Alan Colberg Biography and Net Worth

Alan Colberg is chief executive officer of Assurant, Inc., and a director of the company's board of directors.  He was named president in Sept. 2014 and assumed the role of CEO and director on Jan. 1, 2015.

Assurant, Inc. (NYSE: AIZ) is a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases.  Anticipating the evolving needs of consumers, Assurant partners with the world’s leading brands to develop innovative products and services and to deliver an enhanced customer experience to more than 300 million consumers worldwide.  A Fortune 300 company with a presence in 21 countries, Assurant offers mobile device solutions; extended service contracts; vehicle protection services; renters’ insurance and lender-placed homeowners’ insurance. 

Mr. Colberg has led a global transformation agenda for Assurant, which included the divestiture of the company’s health, employee benefits and pre-funded funeral insurance businesses – in favor of focusing on and growing its dominance as a leader in the connected consumer lifestyle businesses.  His transformative strategy has delivered sustained double-digit profitable growth.  In late 2017, Mr. Colberg led Assurant’s $2.5 billion acquisition of The Warranty Group, making Assurant the premier global lifestyle solutions provider, solidifying its position as a global leader in vehicle protection – further strengthening and emerging as a definitive leader across its three key businesses of mobile, auto and renters.

Mr. Colberg sits on the Business Roundtable and has participated in many of this group’s key initiatives, including his support for the updated Purpose of a Corporation.  Additionally, he has been the company’s lead advocate on Diversity, Equity & Inclusion (DEI), across the globe.  Recent DEI recognition for Assurant includes America’s Best Employers for Diversity by Forbes, inclusion in Bloomberg Gender Equality Index and a perfect score on the Human Rights Campaign Corporate Equality Index for three consecutive years.   

In 2019, Mr. Colberg was ranked first by buy-side analysts and third overall (tie) for Best CEO in the midcap insurance sector in Institutional Investor’s annual survey and in 2020 he was ranked second overall for Best CEO. 

Before joining Assurant in March 2011, Mr. Colberg was a consultant for Bain & Company, Inc., for 22 years, serving as an advisor to Assurant during much of this time.  While at Bain he founded and then led Bain’s Atlanta office for more than a decade and served as Bain’s global practice leader for Financial Services. In 2010, Consulting Magazine named him one of the world's top 25 consultants, recognizing him for demonstrated excellence in the financial services sector.

Mr. Colberg served on the board of directors for CarMax (NYSE: KMX) from 2015-2018, and as chair of the company’s Nominating and Governance Committee.  Previously he served on the boards of the Woodruff Arts Center, the Metro Atlanta Chamber of Commerce and as chairman of the board of the Atlanta International School.

Mr. Colberg holds a Master of Business Administration from Harvard Business School and a Bachelor of Science in accounting and finance with highest honors from the Wharton School at the University of Pennsylvania.