TRAVERSE
CITY, Mich., May 31, 2024
/PRNewswire/ -- Hagerty (NYSE: HGTY) announced today that
Jeff Briglia has been named
Hagerty's new President of Insurance, effective July 1, 2024, to lead all aspects of the
company's insurance operations.
"I am pleased to welcome Jeff to the Hagerty team as we continue
to position the company for sustained profit growth," said
McKeel Hagerty, Chief Executive
Officer and Chairman of Hagerty. "Jeff has a proven track record of
strategic change management across a variety of business areas,
including product, claims, distribution, marketing, sales, and
customer service. His experience and leadership will help us
identify opportunities to add value for members."
With 22 years of experience in insurance, Briglia is a trusted
business leader and partner, cultivating high performing teams that
drive innovation and constant improvement. He brings a strategic
approach to leadership by leveraging data and analytics to optimize
performance.
Most recently, Briglia was the President and CEO of Plymouth
Rock Assurance's Direct and Partner Group. In this role, he
helped the company create the foundational processes to drive
transformational improvements in the company's growth and
profitability, particularly for their direct-to-consumer
business. He also led important strategic and operational
changes with key partners.
Before joining Plymouth Rock, Briglia was the Chief Operating
Officer and Chief Insurance Officer for Metromile Insurance. Key
accomplishments included delivering strong premium growth while
simultaneously improving the combined ratio of the company. He also
held executive leadership positions at market leaders including
Progressive and Allstate, and challenger brand Mercury
Insurance.
"I'm excited to join Hagerty's high-performing leadership team
as the company delivers strong rates of top and bottom-line
growth," said Briglia. "Hagerty has built the best brand in the
insurance world by delivering quality products and services to
millions of automotive enthusiasts. I look forward to helping the
company further improve the direct-to-consumer business while
laying the groundwork for future opportunities that will power
Hagerty's growth over the next decade."
About Hagerty (NYSE: HGTY)
Hagerty is an automotive enthusiast brand committed to saving
driving and to fueling car culture for future generations. The
company is a leading provider of specialty vehicle insurance,
expert car valuation data and insights, live and digital car
auction services, immersive events and automotive entertainment
custom made for the 67 million Americans who self-describe as car
enthusiasts. Hagerty also operates in Canada and the U.K. and is home to Hagerty
Drivers Club, a community of over 800,000 who can't get enough of
cars. For more information, please visit www.hagerty.com or connect
with us on Facebook, Instagram, Twitter and LinkedIn. For more
information, visit newsroom.hagerty.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements reflect our current intentions, expectations, or
beliefs regarding the business. Because forward-looking statements
relate to the future, they are subject to inherent risks and
uncertainties that are difficult to predict and may be outside of
our control. Some of the factors that may cause our actual results
to differ materially from those contemplated by our forward-looking
statements include: (i) our ability to recognize the anticipated
benefits of the subject of this press release; (ii) our ability to
compete effectively within our industry and attract and retain
members; and (iii) the other risks and uncertainties listed in our
Form 10-K filed with the U.S. Securities and Exchange Commission
("SEC") on March 12, 2024. This press
release should be read in conjunction with the information included
in our other press releases, reports, and other filings with the
SEC. Understanding the information contained in those filings is
important in order to fully understand our reported financial
results and our business outlook for future periods. We do not
undertake any obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments, or otherwise, except as required by
law.
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SOURCE Hagerty