Coverys Welcomes Naveed Anwar as New CFO
Coverys, a leader in medical professional liability (MPL) insurance and healthcare risk management, is pleased to announce the appointment of Naveed Anwar as its new Chief Financial Officer (CFO). Reporting directly to President and CEO Joseph G. Murphy, Anwar will spearhead strategic financial initiatives aimed at fostering growth and optimizing capital management in support of Coverys’ long-term objectives.
With a robust background of over 25 years in financial management, Anwar has dedicated the last decade to serving as a CFO within the MPL sector, where he has been pivotal in shaping financial performance, enhancing capital efficiency, and refining financial operations. Drawing upon his extensive experience in strategic finance, mergers and acquisitions, and corporate leadership, he will oversee Coverys’ financial functions, providing data-driven insights to steer the company’s short- and long-term growth plans.
Prior to joining Coverys, Anwar held the position of CFO at MagMutual Insurance, where he played a significant role in boosting financial performance and driving value creation. His career also includes the role of CFO for the North American Region of Catlin, which is part of XL Catlin, as well as senior finance and consulting positions at AIG, American Express, and PwC across various international markets.
Anwar is a member of the Institute of Chartered Accountants in England and Wales and holds a degree in finance and accounting from Kingston University in the United Kingdom.
“Naveed is a dynamic and accomplished financial strategist with an exceptional record in driving double-digit growth,” commented Joseph G. Murphy, President and CEO of Coverys. “Moreover, his experience in steering international expansion through strategic initiatives reinforces his capability as a leader ready to support Coverys’ global growth and diversification strategy. His appointment underscores our commitment to enhancing operational excellence and fostering innovation in an evolving industry.”
“Coverys has been a steadfast leader in the medical professional liability industry for 50 years,” remarked Anwar. “The organization’s measured approach to portfolio diversification, sustained growth, and profitability strengthens its long-term financial resilience and stability. I am honored to contribute to its mission of empowering healthcare providers by supporting the organization’s next phase of growth.”
