Earlier this week, global insurance and reinsurance broker TigerRisk announced that Co-Founder Rod Fox is transitioning out of his role as chief executive officer to become executive chair. Yesterday, Pinnacol Assurance, Colorado’s largest workers’ compensation insurer, announced that its President and CEO will retire from that position as of Mar. 31, 2022.
At TigerRisk, Rob Bredahl, who was formerly the brokerage firm’s president, will take the CEO reins from Fox, who co-founder the company in 2008 with former CEO and founder of RenaissanceRe Jim Standard. The moves for Bredahl and Fox took effect immediately.
In conjunction with those moves, Tim Ronda, who will join TigerRisk from Aon starting Oct. 14, will be named President upon joining.
Bredahl joined TigerRisk in 2019 from what was then Third Point Re (now SiriusPoint) with the strategic goal of succeeding Fox as CEO.
Bredahl and Fox have known each other for more than 40 years, and first met at Middlebury College before working together at E.W. Blanch, Benfield and then TigerRisk, the company revealed in a media statement.
Commenting on Fox’s move up to the role of executive chairman, Bredahl said that the plan is for Fox to “still stay in the business and be very hands-on, but the change will allow him to focus more on what he is great at—advising clients and prospects and doing deals.”
Fox reiterated that he will still be working full-time in the business to make sure clients are getting what they need. “I am proud of what we have achieved, but it is now time for a new breed of leaders,” he said.
At Pinnacol Assurance, Kalin will retire after more than eight years with the company.
“Phil joined Pinnacol at a pivotal time,” said Pinnacol Board Chair Joe Hoff. “After a period of reputational crisis and lackluster performance, his steady and transparent leadership provided the stability we needed. Beyond that, his strategic and inspirational vision has energized the company.
A successor has not yet been named. Pinnacol’s board of directors has launched a national search for Kalin’s replacement.
The company reported that under Kalin’s guidance, Pinnacol was able to achieve high satisfaction scores from policyholders and injured workers, top workplace awards (recognized in Carrier Management’s series, “Talent Magnets: Carriers That Employees Love to Work For”), and also launched Cake, a mobile-first platform for small businesses to purchase workers comp policies, among other achievements.
“My time at Pinnacol has been the most rewarding of my career,” Kalin said in a media statement. “It’s been an honor to lead a company of professionals who live their mission of delivering caring protection every single day. Together, we made a good company great, and I’m proud of what we have accomplished.”