“I’m enthusiastic about this new alternative and sit up for working with this proficient staff as we drive towards underwriting excellence,” stated Hengesbaugh. “In my time with the board, I’ve watched GuideOne evolve and diversify to fulfill the altering calls for of the market.”
Andy Noga, who has been serving as appearing GuideOne CEO because the departure of former boss Jessica Snyder earlier this yr, will return to his former function of basic 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 employees on the enterprise.
Ex-GuideOne SVP Mark Groenheide, who led the enterprise’s specialty observe, has alleged that appearing CEO Noga – then basic counsel – referred to 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 grievance about Noga’s conduct. That is an allegation that the service has strenuously denied.
The previous SVP is pursing a declare by way of the Equal Employment Alternative Fee, he beforehand informed Insurance coverage Enterprise.
GuideOne has stated 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 stated it can 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”.