The board of Assurant Inc. has reinstated Robert Pollock as president of the company.
Pollack had been on administrative leave since July, when the U.S. Securities and Exchange Commission notified him and 2 other executives that it was investigating one of the company’s reinsurance products.
Also named in the SEC announcement, called a Wells notice, were P. Bruce Camacho, the chief financial officer, and Adam Lamnin, chief financial officer of the Assurant Solutions-Assurant Special Property unit.
J. Kerry Clayton, who had been serving as interim president, will remain in an emeritus role with the company until the end of February, Assurant says.
John Palms, chairman of Assurant, says a special committee appointed to investigate the SEC charges “concluded it is in the best interests of the company and its shareholders” to reinstate Pollack now rather than to wait until the SEC investigation is closed.
“Rob Pollock is an accomplished executive who has had a long and successful career with Assurant,” Palm says. “He has acted consistently in the best interests of the company, its shareholders and other constituents.”
Camacho and Lamnin will remain on leave “pending the completion of the review of the documents related to the SEC’s inquiry,” Assurant says.