Zander insurance is looking for a new CEO
IGN is reporting that Zander is looking to replace its CEO as it looks to revamp its insurance business.
According to the reports, Zander’s insurance arm has already hired a new executive and that the firm is looking at a new insurance chief.
The company was spun off from insurer Allstate in 2016, but it continues to operate independently.
The new executive will be responsible for Zander.
According to the report, Zanders insurance arm recently reported its first quarter earnings of $3.1 billion.
It also reported a profit of $5.7 million on sales of $11.1 million, with the number of employees at the company growing by almost 2,000 from the previous quarter.
Allstate’s stock has risen more than 7% in the past 12 months, with shares up nearly 12% in 2017.
The stock has been on a tear since its stock hit a record high in October 2016, with a total of $37.90.
The New York Times first reported the news on Tuesday.