Hagerty selects president of insurance coverage

Hagerty has appointed Jeff Briglia (pictured) as president of insurance coverage with oversight throughout all sides of the agency’s insurance coverage operations.

“I’m excited to affix Hagerty’s high-performing management workforce as the corporate delivers robust charges of top- and bottom-line development,” mentioned Briglia, whose appointment takes impact on July 1. “Hagerty has constructed the very best model within the insurance coverage world by delivering high quality services to tens of millions of automotive fans.

“I sit up for serving to the corporate additional enhance the direct-to-consumer enterprise whereas laying the groundwork for future alternatives that can energy Hagerty’s development over the subsequent decade.”

Spanning 22 years of expertise within the insurance coverage sector, Briglia’s credentials embody time spent as president and chief government of Plymouth Rock Assurance’s Direct and Companion Group, chief working officer and chief insurance coverage officer at Metromile Insurance coverage, in addition to important stints at Progressive, Allstate, and Mercury Insurance coverage.

“I’m happy to welcome Jeff to the Hagerty workforce as we proceed to place the corporate for sustained revenue development,” Hagerty chief government and chairman McKeel Hagerty commented.

“Jeff has a confirmed observe file of strategic change administration throughout quite a lot of enterprise areas, together with product, claims, distribution, advertising and marketing, gross sales, and customer support. His expertise and management will assist us establish alternatives so as to add worth for members.”

The appointment comes on the heels of Hagerty bouncing again within the first quarter, from a internet lack of greater than $15 million in Q1 2023 to just about $8.2 million in internet earnings this yr.

In Could, the agency’s CEO mentioned: “We’re off to an incredible begin in 2024 because the initiatives undertaken in 2023 powered robust top-line momentum and important margin growth. Complete income positive factors of 24% had been fueled by written premium development of 19% as our model energy and efficiency advertising and marketing efforts drove excessive charges of compounding development in new members.

“Importantly, we’re buying new clients and serving current ones extra effectively than ever, leading to working margin growth of 1,210 foundation factors.”

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