Insurance provider firm Assurant has appointed former Bain & Company veteran Alan Colberg as President and incoming CEO. Colberg joined Assurant in 2011 as Executive Vice President, following a 23 year career at the global strategy consultancy.
Assurant is a service provider firm of insurance products and related services, including health insurance, mortgage insurance, solar project insurance and mobile device insurance. The firm that provides services in among others North America, Latin America, and Europe is headquartered in New York, the US, and has a headcount of around 17,500 employees worldwide.
Assurant promoted Alan Colberg as its new President in September and incoming CEO, effective January 1, 2015. Colberg will succeed Robert Pollock. “With extensive experience driving innovation and building value, Alan is uniquely qualified to lead Assurant. As a champion for consumers, Alan has a keen grasp of macro trends and a vision for the future that has been instrumental in identifying new opportunities for profitable growth,” says Elaine D. Rosen, Chair of the Board of Assurant.
Colberg brings 25 years of experience in driving growth and innovation in the Financial Services sector when assuming his role of CEO. He joined Assurant in 2011 when he was appointed as Executive Vice President of Marketing and Business Development, a role he fulfilled for over 3 years. Before joining Assurant, Colberg worked at global strategy consulting firm Bain & Company for over 23 years. At Bain & Company Colberg served in multiple positions including as Managing Director of the Atlanta office and Southern region from 2000 to 2011, and Global Lead of the Financial Services practice from 2005 to 2011. During his spell at Bain & Company, he advised several leading global companies including his present employer Assurant.
Colberg joined Bain & Company as a graduate of Harvard University Graduate School of Business Administration in 1987, where he earned an MBA. He also has a Bachelor of Science degree in Finance and Accounting from the University of Pennsylvania - The Wharton School.
“I’m excited to lead the great team at Assurant,” comments Colberg on his promotion. “We will build upon our strong history of creating value for customers and shareholders alike to drive continued profitable growth. With dynamic changes taking place throughout our industry and evolving consumer preferences, there are many exciting opportunities ahead. I look forward to working with our board, management team and dedicated employees to realize our goals.”