Inc. (NASDAQ: TIG) offers services and products to the specialty insurance coverage market. Trean underwrites specialty casualty insurance coverage merchandise each by its program companions and its personal managing common businesses. Trean additionally offers its program companions with quite a lot of providers together with issuing provider providers, claims administration and reinsurance brokerage. Trean is licensed to put in writing enterprise throughout 49 states and the District of Columbia. For extra info, please go to www.trean.com.
Ahead-Wanting Statements
This press launch accommodates forward-looking statements as that time period is outlined within the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements embrace statements that aren’t historic or present details. These statements might focus on the Firm’s internet earnings, money circulation, monetary situation, impairments, expenditures, development, methods, plans, achievements, capital construction, organizational construction, market alternatives and common market and business circumstances. Such forward-looking statements might be recognized by phrases corresponding to “anticipate,” “estimate,” “count on,” “intend,” “plan,” “predict,” “challenge,” “imagine,” “search,” “outlook,” “future,” “will,” “would,” “ought to,” “may,” “might,” “can have,” “possible” and related phrases. Ahead-looking statements are primarily based on administration’s present expectations and assumptions about future occasions. These statements are solely predictions and should not ensures of future efficiency. Ahead-looking statements contain dangers and uncertainties that would trigger precise outcomes to vary materially from these within the forward-looking statements if the underlying assumptions show to be incorrect or because of dangers, uncertainties, and different elements, together with the influence of the COVID-19 pandemic on the enterprise and operations of the Firm, our program companions and different enterprise relations. Different elements that will trigger such variations embrace the dangers described within the Firm’s filings with the U.S. Securities and Trade Fee, together with the Firm’s Annual Report on Kind 10-Ok for the 12 months ended December 31, 2020. These forward-looking statements communicate solely as of the date on which they’re made. Besides as required by relevant securities legal guidelines, the Firm disclaims any obligation to replace or revise any forward-looking assertion, whether or not because of new info, future developments, adjustments in assumptions or in any other case. Traders are cautioned to not place undue reliance on the forward-looking statements contained on this press launch or in different filings and public statements of the Firm.
Contacts
Investor Relations
investor.relations@trean.com
(952) 974-2260
Supply: Trean Insurance coverage Group, Inc.
