TRAVERSE
CITY, Mich., Aug. 2, 2023
/PRNewswire/ -- Hagerty, Inc., (NYSE: HGTY) an automotive lifestyle
brand and a leading specialty insurance provider, announced today
that it has named Diana M. Chafey as
its Chief Legal Officer and Corporate Secretary. She will succeed
Barbara Matthews who is retiring
from Hagerty. Matthews has served as Hagerty's General Counsel and
Senior Vice President of Legal since 2007 and will remain with the
company in a senior advisor role through the end of 2023 to help
ensure a seamless transition.
"On behalf of the Board of Directors and leadership team, we are
incredibly grateful for Barbara's work throughout her tenure at
Hagerty," said McKeel Hagerty, CEO
of Hagerty. "From the many complex partnerships we forged over the
years with the nation's largest insurance companies to helping us
establish an independent Board of Directors and shepherding us
through the complicated process of becoming a publicly traded
company, Barbara has always been a steady and trusted advisor."
Matthews said, "I am proud of the role I have played in helping
Hagerty grow and flourish as a company. We had big dreams when I
started here in 2007 and it has been gratifying to see them come to
fruition. I want to thank the Hagerty family, the Board of
Directors and everyone that I have had the honor to work with over
the years. It has truly been a rewarding experience."
In her new role, Chafey will serve as a member of Hagerty's
senior leadership team and participate in all strategic, management
and policy decisions affecting the company's operations and
development. She will be responsible for all legal, compliance,
governmental and regulatory affairs, and provide advice and counsel
to the CEO, leadership team and Board.
"Based on Diana's deep knowledge of the insurance industry,
global experience and expertise working with complex regulatory and
compliance matters, she is a valuable asset to Hagerty's future
growth and profitability," Hagerty continued. "I am confident she
will provide excellent strategic guidance to our organization as we
enter a new phase of our growth
arc."
Chafey is an accomplished legal executive with over 25 years of
broad in-house and large law firm success in advising senior
executives and boards of directors on complex legal, compliance and
risk management matters in highly regulated industries, including
insurance industry experience representing domestic and
international insurers, reinsurers, intermediaries and service
providers in transactional and regulatory matters.
Most recently, Chafey served as Chief Legal Officer and
Corporate Secretary for ATI Physical Therapy, a publicly traded
nationally recognized rehabilitation provider specializing in
physical therapy, workers' compensation, rehab and employer
worksite solutions. Prior to ATI, she was the Executive Vice
President, Chief Legal Counsel and Corporate Secretary for The
Warranty Group (TWG Holdings Limited) where she provided strategic
counsel for all global legal and compliance matters and served as
Vice President, General Counsel and Corporate Secretary for
Interstate Insurance Group and Jefferson Insurance Group. Chafey
was also a partner at the law firm DLA Piper USA LLP, where she worked for a decade
representing a broad range of domestic and international clients
ranging from insurance to reinsurance, financial services and
private equity sectors.
Chafey said, "I have admired Hagerty and its passion to
cultivate and preserve the collector car ecosystem for many years.
I look forward to joining Hagerty and supporting the company's
business and growth objectives to create value for stakeholders
while enhancing and protecting shareholder value."
About Hagerty, Inc. (NYSE: HGTY)
Hagerty is an automotive lifestyle brand committed to saving
driving and fueling car culture for future generations. The company
is a leading provider of specialty vehicle insurance, expert car
valuation data and insights, live and digital car auction services,
immersive events and automotive entertainment custom made for the
67 million Americans who self-describe as car enthusiasts. Hagerty
also operates in Canada and the UK
and is home to Hagerty Drivers Club, a community of nearly
800,000 who can't get enough of cars. As a purpose-driven
organization, Hagerty Impact aims to be a catalyst for positive
change across the issues that matter most to our teams, our
members, the broader automotive community, our shareholders and the
planet at large. For more information, please
visit www.hagerty.com or connect with us
on Facebook, Instagram, Twitter and LinkedIn.
Investor Contact: Jay
Koval, investor@hagerty.com
Media Contact: Andrew
Heller, aheller@hagerty.com
Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements reflect
our current intentions, expectations, or beliefs regarding the
business. Because forward-looking statements relate to the future,
they are subject to inherent risks and uncertainties that are
difficult to predict and may be outside of our control. Some of the
factors that may cause our actual results to differ materially from
those contemplated by our forward-looking statements include: (i)
our ability to recognize the anticipated benefits of the subject of
this press release; (ii) our ability to compete effectively within
our industry and attract and retain members; and (iii) the other
risks and uncertainties listed in our Form 10-K filed with the U.S.
Securities and Exchange Commission ("SEC") on March 24, 2022. This press release should be read
in conjunction with the information included in our other press
releases, reports, and other filings with the SEC. Understanding
the information contained in those filings is important in order to
fully understand our reported financial results and our business
outlook for future periods. We do not undertake any obligation to
publicly update or review any forward-looking statement, whether as
a result of new information, future developments, or otherwise,
except as required by law.
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SOURCE Hagerty