AMERISAFE Appoints Experienced Insurance Executive as Its New Chief Financial Officer

Rhea-AI Summary

AMERISAFE, Inc. (NASDAQ: AMSF) has announced the appointment of Anastasios (Andy) Omiridis as Executive Vice President and Chief Financial Officer, effective September 1, 2022. He succeeds Neal Fuller, who is retiring. Omiridis brings over 23 years of experience in the insurance sector, previously serving as Senior VP at Kemper Corporation and CFO at Chubb Life. CEO Janelle Frost expressed confidence in Omiridis' financial expertise to lead the company. AMERISAFE specializes in workers’ compensation insurance for hazardous industries in 27 states.

Positive

• Anastasios Omiridis brings over 23 years of insurance experience, which may provide fresh perspectives to AMERISAFE.
• Leadership transition is planned with Neal Fuller assisting in the process, ensuring continuity.

Negative

• Neal Fuller’s departure may create temporary gaps in experience during the transition period.

DERIDDER, La.--(BUSINESS WIRE)-- AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers’ compensation insurance focused on high hazard industries, today announced that Anastasios (Andy) Omiridis will become the Company's Executive Vice President and Chief Financial Officer effective September 1, 2022. He will replace Neal Fuller whose planned retirement was announced in late 2021. Mr. Fuller will remain with the Company for a period of time to assist in the transition.

Mr. Omiridis has more than 23 years of experience in the insurance industry. He is currently the Senior Vice President, Deputy Chief Financial Officer and Principal Accounting Officer of Kemper Corporation. Previously, he served as Senior Vice President and Chief Financial Officer with Chubb Life from 2017 to 2019; and as the Chief Accounting Officer for ARGO Limited from 2012 to 2017. Prior to 2012, Mr. Omiridis served in multiple leadership positions with AIG.

Janelle Frost, AMERISAFE’s Chief Executive Officer, commented: “We are very pleased that Andy will be joining AMERISAFE. Andy’s impressive background and financial expertise makes him the ideal person to serve as CFO.”

About AMERISAFE

AMERISAFE, Inc. is a specialty provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture, and manufacturing. AMERISAFE actively markets workers’ compensation insurance in 27 states.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220825005034/en/

G. Janelle Frost, President and CEO

AMERISAFE

337.463.9052

Source: AMERISAFE, Inc.

FAQ

Who is the new CFO of AMERISAFE?

Anastasios (Andy) Omiridis is the new Executive Vice President and Chief Financial Officer of AMERISAFE.

When does the new CFO of AMERISAFE take over?

Anastasios Omiridis will assume the CFO role effective September 1, 2022.

What experience does Anastasios Omiridis bring to AMERISAFE?

Omiridis has over 23 years of experience in the insurance industry, including roles at Kemper Corporation and Chubb Life.

What is the reason for the leadership change at AMERISAFE?

The leadership change is due to the planned retirement of Neal Fuller, the former CFO.

How will Anastasios Omiridis contribute to AMERISAFE?

His extensive financial expertise and background in the insurance sector are expected to positively impact AMERISAFE's financial strategy.