Doug Cogan (pictured above) of Cypress, Texas, has been elected to the Texas Mutual Insurance Company board of directors at the carrier’s annual policyholder meeting. His term on the board of Texas Mutual, the state’s leading provider of workers’ compensation insurance, runs through 2031.
Cogan succeeds Danny Phillips, who had served on the board since 2012. A retired partner at PwC, Cogan worked as a global executive in over 40 countries, advising Fortune 250 companies and IPOs across technology, energy, pharmaceuticals and financial services.
His experience includes overseeing complex technology transformations and consulting with executive teams and boards on risk and strategy.
Cogan currently advises on artificial intelligence initiatives and serves on the boards of a private company and a nonprofit. He holds a bachelor’s degree in computer science and business administration from the University of Mount Union and completed executive education programs at Stanford, Harvard, MIT and the London Business School.
“Doug’s leadership experience and expertise in technology will be a tremendous asset to Texas Mutual’s board,” said Jeanette Ward, president and CEO of Texas Mutual. “As a policyholder-owned company, our board and leadership team remain dedicated to serving Texas businesses and their employees, and we look forward to benefiting from Doug’s insights as we continue advancing our mission.”
The company said Steve Oldham was re-elected to continue serving on the board and William Quinn was named vice chair. Oldham, appointed in 2019, is a partner and chief compliance officer at Autumn Lane Advisors and also serves on the Texicare Board of Directors.
Quinn, elected to the board in 2021, is the retired executive chairman of American Beacon Advisors, an asset management and mutual fund company he founded in 1986.
Texas Mutual’s board has nine directors representing a range of Texas industries and regions. Five, including the chair, are appointed by the Governor with the advice and consent of the Texas Senate; policyholders elect the other four.
Current president Ward was named to the National Council on Compensation Insurance’s 2025 board of directors, positioning the company within national workers’ comp policy discussions; under her tenure, Texas Mutual approved a $350 million policyholder dividend in 2024, lifting cumulative returns since 1999 to more than $4.4 billion.
Board actions in 2024 included a $350 million dividend that reached an estimated 69,000 business owners – about 90% of policyholders – marking the 26th consecutive year of distributions, typically paid in June and subject to performance and regulatory approval.
Texas Mutual also created a chief transformation officer role in late 2024 to align data, AI and technology programs across the organization, consolidating product, data and agile teams to support long-term strategy and operations.
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