August 21, 2025

Doug Cogan Joins Texas Mutual Insurance Board

News Summary

Doug Cogan has been elected to the board of directors at Texas Mutual Insurance Company, bringing a wealth of experience from his finance and technology background. His extensive career includes advising Fortune 250 companies and leading artificial intelligence initiatives. Alongside Cogan, the board is solidifying its leadership with re-elections and new appointments, ensuring a diverse representation. Under the current leadership, Texas Mutual has announced a significant policyholder dividend, marking its commitment to supporting business owners in the community.

Cypress, Texas – Doug Cogan has been elected to the board of directors of Texas Mutual Insurance Company during the annual policyholder meeting held recently. Cogan’s term will extend until 2031, filling the vacancy left by Danny Phillips, who has served on the board since 2012.

Cogan brings a wealth of experience to the board, having had a distinguished career as a retired partner at PwC. His expertise spans across over 40 countries, where he has advised numerous Fortune 250 companies and handled Initial Public Offerings (IPOs) in a variety of sectors, including technology, energy, pharmaceuticals, and financial services. With a focus on overseeing complex technology transformations, Cogan has consulted with executive teams on matters related to risk and strategy.

Currently, he is involved in advising organizations on artificial intelligence initiatives and holds positions on the boards of both a private company and a nonprofit organization. Cogan’s educational background includes a bachelor’s degree in computer science and business administration from the University of Mount Union, as well as executive education from prestigious institutions like Stanford, Harvard, MIT, and the London Business School.

Jeanette Ward, president and CEO of Texas Mutual, expressed confidence in Cogan’s leadership experience and technology expertise, describing them as critical assets for the board. Alongside Cogan, Steve Oldham has been re-elected to serve on the board, while William Quinn has been appointed as vice chair. Oldham is noted for his role as a partner and chief compliance officer at Autumn Lane Advisors and his position on the Texicare Board of Directors. Quinn, a significant figure in the financial advisory sector, is the retired executive chairman of American Beacon Advisors, which he established in 1986.

The board of Texas Mutual comprises nine directors representing a diverse range of Texas industries and regions. Five of the directors, including the chair, are appointed by the Governor with the Texas Senate’s advice and consent, while the remaining four directors are elected by policyholders.

Texas Mutual has been a leader in returning profits to its policyholders; under Jeanette Ward’s stewardship, the company approved a $350 million dividend in 2024. This significant financial return reached approximately 69,000 business owners—accounting for around 90% of the policyholder base. This latest dividend marks the 26th consecutive year of policyholder distributions, which are typically paid in June and are subject to performance and regulatory approval. Cumulatively, since 1999, Texas Mutual has returned over $4.4 billion to its policyholders.

As part of its evolving strategy, Texas Mutual recently established a chief transformation officer role in late 2024. This role aims to consolidate product, data, and agile teams to better align data, AI, and technology programs across the organization, thereby supporting its long-term strategy and operational goals.

As Texas Mutual continues to innovate and adapt in the insurance industry, the addition of Cogan to its board signifies a commitment to leveraging technology and expertise to enhance service and operational efficiency.

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