Everen has announced that its chief operating officer, George Hutchings, will retire at the end of 2023, and will be replaced by chief actuary, Robert Foskey, effective 1 April 2023.
Hutchings will remain at Everen for the remainder of 2023 as special advisor.
Everen Limited is a mutual insurer, domiciled in Bermuda, which was rebranded from OIL in June 2022.
It provides capacity to some of the largest energy companies in the world, with members including TOTAL Energies, Phillips 66, Chevron and Valero.
In 2022 it had 64 members and insures more than $3 trillion worth of assets worldwide.
“It has been an honor to serve as COO of Everen during this period of transformation and growth, and I want to offer my sincere thanks to our employees whose hard work and dedication have allowed us to achieve so much,” Hutchings said
“I also want to thank our shareholders, my colleagues in our leadership team and the Board of Directors for their ongoing support.”
John Weisner, chairman of Everen, said: “On behalf of the board of directors, the management team, and all of Everen’s employees, I want to thank George for the tremendous impact he has had on the organization over the past 18 years.”