Topa Insurance confirms permanent president and CEO

Specialty insurer Topa Insurance Group has appointed Michael Day as permanent president and chief executive officer (CEO).

Day has been leading the group on an interim basis since the close of 2019. The company said that Day has navigated the company through the unprecedented times caused by the global COVID-19 pandemic. He is said to have worked with Topa's 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 been a member of the Topa Insurance Group board of directors since 2016. He chaired the audit committee and helped develop the company’s enterprise risk management process.

Bill Anderson, chairman of Topa board of directors and parent company Topa Equities, said: “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. 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.”

Day commented: “We have demonstrated that our company is capable of meeting whatever challenges come our way. 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.”