Assurant appoints new COO and Global Housing president

ATLANTA - Assurant, Inc. (NYSE:AIZ), a $10.56 billion market cap insurance provider trading at a P/E ratio of 15.03, announced two strategic leadership changes effective September 15, 2025, according to a press release issued by the company. According to InvestingPro analysis, the company’s stock has shown significant momentum with an 8.94% return over the past week.

Mike Campbell has been appointed Executive Vice President and Chief Operating Officer, where he will lead Global Operations and Information Technology for the enterprise. Campbell, who joined Assurant in 2006, previously served as President of Global Housing since 2019.

In his new role, Campbell will focus on enhancing operational efficiency, accelerating technology initiatives, and leveraging Assurant’s global capabilities across all products. The company stated that combining Operations and IT aims to create greater integration between digital infrastructure and operational execution.

Ryan Lumsden will succeed Campbell as Executive Vice President and President of Global Housing. Lumsden has led Assurant’s Renters business for nearly six years and has been with the company since 2014. Prior to joining Assurant, he held leadership positions at Equifax, General Electric, and Metris Companies.

Keith Demmings, President and CEO of Assurant, said Campbell’s "operational experience and proven success in scaling complex businesses" make him suited for the new role. Regarding Lumsden, Demmings noted his "exceptional strategic and commercial acumen" positions him to lead the Housing business.

Assurant describes itself as a protection company that partners with brands to safeguard connected devices, homes, and automobiles. The Fortune 500 company operates in 21 countries. InvestingPro analysis reveals the company maintains a "GOOD" overall financial health score, with analysts expressing optimism about its future performance. Get access to detailed financial metrics and 8 additional ProTips about Assurant through InvestingPro’s comprehensive research reports.

In other recent news, Assurant reported a strong second quarter for 2025, with earnings significantly exceeding expectations. The company posted an earnings per share (EPS) of $5.56, compared to the forecast of $4.50, marking a notable 23.56% surprise. Revenue also surpassed projections, reaching $3.16 billion against the expected $3.12 billion. Following these results, Keefe, Bruyette & Woods raised its price target for Assurant from $225 to $235, maintaining an Outperform rating. This adjustment was based on the positive earnings momentum and led to increased forward EPS estimates for the coming years. Additionally, BMO Capital initiated coverage on Assurant with an Outperform rating and a $238 price target. The firm highlighted potential growth drivers, including anticipated market share gains in the mobile protection segment, which could boost EBITDA by a low-to-mid teens percentage. These developments reflect a positive outlook from analysts on Assurant’s future performance.

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