Medical professional liability insurance provider Coverys has named retiring chief executive and president Gregg Hanson’s replacement.
Succeeding Hanson on April 01 is chief operating officer Joseph Murphy, who came onboard in 2015 as COO and has since played a pivotal role in executing the Boston-headquartered company’s long-term strategic plan.
At Coverys, the former Commissioner of Insurance for the Commonwealth of Massachusetts has overseen underwriting, business development and distribution, business analytics and risk management, claims, and Coverys Insurance Services.
“Joe came to Coverys with a wealth of knowledge and experience,” noted chair Dr Brenda Richardson. “He has proven to be a great asset as COO, so this was a natural transition and a longstanding part of Coverys’ succession planning process.
“The board is confident of our continued success with Joe leading Coverys into the next chapter.”
Meanwhile Richardson thanked Hanson, who served as CEO and president for nearly a decade after joining Coverys as chief underwriting officer in 2000.
The chair commented: “It has been a pleasure, both personally and professionally, to have worked beside Gregg over the course of my time with Coverys. The board and I recognize that, under Gregg’s leadership, Coverys has grown into the successful international medical professional liability company that it is today.
“We wish Gregg and his wife, Deb, much happiness in this next phase of their lives.”