The American Equity Underwriters Inc. has named Adele Hapworth its new chief executive officer, effective June 1. Hapworth succeeds Michael Lapeyrouse, who is assuming the role of chairman.
Based in Mobile, American Equity Underwriters is a provider of workers’ compensation insurance for waterfront employees and program administrator for American Longshore Mutual Association Ltd.
Hapworth joined AEU in 2007 and has served in several leadership roles including executive vice president and chief operating officer.
“Adele has been instrumental in the success of every major strategic initiative at AEU over the past 14 years,” said Lapeyrouse.
Lapeyrouse has served as president and CEO of AEU since its inception in 1993 and was responsible for the founding of ALMA in 1997.
Under his leadership, AEU has grown to serve more than 1,400 waterfront employers. As chairman of AEU, he will continue to work closely with the AEU executive leadership team.
In addition, Lapeyrouse will remain in his role of president for ALMA and continue serving on ALMA’s board of directors.
“I’m humbled to have the responsibility of driving the vision and culture of service that Mike so passionately created. I look forward to working together with him and our entire team on the exciting opportunities that lie ahead,” said Hapworth.