A veteran Chubb and AIG executive is joining the PURE Group of Insurance Companies as its chief growth officer.
Jerry Hourihan will also be given the title of senior vice president. In his new role, he’ll be responsible for strategies designed to accelerate the growth of PURE’s membership, specifically by strengthening relationships with PURE’s independent broker channel and improving sales and marketing effectiveness throughout the organization.
PURE is a policy-owner owned property/casualty insurer focused on high-net-worth individuals and their families.
Mark Galante, PURE’s president of field operations, noting Hourihan’s “tremendous reputation, especially among the high-net-worth brokerage community,” said that “he will be a wonderful addition to our culture and have a great impact on our profitable growth.”
Hourihan has more than 30 years of experience in high-net-worth insurance. Most recently, he was at AIG, where he served as president of the Private Client Group for the U.S. and Canada going back to 2014. Before AIG, Hourihan worked at Chubb, where he began his career and went on to hold a number of management positions in the U.S. and Europe.
Hourihan’s arrival at the White Plains, N.Y.-based insurer comes a little over a month after Tokio Marine Holdings Inc. announced plans to buy PURE Group for about $3.1 billion. The deal, to be financed with cash on hand and outside funding, should close during the 2020 first quarter, and Tokio Marine plans to keep PURE Group’s current management in place.
Source: PURE Group