Category Archives: Insurance

Michael Burwell Takes On CFO Role at Willis Towers Watson

Recently the global insurance, human capital and risk management advisory firm Willis Towers Watson announced it was hiring Michael Burwell to fill the shoes of retiring Roger Millay as Chief Financial Officer (CFO). The Chief Executive Officer (CEO) of Willis Towers Watson was enthusiastic about how Burwell would help the company achieve its potential for growth and leadership in the field of 21st advisory and brokerage services to business.

 

This step comes as one more achievement in Burwell’s long history as a distinguished businessman in the accounting and consultant field. Burwell started out after receiving his Bachelor of Arts degree in Business Administration at Michigan State University. Price Waterhouse Coopers, one of the main accounting firms in the United States, hired him and set him to work learning his trade in the assurance department auditing many of their clients. Burwell stayed with PwC for 31-year dedicated years, rising to a high level of responsibility and performance, making Partner in 1997 and in February 2006. One of his many achievements at PwC was becoming Head of the PricewaterhouseCoopers Global Automotive Shareholder Value Awards team. They evaluate companies in the automotive space for inclusion in the PricewaterhouseCoopers Global Automotive Shareholder Value Index. That includes manufacturers of automobiles and other vehicles, suppliers of parts from around the world and retailers within the United States. For the past six years, he has served as Chairman of the Automotive Suppliers M&A Institute Conference. He frequently speaks and writes about merger and acquisition activity in the automotive industry. Click Here for additional information.

 

Michael Burwell has extensive experience from his term with PwC working with transactions services practice. He started out for PwC in the Detroit area, then rose to Midwest Leader of Transaction Services and Automotive Industry Leader. Eventually PwC promoted him to US Transaction Services Leader. Beginning with his time as auditor, Burwell has had the opportunity to share his expertise to the benefit of PwC’s clients, and also to observe how other businesses work. He has an extensive background in financial processes and systems from this. Burwell has led many projects both small, private companies and large multinational corporations. He has had the opportunity to observe many business models and their successes and problems. He has examined the business projections of private equity firms. He’s led teams that analyzed the profitability of many products. And Michael Burwell has managed the examination and analysis of business processes and products in many different industries.

Burwell’s Recent Appointment As Willis Tower Watson’s CFO

Michael Burwell is now the global advisory Chief Financial Officer for Willis Tower Watson. The announcement was made on August 2017. He replaced Roger Millay who was to retire two months later. The company was particularly happy to have Burwell accept that position with his more than 31 combined years of experience in different fields.

 

Having worked at PWC in different capacities like being the Head of Global Transformation; the Chief Financial Officer in-charge of the United States as well as the Head of Transaction services for the United States. With more than 11 years’ experience in auditing, Mike was no doubt the most qualified guy for the position. He is also well armed with not less than 12 years when matters related to pre-merger valuation and due diligence are concerned.

 

Congratulating Michael in his appointment, the company’s Chief Executive Officer, John Haley said that Willis Tower Watson was lucky to have Michael Burwell working for them saying that they looked forward to reaping strong growth results because of his sound guidance. He was particular in saying that with such leadership, the company would have a much easier time when undergoing evolution.

 

Mike is well known to perfectly understand all matters related to leading and being in a position to drive results and especially if the company has a global presence like Willis Tower Watson are concerned. The company top management expressed satisfaction and confidence that with his expertise in finance, transformation and transactions, they will be better placed to offer their clients even better-quality services. See This Page for more information

 

Accepting the appointment, Michael Burwell said that he was happy and confident that with the amount of confidence the management has in him, they will without a doubt make remarkable progress. He also expressed happiness that all the other management and staff members were positive and open to the company achieving even more.

