Coverys, a leader in medical professional liability (MPL) insurance and healthcare risk management, has announced the appointment of Naveed Anwar as its new Chief Financial Officer (CFO). Anwar will report directly to the company’s President and CEO, Joseph G. Murphy, and will focus on enhancing financial strategies, managing capital efficiently, and supporting the company’s long-term success.
Anwar brings over 25 years of financial expertise to Coverys, with a decade of experience as a CFO in the MPL sector. During his career, he has worked on improving financial performance, increasing capital efficiency, and refining financial processes. His deep knowledge of strategic finance, mergers and acquisitions, and corporate leadership will be instrumental in steering Coverys’ financial functions and offering valuable insights for the company’s expansion.
Before joining Coverys, Anwar was the CFO at MagMutual Insurance, where he played a crucial role in financial growth and creating value. He also served as CFO for the North American region of Catlin, a part of XL Catlin, and held senior finance roles at AIG, American Express, and PwC across various international markets.
Anwar is a member of the Institute of Chartered Accountants in England and Wales and holds a degree in finance and accounting from Kingston University in the UK.
Joseph G. Murphy, President and CEO of Coverys, commented, “Naveed is a dynamic and accomplished financial strategist with an exceptional record in driving double-digit growth. His experience in expanding businesses internationally and his leadership in strategic initiatives make him the perfect fit to support Coverys’ global growth and diversification.”
Anwar expressed his enthusiasm, stating, “Coverys has remained a steadfast leader in the medical professional liability industry for 50 years. The organization’s approach to portfolio diversification, growth, and profitability fortifies its long-term financial strength and stability. I am honored to have the opportunity to contribute to its mission and help drive its next phase of growth.”
With Anwar’s appointment, Coverys continues its commitment to operational excellence and innovation within the evolving healthcare industry.
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