Reinsurance News

Steve Bitar becomes CEO of Olympus

31st March 2020 - Author: Matt Sheehan

Gemini Financial Holdings Corporation has announced the appointment of Steve Bitar as Chief Executive Officer (CEO) of Olympus Insurance Company, its subsidiary focused on the Florida property market.

Bitar was formerly the Chief of Underwriting and Agency Services for Citizens Property Insurance Corporation, and replaces Interim CEO James McDermott.

He will take up his position on April 20, 2020, bringing more than 20 years of Florida-specific insurance experience to Olympus.

His experience includes underwriting roles in both personal and commercial lines, produce development, agency services, and business analysis and implementation.

Bitar has held several executive and senior leadership positions including both Vice President and Senior Director of Consumer and Agent Services as well as Director of Consumer Services.

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During his time with Citizens, Bitar implemented several technology initiatives, including an insured customer portal, online claims filing, and electronic payments.

“As we began the extensive search for a new leader at OIC, the Board had specific requirements relating to Florida property insurance experience, proven underwriting and product development leadership, effective catastrophe response management, and a proven record of delivering world-class customer service,” said Dennis McGill, GFHC Board Chairman.

“Steve’s amazing performance at Citizens over a sixteen-year career clearly exhibited his superior ability in each of these areas. We are excited to continue our upward momentum with this announcement, especially following our recent Demotech reaffirmation earlier this month.”

Bitar also commented: “Olympus has navigated difficult Florida property insurance conditions while successfully adding to surplus and maintaining their best-in-class reputation for underwriting and claims.”

“In uncertain times like these, I appreciate the opportunity to join a forward-thinking company that values and executes on stability, consistency and service,” he added. “I am eager to be a part of moving Olympus into the next phase of their business evolution.”

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