April 5, 2020 by Greg Meckbach
Heidi Sevcik, CEO of Gore Mutual since 2014, is retiring. Andy Taylor will succeed her as CEO effective July 1.
Sevcik has worked in the Canadian property and casualty industry since 1979 and has been at Cambridge, Ont.-based Gore Mutual for 26 years. During her tenure as Gore’s CEO, the company acquired Howard Noble Insurance Limited, which operates Insurance Store Inc., as well as bricks and mortar offices in Alliston, Collingwood and Barrie, Ont.
“Noble Insurance has been our business partner since 1946,” Sevcik noted at the 2017 Annual Convention of the Insurance Brokers Association of Ontario. She explained that the Noble acquisition was about continuing its existing partnership with the brokerage and keeping Noble in the broker channel. During Sevcik’s tenure as CEO, Gore elected to remain as a mutual (in contrast to Economical, which has started the demutualization process) and opted not to establish its own direct writer.
“She successfully repositioned Gore Mutual as a modern mutual with investments in broker distribution, pricing sophistication, technology and people,” Gore Mutual said in a release last month announcing Sevcik’s retirement.
Sevcik has the Fellow of the Chartered Insurance Professionals (FCIP) designation. Taylor, who has worked for Gore Mutual for 15 years, has been chief financial officer since 2012.
Who: Heidi Sevcik
Current Role: CEO, Gore Mutual
P&C experience: 40 years
Profile: Worked for 26 years at Gore Mutual (five years as company CEO). Credited for repositioning Gore as a modern mutual insurer.
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