San Diego-based ICW Group has appointed John Novak as its newest chief operating and strategic execution officer, effective immediately.
Novak succeeds David Hoppen, who has accepted the position of president of VerTerra Insurance, a member company of ICW Group. Hoppen will move to Florida and assume his new responsibilities early next year.
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“Since joining ICW Group in 2005, David has made a tremendous impact on our company,” said ICW Group president and CEO Kevin Prior. “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.”
As chief operating and strategic execution officer, Novak will report directly to Prior as he drives the insurance group’s strategic business plans and leads operations. He will be based at the ICW Group Corporate Headquarters in San Diego.
Novak brings with him over 24 years of leadership experience in the insurance and reinsurance industry. He was most recently a managing director with global reinsurance broker
Guy Carpenter. Novak also possesses 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,” commented Prior.
“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 received his bachelor’s degree in English from the University of California, Berkeley.
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