Reinsurance News

USAA appoints Randy Termeer as President, Property and Casualty Insurance

2nd August 2022 - Author: Jack Willard

USAA has announced that Randy Termeer has been named President, Property and Casualty (P&C) Insurance.

Termeer joined USAA in 2017 as Senior Vice President and General Manager of Auto Insurance.

Most recently he led USAA’s acquisition of Noblr, which took place in June 2021. On top of that, he also launched USAA’s small business insurance the SafePilot program.

Termeer will lead 15,000 employees within his new role.

Moreover, Termeer brings more than 20 years of industry experience. Prior to joining USAA, he, served as Chief Operating Officer for Chubb’s International Accident and Health Division. He also led product management for personal lines for The Hartford.

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Wayne Peacock, president and chief executive officer, USAA, commented: “With deep insurance industry expertise and a strong track record of innovating to meet the needs of military families, Randy has demonstrated he’s the right person to lead the P&C team into our second century. He knows what it means to serve military families well and his passion for our mission, our members and our employees is unmatched.”

“Since the moment I walked out of orientation in 2017, I have seen my USAA teammates step up to serve our members through significant challenges time and time again,” said Termeer.

“Whether it’s the devastation of a hurricane or an unprecedented pandemic, this team has shown resilience and commitment to our noble mission. There is no team in the world that is comparable to the USAA team, and I am thrilled to lead this team into our second century of service.”

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