Employers Holdings, Inc. announced the appointment of Michael Pedraja as Executive Vice President and Chief Financial Officer (Designate), effective February 3, 2025. He is slated to assume the full role of Executive Vice President and Chief Financial Officer on or about March 31, 2025. Mr. Pedraja will succeed Michael Paquette, who is retiring in March 2025.
Mr. Pedraja brings over 30 years of experience as a corporate financial services leader, with various insurance-related roles. His background includes serving as Group Chief Financial Officer for Ariel Re Services and holding positions as Senior Vice President and Treasurer of The Allstate Corporation. He also worked as an insurance-focused Investment Banker at Aon Securities, Barclays, and Credit Suisse.
Katherine Antonello, President and CEO of Employers Holdings, Inc., stated that Mr. Pedraja's proven track record in financial leadership and deep understanding of the insurance industry will be instrumental in driving strategic goals. He will be responsible for leading the financial and investor relations functions of the business. This appointment is expected to help shape the next phase of the company’s transformation and profitable growth.
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