 

Burwell is a graduate of the Michigan State University with a Bachelor of Arts in Business Administration. He is also a Certified Public Accountant who is stickler for discipline and professionalism. Willis Tower Watson commands a global presence in not less than 140 countries and with employees to the tune of 40,000. The company is in the business of turning risk into a growth path with a strong emphasis on delivering solutions that enable individuals and institutions cultivate and expand the power of capital. With Mike on the helm however, all the company wants to achieve will be doable.

 

See: https://www.reinsurancene.ws/willis-towers-watson-hires-cfo-replacement-burwell-pwc/

Troy McQuagge Turns USHEALTH Group Into a Success Story

In January of 2017, Troy McQuagge was named the winner of the CEO of the Year Award from One Planet Awards. One Planet Awards is a program that honors business and professional excellence in various industries around the world. McQuagge has been with USHEALTH since 2010, serving as their leader for the last three years, and has turned the company around from its flagging earlier days.

 

 

McQuagge started by re-building USHEALTH’s captive agency. It was this effort that led to him being named President and CEO of the company in 2014. The company has prospered since he took over control. Upon receiving the award, McQuagge stated that the award belongs to everyone at the company.

 

 

Troy was born and grew up in Panama City, Florida. He earned his Bachelor’s Degree from the University of Central Florida. After graduating he joined Allstate Insurance Company. He was there for twelve years. In 1995, he joined United Insurance Company. In 1997, he became President of the company’s agency. There were sales records set for several years. In 2006, the company was bought out by private investors.

 

 

The new owners kept him on to help build out their newly named company, Health Markets Group. He became the President of the Company one year later. While there, the company exceeded $1 billion in annual premium sales volume. He was President of the firm until 2010, when he left to join USHEALTH Group. In 2014. He became President and CEO of USHEALTH Group. The company’s sales have exploded since he took over. His business success continues to help the company as it is now ten times larger than seven years ago when Troy joined the firm. McQuagge has over 30 years’ experience in the health insurance industry.

 

 

When Troy joined USHEALTH, he got people there involved in the charitable organization, Helping Other People Everyday (HOPE). Their first HOPE project was when they partnered with The Phoenix of New Orleans in the aftermath of Hurricane Katrina. They helped rebuild homes in the city. The company has been involved in many other projects since then. They get involved when communities around the country are in need.

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David Giertz: a Role Model in the Finance Industry

David Giertz is a prominent figure with an experience of over 30 years as a financial advisor. He has been working with the renowned Nationwide Investment Services Corporation as from 1999. He became the president of the Nationwide Financial Distribution and Sales in 2013 on angel.co. David grew the organization’s profitable revenue from $11Billion to $17.8Billion. He used banks, regional firms, and IMO to lead the wholesale strategy and distribution of life insurance, private-sector retirement plans, and annuities.

Before joining Nationwide, David Giertz worked at Citigroup where he served as a financial service advisor. He was promoted to the area director position. After a while, David became the Executive VP of Sales where he proved his tenure successfully.

David Giertz is a certified business coach with World Association of Business Coaches (WABC) where he got a prestigious Gallup associate engagement score on Twitter. David’s act of certifying over 100 leaders to become business coaches led to the encouragement of the culture of coaching.

The Accomplishments of David Giertz

David Giertz has a sound educational background. He went to study at the University of Miami where he acquired his MBA. David also attended Millikin University for his degree. David has also participated in community organizations, for instance, he was a former chairperson of a board of trustees at Millikin University as well as the chairperson of budget and finance committee. David was an associate of the board of directors for Fort Lauderdale Chamber of Commerce and Scouts of Broward County.

A Closer Focus on David Giertz

In an interview with Ideamensch, David Giertz responded to how he made new ideas to be effective. He mentioned that he involved people in conversations and allowed them to give their views on a proposed idea at https://about.me/davidgiertz. This gave them confidence and helped him to bring ideas to life. David cited that he was excited about the technological change. He urged organizations to adopt technologies to gain efficiencies in their business operations. David also said that he believed in the trend of integrating technology with human talent. The combination of the two enhances competition.