Trean Insurance Group Announces Senior Management Changes

Trean Insurance Group, Inc. (Nasdaq: TIG) (“Trean” or the “Company”), a leading provider of products and services to the specialty insurance market, announced today that its Board of Directors has appointed current CEO Andrew O’Brien as Executive Chairman of the Board and appointed current President and Chief Operating Officer Julie Baron as CEO, both effective July 1, 2022. Ms. Baron will also join the Board of Directors of Trean effective July 1, 2022.

“I have served as Trean’s CEO since its formation in 1996,” said Mr. O’Brien. “During that time, we have grown from an underfunded start-up into the market leader we are today. There are countless people who have contributed to our success, and I am grateful for all of them. Today we have a strong and deep bench equipped with the culture, tools and practices that can be the foundation for decades of future success. As for me, I have reached the age when it is time for someone else to take on the CEO role. We are blessed to have Julie Baron on board who, effective July 1, 2022, will become Trean’s new CEO. I will remain on Trean’s board as its Executive Chairman and will continue to stay closely involved with the team’s efforts in evaluating and strengthening our programs. Julie is an exceptional leader with a deep knowledge of the insurance business, the ‘secret sauce’ that drives our company and the support of an exceptional management team. I am confident she and Trean will continue to succeed, and I look forward to working with them in my new role.”

“I am honored to take the baton from Andy and lead the amazing Trean team into the future,” said Ms. Baron. “I appreciate and am excited for this opportunity and want to thank the Board, our supportive team, and especially Andy for entrusting me to lead the next phase of this great company that he has successfully built. I look forward to continuing our current growth strategy and further enhancing it through the addition of new, profitable specialty program partners to our first-class roster.”