Hapworth Appointed CEO of Alabama-Based American Equity Underwriters

The American Equity Underwriters, Inc. (AEU, an Amwins Company), a provider of workers’ compensation insurance for waterfront employers and program administrator for American Longshore Mutual Association Ltd. (ALMA), has picked Adele S. Hapworth to succeed Michael L. Lapeyrouse as the company’s chief executive officer, effective June 1, 2021.

Lapeyrouse will assume the role of chairman for AEU.

Adele S. Hapworth

Hapworth joined AEU in 2007 and has served in leadership roles including director of Product Development, executive vice president and chief operating officer.

Lapeyrouse, who has served as president and CEO of AEU since its inception in 1993, was responsible for founding ALMA in 1997. As chairman of AEU, he will continue to work closely with the AEU executive leadership team on key operational matters and strategic initiatives. He will remain in his role as president of ALMA and continue serving on ALMA’s Board of Directors.

Under Lapeyrouse’s leadership, AEU has grown to serve more than 1,400 waterfront employers with nearly $3 billion in payroll. Based in Mobile, Ala., AEU employs 138 individuals across the U.S.

In addition to Hapworth’s transition to CEO, H. Winchester Thurber, IV will join the executive leadership team of AEU in the newly created role of chief commercial officer. Thurber joined AEU in 2012 to drive business development initiatives for AEU and brings decades of leadership experience in the maritime industry to this new role.

The American Equity Underwriters, Inc. (AEU), an Amwins Company, serves as program administrator for American Longshore Mutual Association Ltd., a group self-insurance fund authorized by the U.S. Department of Labor for waterfront employers in all 50 states under the United States Longshore and Harbor Workers’ Compensation Act.

Former NFL Player Ayodele Joins World Insurance Associates’ Spoznik Agency in Miami

Former Miami Dolphin linebacker and investment advisory managing partner Akin Ayodele has joined World Insurance Associates LLC’s Sapoznik agency in Miami as a business development executive. In this role, Ayodele will provide employee benefits and wellness solutions to Florida’s nonprofit, private equity, municipality, and small business sectors.

Rachel Sapoznik, founder, CEO, and president of Sapoznik Insurance, a World Company, said Ayodele has roots in the South Florida community and will help grow World’s business in the state.

Akin Ayodele

A former linebacker in the National Football League (NFL), Ayodele started with the Jacksonville Jaguars in 2002 and later played with the Miami Dolphins and Dallas Cowboys. Following a nine-season NFL career, he began his post-football career in wealth management. Most recently, he was managing partner at Eagle Rock Wealth Management, an independent, minority-owned investment advisory firm located in New Jersey. Akin is a fully licensed insurance agent.

World Insurance Associates LLC (World) is headquartered in Tinton Falls, N.J., and is a national, full-service insurance brokerage providing individuals and businesses with products and services across personal and commercial insurance lines, employee benefits, retirement, and financial services, and human capital management solutions. Since its founding in 2012, World has completed 103 acquisitions and serves its customers from 137 offices across the United States. World is a Top-50 ranked personal lines agency by Insurance Journal.

Century Risk Advisors of Florida Adds Sawyer

Independent insurance and risk management agency Century Risk Advisors has named insurance and financial executive Doug Sawyer to serve as Commercial & Private Client Advisor for Strategic Relationships.

Doug Sawyer

Sawyer is responsible for expanding the firm’s presence in the financial, commercial, and wealth industries where he will work to connect these markets to CRA’s insurance services.

Prior to joining CRA, Sawyer held numerous executive level positions with South Florida financial institutions, having overseen commercial lending, asset management, private banking, retail, and bank support divisions. Sawyer is a former holder of seven different securities and insurance licenses and currently holds a general agent’s insurance license as well as a certificate of certified financial planning from Florida State University.

Formed in 2013, Century Risk Advisors (CRA) offers corporate insurance, risk management, employee benefits, and private client services and serves the real estate, aviation, non-profit, legal, financial, parking, technology, and life science industries as well as various municipalities.

The most important insurance news,in your inbox every business day.

Get the insurance industry’s trusted newsletter

Previous post An offer for profit-seeking exchanges
Next post Fed’s Lael Brainard pushes digital dollar as central bank currency race heats up