Universal Insurance Holdings has announced the promotion of Michael Poloskey to take on the new role as Chief Operating Officer (COO).
Poloskey’s position will take place effective immediately. He will be succeeding Steve Donaghy who was named CEO last summer.
Donaghy commented: “This move fits with the natural progression of our organization in providing opportunities for advancement and creating a culture of operational excellence.”
Poloskey added: “I look forward to broadening the operational excellence culture we have instilled within our underwriting department the past several years, cross functionally throughout the organization, in partnership with our executive leadership team.”
Poloskey has been the company’s Vice President of Underwriting since 2013. Prior to his role as the Vice President of Underwriting he served as Vice President of Evolution Risk Advisors since 2009.
Over more than a decade, Poloskey has been a liaison between Evolution Risk Advisors and the in-house reinsurance intermediary Blue Atlantic Re, has overhauled operational workflows and the organizational structure in the underwriting department, and has been a champion of technology adoption, enterprise architecture and execution.