Coverys Appoints Naveed Anwar as New CFO
Portfolio - People | Mar 06, 2025 | EIN
Coverys, a prominent provider of medical professional liability insurance and healthcare risk management services, has named Naveed Anwar as its new Chief Financial Officer (CFO). In this role, Anwar will report directly to Joseph G. Murphy, President and CEO, and will focus on strategic financial initiatives to facilitate growth and optimize capital management for sustained long-term success. Anwar brings over 25 years of financial expertise, having previously served as CFO in multiple organizations within the industry, including his recent position at MagMutual Insurance. His experience in strategic finance, mergers and acquisitions, and international market expansion positions him to significantly contribute to Coverys’ ongoing goals of innovation, operational excellence, and global diversification. Anwar's credentials include a background with firms such as AIG, American Express, and PwC, with memberships in professional bodies like the Institute of Chartered Accountants in England and Wales. His appointment underscores Coverys' commitment to maintaining leadership in the medical professional liability sector.
Sectors
- Medical Professional Liability Insurance
- Healthcare Risk Management
- Corporate Finance
Geography
- United States – The primary market where Coverys operates, providing insurance and risk management services.
- United Kingdom – Naveed Anwar had educational and professional ties within this country, holding a degree from Kingston University and membership in the Institute of Chartered Accountants in England and Wales.
Industry
- Medical Professional Liability Insurance – Coverys operates in this sector, providing insurance services to healthcare professionals, focusing on risk management and liability coverage.
- Healthcare Risk Management – Coverys offers services aimed at minimizing risks in the healthcare sector, ensuring safety and compliance for medical practitioners.
- Corporate Finance – The appointment of a new CFO with a background in strategic financial management highlights the focus on optimizing financial operations and growth.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Coverys | Target Company | Company | A provider of medical professional liability insurance and healthcare risk management services. |
| Naveed Anwar | New CFO | Person | Appointed as the Chief Financial Officer at Coverys, with a background in strategic financial management and M&A. |
| Joseph G. Murphy | President and CEO | Person | Current President and CEO of Coverys, overseeing the company's strategic direction. |
| MagMutual Insurance | Previous Company | Company | Naveed Anwar's former employer where he served as CFO. |
| XL Catlin | Previous Company | Company | Part of Catlin where Anwar held the position of CFO for the North American Region. |