San Diego, CA – ICW Group Insurance Companies, a group of property and casualty carriers, recently announced the appointment of John Novak as chief operating and strategic execution officer, effective immediately. Novak will succeed David Hoppen, who accepted the position of president of VerTerra Insurance Company (a member company of ICW Group). Hoppen will relocate to Florida and assume this position beginning Jan. 1, 2018.
“Since joining ICW Group in 2005, David has made a tremendous impact on our company,” said Kevin Prior, ICW Group president and CEO. “His commitment to strategic and operational excellence has played an integral role in growing ICW Group into the billion dollar company we are today. As president of VerTerra, I look forward to his ongoing contribution to our success.”
Novak joins ICW Group with more than 24 years of leadership experience in the insurance and reinsurance industry. Prior to joining ICW Group, he served as managing director of Guy Carpenter, a leading global reinsurance broker. Novak also has expertise in enterprise risk management, compliance, financial reporting and capital markets.
“Throughout ICW Group’s long-standing partnership with Guy Carpenter, I’ve come to know and respect John very much. He’s a seasoned leader whose insight and business acumen has consistently delivered strong results. John will be joining an accomplished team of senior ICW Group leaders and I’m confident his vision for growth will be a tremendous asset to our company,” said Prior.
As chief operating and strategic execution officer, Novak will report directly to Prior in leading ICW Group’s operations and driving the company’s strategic business plans.
“I’m extremely honored to join such a vibrant and successful company,” said Novak. “ICW Group’s reputation for providing best-in-class products and services and for developing mutually successful agent /broker partnerships is second to none. I look forward to working closely with our dynamic leadership team in making ICW Group even stronger operationally and driving further growth across the organization.”
Novak earned a bachelor’s degree in English from the University of California, Berkeley. He will be based at the ICW Group Corporate Headquarters in San Diego.
Source: ICW Group