Penn National Insurance Undergoes Major Leadership Transition With New CEO Announcement
Leadership Transition at Penn National Insurance
In a recent announcement, Penn National Insurance, a leading mutual insurance company based in Harrisburg, Pennsylvania, revealed significant changes within its leadership team as part of a strategic transition for the future. As the insurance industry adapts to rapid changes, the company acknowledges the importance of solid leadership guided by experience and vision.
The most notable change is the upcoming retirement of Robert Brandon, who has served as President and CEO for over five years. Brandon will officially retire on July 1, 2026, after dedicating over 30 years to the company, marking the end of an era characterized by strong leadership during challenging times. Under his watch, the company successfully navigated through the pandemic and achieved a remarkable A.M. Best credit rating of A as well as surpassing $1 billion in annual direct premiums written.
Effective January 5, 2026, Brandon will step down as CEO, handing over the reins to John Foster, who has been serving as the Senior Vice President of Insurance Operations. Foster's extensive experience within the organization, having joined in 2006, positions him well to lead Penn National Insurance into its next chapter. He has a strong foundation in personal lines and underwriting operations and is recognized for his ability to seize growth opportunities in uncertain economic climates.
Foster expressed gratitude for the support he received from Brandon and acknowledged the critical role relationships play in the insurance business. He emphasized the importance of continuing the strong culture that values employees and prioritizes the needs of policyholders. Foster's leadership style aligns with the company's commitment to customer service and operational excellence, ensuring that Penn National Insurance remains a competitive player in the market.
The leadership adjustments don't stop with Foster. Randal Mancini, who has been with Penn National for over 25 years, will be promoted to Senior Vice President of Insurance Operations. This appointment underscores the company's commitment to nurturing talent from within and preparing its future leaders. Mancini is tasked with overseeing critical areas of the operation, including underwriting, distribution, and claims.
The transition reflects a clear trajectory towards sustained growth and adaptation in a fast-evolving industry. Steve Swanson, Chair of the Board of Directors, extended his gratitude towards Brandon for his leadership, noting the company's unprecedented growth and accomplishments during his tenure despite facing a challenging marketplace.
Looking ahead, Foster aims to build upon the groundwork laid by Brandon. His proactive approach and strategic insights are expected to guide the company through continued market fluctuations, reinforcing its commitment to serving policyholders and fostering relationships with independent agents across its operational footprint.
As the insurance landscape continues to evolve, Penn National Insurance is positioning itself as an agile and responsive entity ready to confront new challenges with a strong and capable leadership team. This transition marks not only a shift in leadership but a commitment to innovation and excellence in serving their clients.
Penn National Insurance remains committed to its mission of providing security and stability to its policyholders, ensuring they feel protected in uncertain times. The latest leadership changes signal a promising future for the company as it balances tradition with a forward-looking approach, emphasizing the importance of relationships and expertise in the insurance industry.