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“I’m enthusiastic about this new alternative and sit up for working with this gifted group as we drive towards underwriting excellence,” mentioned Hengesbaugh. “In my time with the board, I’ve watched GuideOne evolve and diversify to satisfy the altering calls for of the market.”
Andy Noga, who has been serving as performing GuideOne CEO because the departure of former boss Jessica Snyder earlier this yr, will return to his former function of normal counsel when Hengesbaugh joins the enterprise.
The CEO announcement comes as Noga has confronted allegations of discrimination and bullying from a former senior member of workers on the enterprise.
Ex-GuideOne SVP Mark Groenheide, who led the enterprise’s specialty follow, has alleged that performing CEO Noga – then normal counsel – known as him a “f*ggot” at a public dinner occasion final November.
Learn extra: Insurer and ex-SVP at loggerheads over sexual discrimination allegations
Groenheide, who has launched into a public social media marketing campaign to lift consciousness of his alleged state of affairs, has claimed he was pushed out from the insurer after making a criticism about Noga’s conduct. That is an allegation that the provider has strenuously denied.
The previous SVP is pursing a declare via the Equal Employment Alternative Fee, he beforehand instructed Insurance coverage Enterprise.
GuideOne has mentioned that Groenheide was as a substitute dismissed for exceeding his letter of Authority, failing to safe reinsurance on sure accounts, and submitting improper bills.
The insurer has mentioned it would reply to Groenheide’s allegations “within the correct discussion board” and has claimed that Groenheide’s bias and discrimination claims have already been investigated by a third-party who discovered they have been “unfounded”.
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