An American National official yesterday revealed the company’s new president and CEO but was mum on the exit of former leader Gregory Ostergren.
Tim Walsh now is working as the top executive for Springfield-based American National, a subsidiary of Galveston, Texas-based American National Insurance Co. Walsh joined American National in 2001 when the company bought Farm Family, his former employer. Until his appointment as president and CEO of American National, Walsh worked as senior vice president and chief operating officer of American National’s multiple line division and as president and CEO of American National subsidiary Farm Family, said Scott Campbell, chief marketing officer.
Campbell declined to comment on why Ostergren left the company, and Walsh was unavailable this morning. Attempts to reach Ostergren have been unsuccessful. Springfield Business Journal reported
on the executive’s exit Dec. 27.
“We anticipate no other executive changes,” Campbell said via email. “Like most companies, American National does not share details on personnel matters.”
Ostergren led American National as CEO for around 26 years. The insurance firm ranked 14th on SBJ’s list of the Springfield metropolitan statistical area’s largest employers with 921 employees in the region and 4,598 nationwide. The company’s local revenue in 2015 was $662.2 million, down 13.5 percent from $765.2 million in 2014, according to SBJ list research.
Ostergren, who was a member of SBJ’s 2014 class of Men of the Year, oversaw a company that writes business in all 50 states and Puerto Rico. American National, formerly known as American National Property and Casualty Co., offers automotive, home, life, commercial and agriculture insurance, according to its website.