New Zealand-born Renwick had a 32-year career with Progressive, with about half of those years spent as CEO. (Credit: Ken Wolter/Shutterstock)
Former Progressive CEO and Chairman Glenn Renwick died on May 16 in a car accident at the age of 69.
According to a Florida Highway Patrol report, Renwick was driving his Tesla Model S on a Florida interstate when his vehicle left the lane and collided with a truck. This caused a chain reaction with a total of five vehicles involved in the incident, including at least one tractor-trailer.
Officials said the wreck was likely caused by Renwick experiencing a medical emergency while driving.
New Zealand-born Renwick had a 32-year career with Progressive, with about half of those years spent as CEO. Progressive reports that during his tenure its annual revenues increased from around $750 million in 1986 to nearly $27 billion at the time of his retirement from the Board of Directors in 2018. He stepped down as CEO of Progressive in 2016.
“Glenn’s integrity, leadership skills, business acumen, and innovative approach dramatically affected the financial and competitive position of the company he led, as well as the lives of the people with whom he worked,” Progressive said in a statement in which it offered condolences to Renwick’s family and friends.
“Glenn’s contributions to Progressive were enormous, but one of the first things that comes to mind as I reflect on his work is his commitment to our Core Values. He was a standard bearer for them, living them fully and intentionally every day,” Renwick’s successor and current Progressive CEO Tricia Griffith said in an internal post to the company. “Glenn was an incredible leader and all he ever wanted to do was leave Progressive better than he found it. Without doubt, he accomplished that.”
Renwick’s obituary says he was best known for championing technological innovation in the auto coverage space. Progressive’s Snapshot UBI program was introduced under his leadership, and he also led the development of Progressive’s direct-to-consumer business and pushed the insurer to be an early adopter of e-commerce.
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