Topa Insurance announces Michael Day as permanent President and CEO
Topa Insurance Group, a leading boutique property-casualty insurer, announced today that Michael Day has been named President and CEO on a permanent basis. Day has been leading Topa Insurance Group on an interim basis since the close of 2019.
Day brings over 35 years of diverse financial and business experience, including 13 years of industry experience. Since 2016, Day has been a member of the Topa Insurance Group Board of Directors, working closely with the executive team. As a member of the Board, Michael chaired the Audit Committee and was instrumental in the move to outsourcing the internal audit function to a full-service accounting firm and worked closely with the executive team to further develop the company’s enterprise risk management process.
“I have had the privilege of working with Michael over the past four years, and am very fortunate to have him permanently assume the role as President and CEO,” said Bill Anderson, Chairman of the Topa Insurance Group Board of Directors and parent company Topa Equities, Ltd. “Michael brings considerable insight and knowledge to this position. I look forward to continuing to work with him and watching the growth of Topa Insurance Group under his leadership.”
Over the past few months, Day has navigated the company through these unprecedented times, due to COVID-19, with grace and integrity. In less than a week, all of Topa Insurance Group’s offices were seamlessly operating remotely. He has worked with his executive team to exit lines of business that were unprofitable or inconsistent with the company’s strategy and to significantly reduce the company’s exposure from catastrophe events. Day has continued to build on the strong culture already in place, even while the workforce has been remote.
Day is dedicated to furthering the progress and growth that has been accomplished by the company and to continuing to evolve the company’s long-term strategy.
“We have demonstrated that our company is capable of meeting whatever challenges come our way,” said Michael Day. “I am excited to continue leading this exceptional executive team and our highly motivated and talented employees while we continue to successfully grow the company.”