U-Haul Holding Company Announces the Retirement of Oxford Life Insurance Company President Mark Haydukovich
January 30 2024 - 4:10PM
Business Wire
U-Haul Holding Company (NYSE: UHAL, UHAL.B), the parent company
of U-Haul International, Inc., Oxford Life Insurance Company,
Repwest Insurance Company and Amerco Real Estate Company, announced
today that Mark Haydukovich, President of Oxford Life Insurance
Company (Oxford), will retire after a 45-year career. Haydukovich
will continue to serve on the Oxford Board of Directors.
Haydukovich joined Oxford in 1978 as an accountant. He went on
to hold the titles of Oxford treasurer and senior vice president
before being named president in 1997.
“Mark came to work at Oxford shortly after it became part of
AMERCO. Within four years, Mark was effectively managing the
company,” stated Joe Shoen, Chairman of U-Haul Holding Company. “In
the beginning, Oxford primarily administered our health plan. Under
Mark’s leadership, the Company increased its assets nearly 200
times, along the way earning an AM Best rating of ‘A’ (Excellent).
Oxford now has assets of $2 billion and customers in most of the
U.S. Oxford is in solid condition and should prosper under its next
leader.”
Oxford has experienced steady and successful growth under
Haydukovich’s leadership. He led the Company as it started selling
life insurance and annuity products, which he credits for helping
Oxford continue to grow. Over the course of his career, he oversaw
the acquisition and successful integration of several life
insurance companies that further expanded Oxford’s presence.
“We grew Oxford from virtually nothing,” Haydukovich stated.
“Looking back 45 years later, I think, ‘Wow! We did all that?’ But
it was all done a few steps at a time. Oxford is a great success
story thanks to the participation of a lot of team members over
many years.”
“For almost 30 years as president, Mark has successfully
navigated Oxford through every type of challenge an insurance
company can face while always looking out for the best interests of
policyholders, team members and owners,” added Jason Berg, Chief
Financial Officer of U-Haul Holding Company. “His discipline and
ability to manage risk have placed Oxford on the solid footing it
finds itself today.”
Haydukovich holds a Bachelor of Science degree in Business
Administration from Northern Arizona University and a Master of
Business Administration from Arizona State University. During his
career, he earned the designations of certified public accountant,
certified financial analyst, fellow in the Life Management
Institute, chartered life underwriter, and chartered financial
consultant.
In 2002, Arizona Governor Jane Hull appointed Haydukovich to the
Board of Directors of the Arizona Life and Disability Insurance
Guaranty Fund. He has been re-appointed several times since then
and is the current vice chair.
In 2023, Haydukovich received the prestigious Distinguished
Service Award from the American Council of Life Insurers (ACLI)
Forum 500. He also served as chair of the ACLI Board of
Directors.
About U-Haul Holding Company
U-Haul Holding Company is the parent company of U-Haul
International, Inc., Oxford Life Insurance Company, Repwest
Insurance Company and Amerco Real Estate Company. U-Haul is in the
shared use business and was founded on the fundamental philosophy
that the division of use and specialization of ownership is good
for both U-Haul customers and the environment.
About Oxford Life Insurance Company
Founded in 1965, Oxford Life and its subsidiaries specialize in
providing annuity, life and Medicare supplement products designed
to meet the needs of the senior market through independent
marketing organizations and general agents.
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version on businesswire.com: https://www.businesswire.com/news/home/20240130903627/en/
Sebastien Reyes Director of Investor Relations
U-Haul Holding Company (602) 263-6601
sebastien_reyes@uhaul.com
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