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About Us > Management > 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.
Less . . .
Prior to assuming this role, Sy was an Executive Vice President of
Clal Insurance Company, Ltd. (an international conglomerate). 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 insurer, Bituach Yashir. 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 and a successful merger/acquisition with a primary competitor - Bituach lshi Yashir.
Sy also
served as Senior Vice President and Chief Actuary for New York-based
ARCH Insurance Company.
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).
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