Coverys Announces Retirement of CEO and President Gregg Hanson, COO Joseph Murphy to Takes Helm Effective April 1, 2021
February 5, 2021by
Coverys announced that its president and chief executive officer Gregg L. Hanson will retire, effective March 31, 2021. As part of this planned transition, the company’s board of directors named current chief operating officer Joseph G. Murphy will succeed Hanson as CEO and President, effective April 1, 2021.
After 25 years in the industry, Hanson began his career with Coverys in 2000 as chief underwriting officer. He was promoted to president and CEO in 2012.
“It has been a pleasure, both personally and professionally, to have worked beside Gregg over the course of my time with Coverys,” said Brenda E. Richardson, MD, board chair. “The board and I recognize that, under Gregg's leadership, Coverys has grown into the successful international medical professional liability company that it is today. We wish Gregg and his wife, Deb, much happiness in this next phase of their lives.”
Murphy joined Coverys as chief operating officer in 2015 and has played a pivotal role in the execution of Coverys’ long-term strategic plan. He has overseen underwriting, business development and distribution, business analytics and risk management, claims, and Coverys Insurance Services.
“Joe came to Coverys with a wealth of knowledge and experience. He has proven to be a great asset as COO, so this was a natural transition and a longstanding part of Coverys’ succession planning process. The Board is confident of our continued success with Joe leading Coverys into the next chapter,” Richardson said.