Insurance and Brokerage Firms Announced Leadership Changes
Penn Mutual, Protective Life, and HUB International confirmed executive moves ahead of upcoming transitions.
Updated on Sept. 24, 2026 in People
Live Poll
Does frequent leadership turnover at large insurance companies make you trust your coverage less?
Penn Mutual, Protective Life, and HUB International have announced a series of leadership changes across their organizations. These appointments coincide with strategic shifts and executive transitions planned for late 2026 and early 2027.
Why it matters
The appointments are designed to support long-term operational goals, including a significant CEO transition at Protective Life. These moves also position HUB International to scale its internal sales models across its operations in the United States and Canada.
The leadership changes involve executives with extensive experience, including 20 years for Bill Bell, 18 years for Casey Hardeman, 17 years for Billy Hobson, and 24 years for Tim Geddes. These figures represent the tenure and professional backgrounds of the newly appointed leadership team.
The players
Bill Bell
He was promoted to the position of chief product officer at Penn Mutual.
Paul Wells
He is slated to become the chief executive officer of Protective Life on January 1, 2027.
Casey Hardeman
She has been named chief financial officer at Protective Life.
Dom Lebel
He has been appointed as the chief risk and actuarial officer at Protective Life.
Andrew Forchelli
He was appointed as an executive vice president at HUB International.
The details
Protective Life has consolidated its risk and financial actuarial functions under new leadership to prepare for the January 2027 CEO transition. HUB International is focusing on expanding a cross-sell model developed at its Coastal division throughout its broader network in the United States and Canada.
Timeline
September 23, 2026: The companies announced the various leadership changes.
October 1, 2026: Appointments at Protective Life officially become effective.
January 1, 2027: Paul Wells assumes the role of CEO at Protective Life and HUB International appointments take effect.
Market Landscape
These executive reshuffles reflect a broader industry trend of aligning leadership structures with upcoming long-term organizational transitions. By consolidating risk and financial oversight, these firms are positioning themselves to maintain competitive stability during periods of leadership change.
These internal leadership changes do not immediately impact consumer pricing or standard service availability for existing insurance policyholders. Customers should expect business operations to continue as planned while the firms finalize their internal transitions.
The takeaway
These executive appointments highlight the importance of internal succession planning in the insurance and brokerage sectors. Firms often utilize leadership reorganization to streamline operations ahead of major milestones such as CEO handovers.
Further reading
For more information on executive moves, visit People.
Source note: This article includes information reported by Insurance Business.
Live Poll
Does frequent leadership turnover at large insurance companies make you trust your coverage less?
