Hagerty Welcomes New Senior Vice President of Internal Audit

Rhea-AI Summary

Hagerty (NYSE: HGTY) has appointed Joyce Bellows as the new Senior Vice President of Internal Audit, effective May 24, 2022. Bellows brings over 20 years of experience in the financial services sector, previously working at CNA Insurance and other notable firms. In her new role, she will lead Hagerty's risk-based internal audit program, aimed at enhancing governance and control processes. The hiring reflects Hagerty's commitment to maintaining strong risk management practices as it continues to cater to the global automotive enthusiast market.

Positive

• Hagerty expands its executive team with the hiring of Joyce Bellows, enhancing internal audit capabilities.
• Bellows has over 20 years of experience, strengthening Hagerty's risk management and compliance.
• The appointment aligns with Hagerty's commitment to industry best practices.

Negative

• None.

Joyce Bellows joins the executive team to lead the strategy and execution of Hagerty's internal audit program

TRAVERSE CITY, Mich., May 24, 2022 /PRNewswire/ -- Hagerty (NYSE: HGTY), an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, today announced the expansion of its senior executive team with the hiring of Joyce Bellows as Senior Vice President of Internal Audit. In this role, Bellows will lead the strategy and execution of Hagerty's risk-based internal audit program including identifying and evaluating risk, governance and control processes and recommending improvements in line with evolving industry best practices.

Bellows joins Hagerty with more than two decades of experience across several segments of the financial services industry. Prior to Hagerty, she served as Senior Vice President of Internal Audit at CNA Insurance, where she led the internal audit and investigative functions. She held various progressive leadership and risk positions at Citizens Property Insurance Corporation, NetBank, EverBank, Deloitte and Bank of America. She holds several professional certifications including Certified Internal Auditor (CIA) Certification in Risk Management Assurance (CRMA) and an MBA from the University of North Florida.

"Joyce's expertise in risk management and internal audit complement our organization's efforts to remain at the forefront of the auto enthusiast market," said Fred Turcotte, CFO of Hagerty. "With her history of success and progressive leadership skills, I am confident she will integrate with our growth culture and help our team take the company to the next level."

"I'm thrilled to begin this journey with Hagerty," said Bellows. "The Internal Audit Team has a unique opportunity to make a positive impact by developing a risk-based internal audit program that will support the Hagerty organization in accomplishing its goals and objectives."

About Hagerty, Inc. (NYSE: HGTY)

Based in Traverse City, Michigan, Hagerty's purpose is to save driving and car culture for future generations and its mission is to build a global business to fund that purpose. Hagerty is an automotive enthusiast brand offering integrated membership products and programs as well as a specialty insurance provider focused on the global automotive enthusiast market. Hagerty is home to Hagerty Drivers Club, DriveShare, Hagerty Valuation Tools, Hagerty Media, Hagerty Drivers Club magazine, MotorsportReg, Hagerty Garage + Social, The Amelia, the Concours d'Elegance of America, the Greenwich Concours d'Elegance, the California Mille, Motorlux, the Hagerty Drivers Foundation and more. For more information on Hagerty, please visit www.hagerty.com, or connect with us on Facebook, Instagram and Twitter.

More information can be found at newsroom.hagerty.com.

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SOURCE Hagerty

FAQ

Who is Joyce Bellows in relation to Hagerty (HGTY)?

Joyce Bellows is the new Senior Vice President of Internal Audit at Hagerty, appointed to lead the internal audit program.

What is the purpose of Joyce Bellows' appointment at Hagerty?

Her appointment is aimed at executing a risk-based internal audit program to improve governance and control processes.

When was Joyce Bellows appointed at Hagerty (HGTY)?

Joyce Bellows was appointed on May 24, 2022.

What experience does Joyce Bellows bring to Hagerty?

Bellows has over two decades of experience in financial services, including senior roles in internal audit and risk management.