Erie Insurance Appoints Ronald Habursky as SVP and Chief Investment Officer

Rhea-AI Summary

Erie Insurance (NASDAQ: ERIE) has appointed Ronald Habursky as senior vice president and chief investment officer, effective July 2. Having been with the company since 1999, Habursky brings over two decades of investment experience, with roles in fixed income and alternative investments. His promotion is expected to strengthen the company's investment leadership. He previously managed ERIE's fixed income portfolio and has a strong academic background, holding a bachelor’s degree in finance and a master's in applied economics.

Positive

• Ronald Habursky's extensive investment experience enhances leadership.
• Habursky has a successful track record with ERIE's fixed income and alternative investments.

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• None.

ERIE, Pa., June 22, 2020 /PRNewswire/ -- Erie Insurance (NASDAQ: ERIE) today announced that Ronald Habursky will assume the role of senior vice president and chief investment officer, effective July 2.

Habursky joined Erie Insurance in 1999 as a fixed income securities analyst, was promoted to alternative investment analyst in 2000, and later to portfolio manager, external investments, in 2008.

Most recently, Habursky managed ERIE's fixed income portfolio as vice president and senior portfolio manager.

Greg Gutting, Erie Insurance executive vice president and CFO, said that Habursky's extensive investment experience and 21-year career at ERIE will allow him to effectively lead the company's Investments team.

"I am pleased that Ron has accepted this promotion," said Gutting. "He brings an impressive background in both fixed income and equity investments to our CIO role and he was also instrumental in building out ERIE's alternative investment portfolio in the early 2000s."

Before joining Erie Insurance, Habursky was a financial analyst at GE Transportation Systems.

He earned a bachelor's degree in finance from Gannon University and a master's degree in applied economics from the University of Central Florida. He is also a Chartered Financial Analyst (CFA) charterholder through the CFA Institute.

Habursky will be based in Erie Insurance's home office in Erie, Pennsylvania.

About Erie Insurance
According to A.M. Best Company, Erie Insurance Group, based in Erie, Pennsylvania, is the 11th largest homeowners insurer, 12th largest automobile insurer in the United States based on direct premiums written and the 16th largest property/casualty insurer in the United States based on total lines net premium written. The Group, rated A+ (Superior) by A.M. Best Company, has nearly 6 million policies in force and operates in 12 states and the District of Columbia. Erie Insurance Group is a FORTUNE 500 company. For more information about Erie Insurance, visit www.erieinsurance.com

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SOURCE Erie Insurance Group

FAQ

Who is the new chief investment officer of ERIE?

Ronald Habursky has been appointed as the new chief investment officer of Erie Insurance.

When will Ronald Habursky start his role as CIO?

Ronald Habursky will assume his role as CIO effective July 2.

What experience does Ronald Habursky bring to ERIE?

He has over 21 years of experience with ERIE, having worked in various investment roles including managing the fixed income portfolio.

What is the impact of Habursky's promotion on ERIE's investments?

His extensive background in fixed income and equity investments is expected to strengthen ERIE's investment strategies.