John Novak Named President of ICW Group Insurance Companies
Novak to Lead Company’s Mid-Market, Multi-Line Growth Initiatives
SAN DIEGO (June 28, 2023) – ICW Group Insurance Companies, a leading group of property and casualty carriers, has promoted John Novak to President, charged with leading the company’s multi-line growth strategy, expanding its value-added service offerings and driving the company’s digital transformation.
Along with serving as President, Novak, an industry veteran with more than 30 years of experience in the insurance industry, will continue his role as Chief Operating Officer, championing the organization’s more than 1,000 team members at multiple offices across the nation that serve policyholders and agents for its workers’ compensation, assumed reinsurance, catastrophe, surety and newly launched commercial package lines of business.
“Since joining ICW Group nearly six years ago, John has played a pivotal role in taking our business to the next level,” said Kevin Prior, the company’s Chief Executive Officer. “He has guided the evolution of our business strategy, including our vision of becoming a top-tier, multi-line insurance carrier. He has also led and collaborated on solutions to some of our biggest legacy transformations, all while establishing new company capabilities to ultimately drive our digital objectives. John is primed to take us further, and I’m excited about ICW Group’s future and continued success.”
Novak joined ICW Group in 2017 as chief operating and strategic execution officer. Since he came on board, ICW Group has seen significant financial gains and the expansion of the company’s lines of business, including the development and rapid growth of its assumed reinsurance product and the recent launch of ICW Group’s newest Commercial Package business encompassing General Liability and Commercial Property.
“I am proud to have been a part of the tremendous growth and success ICW Group has experienced during my tenure,” said Novak. “We would not be where we are today without the incredible team we have built and our partnership with our agent/broker community. We’re now poised for further growth, and I look forward to creating even more capabilities and great experiences for our customers.”
About ICW Group
Based in San Diego, ICW Group Insurance Companies is the largest privately held insurance company domiciled in California. Quoting more than $3 billion annually, ICW Group represents a group of Workers’ Compensation, Assumed Reinsurance, Catastrophe, General Liability and Commercial Property insurance carriers, including Insurance Company of the West and Explorer Insurance Company. ICW Group is recognized nationally as an industry leader in helping policyholders achieve fewer and less costly claims while elevating the trusted agents who advise them. More information is available at Twitter, LinkedIn and Facebook.