Sy Foguel Chief Executive Officer

As Chief Executive Officer of GUARD Insurance Group, Sy Foguel participates in the strategic planning and positioning of the organization, helping to promote initiatives that make realization of long-term goals possible. He interacts with senior executives to monitor the management, administration, and utilization of resources within the group and serves as our primary liaison with our parent company - Clal. Due to his past experience and actuarial training and certification, Sy also offers valuable guidance in setting corporate policy for pricing, reserving, and other financial practices. Part of his vision for GUARD is a successful expansion into other lines of coverage while continuing to target small- to mid-size commercial customers.

Prior to assuming this role, Sy was an Executive Vice President of Clal Insurance Company, Ltd. (the largest insurer in Israel). His broad areas of responsibility were similar to his current ones and included overseeing the present financial stability and plans for future growth of the organization. To fulfill this duty, Sy was in charge of actuarial matters relating to risk management and all of Clal’s life, health, and property insurance products. He was also involved in business development, international expansion, Internet initiatives, and customer relationship management (CRM). In fact, Sy was the individual who first recognized a potential synergy between GUARD and Clal and helped facilitate the ultimate merger that occurred in May of 2007.

Among the most significant accomplishments of Sy’s career to date was his success in establishing new, revolutionary methods of distribution for Bituach Yashir - an Israeli insurer. Through adoption of his new paradigm, the company rapidly achieved a private sector market share in excess of 10% while attaining the highest rate of profitability among peers. From late 1993 until mid-2002, Sy was an executive serving in various roles of increasing responsibility that culminated in a four-year tenure as Chief Executive Officer. While in each position, he made important contributions to the success of the organization, including his orchestration of a public offering on the Tel-Aviv Stock Exchange and a successful merger/acquisition with a primary competitor - Bituach lshi Yashir.

In addition to his experiences within his native country, Sy also served as Senior Vice President and Chief Actuary for New York-based ARCH Insurance Company, which provided him with an opportunity to exercise his skills in the United States marketplace.

Sy is an honors graduate of the Computer Engineering and Mathematics Faculties at the Hebrew University in Jerusalem. He is a certified actuary in both the U.S. and Israel and is a member of several actuarial societies in both countries (ACAS, FILAA).

 

[ Return to GUARD Insurance Group's Management Team ]