USHEALTH promoted Troy McQuagge to serve as the insurance holding company’s president, effective February 1, 2014.
The move follows the announcement of positive financial results for the American health insurer.
McQuagge joined the company in late 2010, as president and CEO of its insurance sales subsidiary, USHEALTH Advisors. Since then, USHEALTH Advisors has experienced record annual sales results each year.
Bne Cutler, CEO and chairman, said: “Troy brings a vast amount of Insurance industry experience on both the sales and administrative side. His agency experience coupled with his years of successful insurance company management know-how has helped us bring the company to this point and certainly make him the ideal choice to guide USHEALTH Group to our shared goal of significant long-term share price appreciation.”
McQuagge is a 30-year veteran of the insurance industry, starting his career with the Allstate Insurance Company in 1983. He joined UICI in 1995, where he built the two largest captive career insurance sales organizations in America. As president and CEO of USHEALTH Advisors, he has led the company to multiple annual sales records and growth of 500% since 2010.
McQuagge said: “I am honoured by the confidence Ben and the Board have placed in me and I am humbled to be following in his footsteps as President of USHEALTH Group. Ben’s work over the last decade has brought USHEALTH Group to its breakthrough moment, in the insurance marketplace. My job now, is to continue working with Ben, the Board of Directors and with our respective leadership teams to guide USHEALTH Group to continued profitable growth.”
