USHEALTH Group Chairman and CEO Announces Retirement Plans
Ben Cutler Names Troy McQuagge as Successor
Fort Worth, Texas, March 19, 2014
Benjamin Cutler, Chairman and CEO of USHEALTH Group, Inc. (USHEALTH Group) since 2004, today announced his plans for retirement later this year. While Mr. Cutler has set June 30th 2014 as the date he will retire from his fulltime, executive role, he will continue to serve the company as non-executive Chairman of its Board of Directors.
Mr. Cutler also announced that Troy McQuagge will assume the duties of CEO effective June 30th, 2014 to coincide with Mr. Cutler’s retirement. Mr. McQuagge will also retain his responsibilities as President of USHEALTH Group, Inc. and CEO and President of USHEALTH Advisors, LLC its wholly-owned career insurance agency (USHEALTH Advisors).
The two leaders have been close personal friends for over 15 years, and shared the stage as Cutler made this announcement to a group of more than 200 USHEALTH Advisors' sales leaders and USHEALTH Group’s home-office employees.
Mr. Cutler first thanked the assembled sales leaders for another outstanding and record-breaking year for USHEALTH Group and expressed his gratitude at having Mr. McQuagge’s breadth of experience and tremendous leadership qualities to rely on, in making a smooth transition for the company.
"I’ve known Troy for many years and worked closely with him these past four years," said Mr. Cutler. "I’ve been able to observe first hand, what a great builder of teams he personifies through his day-to-day leadership. I look forward to continuing our strong business and personal relationship in our respective new roles."
In accepting the CEO duties at USHEALTH Group, Mr. McQuagge said "I am honored to follow in the footsteps of such a close friend, trusted business partner and true leader in the health insurance industry; as Ben Cutler. Since 2004, he has worked diligently to lay the foundation for building USHEALTH Group into the next Great American Company. I could not be more determined to carry through on the fulfillment of Ben’s vision by unleashing the incredible potential that exists in this organization."
Mr. Cutler has over 45 years of insurance industry experience. He was previously Chairman of Assurant Health and Executive Vice President of Assurant, Inc. He also served as President and Chief Executive of Assurant’s predecessor business units, Fortis Life (1991-1994), Fortis Sales (1995-1996) and Fortis Health (1997-2002). He holds a B.S. from Kansas University and an MBA from the Wharton School of Business at the University of Pennsylvania.
Mr. McQuagge is a 30-year veteran of the insurance industry, starting his career with the Allstate Insurance Company in 1983. He joined UICI (now HealthMarkets) in 1995, where he built the two largest career health insurance sales organizations in America. As President and CEO of USHEALTH Advisors, he has led the company to multiple annual sales records and growth of 500% since 2010. He holds a B.A. in Legal Studies from the University of Central Florida.
About USHEALTH Group, Inc.
USHEALTH Group, Inc. is an insurance holding company based in Ft. Worth, Texas focused on providing innovative health coverage for self-employed individuals and small business owners. The goal of USHEALTH is to combine the talents of its employees and agents to market competitive and profitable insurance products, while providing superior customer service in every aspect of the company’s operations.