Florida’s largest property insurer Citizens has a new board member from Wellington.
Citizens Property Insurance Corp. announced Thursday the appointment of Juan Cocuy to its Board of Governors. He was selected by Florida’s Chief Financial Officer Jeff Atwater to fill a vacancy on the eight-member board.
Cocuy, 54, replaces Nancy Baily, who resigned earlier this year. His term starts right away and will run through July 31, 2014.
He brings experience with accounting to the state’s insurer of last resort, which has 1.3 million customers including 130,000 in Palm Beach County. The company has been buffeted by controversy over executive and travel spending, its handling of internal disciplinary cases and other issues that have prompted calls for more effective oversight and auditing.
“I am honored and excited to be appointed to the board of governors by CFO Atwater,” Cocuy said in a statement. “I hope that I can bring my skills and financial expertise to Citizens in a way that helps us to accomplish our mission.”
Cocuy is the managing shareholder of Cocuy, Burns & Co., a Wellington-based accounting, tax and business consulting firm. He served 1o years as a senior audit manager at Ernst & Young, where he managed audits of large clients in sectors including health care, non-profit and government.
A native of Columbia, Cocuy earned a degree in business administration and accounting from the University of South Florida in Tampa. He serves as a board member of the Health Care District of Palm Beach County, the Boys and Girls Club of Palm Beach County and the Hispanic Chamber of Commerce of Palm Beach County.
“Juan has the financial and accounting experience needed to keep Citizens accountable for the dollars it deploys on behalf of its policyholders and the taxpayers of this state,” a statement from Atwater said. “His more than 25 years of business leadership will be a valued addition to the Board of Governors.”