Employers Holdings, Inc., a provider of workers’ compensation insurance, has announced the appointment of Michael Pedraja as Executive Vice President and Chief Financial Officer (Designate), effective February 3, 2025.
He will assume the role of Executive Vice President and Chief Financial Officer effective on or about March 31, 2025.
Pedraja, who has over three decades of experience as a corporate financial services leader in various insurance-related roles, will succeed outgoing Executive Vice President, Chief Financial Officer, Michael Paquette, who is to retire in March 2025.
Katherine Antonello, President and Chief Executive Officer of Employers Holdings, Inc, said: “With a proven track record in financial leadership and a deep understanding of the insurance industry, Michael will be instrumental in driving our strategic goals, optimising our financial operations, and helping to shape the next phase of the Company’s transformation.”
In his new role as CFO, Pedraja will serve as a member of Employers Holdings’ executive leadership team and will be charged with leading the financial and investor relations functions of the business.
He is joining the company from Ariel Re Services, a reinsurance underwriter, where he most recently served as Group Chief Financial Officer.
His professional career spans roles from Senior Vice President and Treasurer of The Allstate Corporation to insurance-focused Investment Banker at Aon Securities, Barclays and Credit Suisse.
Commenting on his appointment Pedraja said: “The team has done a wonderful job in solidifying EMPLOYERS as America’s small business insurance specialist.
“It is an honour to partner with Kathy and the leadership team to further that position while profitably growing the business and driving shareholder value.”
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.