Adler brings a career history that includes early experience at Deloitte to the specialty insurer. His appointment arrives as the company prepares to shift its financial oversight following the expiration of Patel’s tenure.

The firm also signaled positive momentum for the second quarter, which concluded on June 30. Ategrity projects earnings of 60 cents a share, a performance that comfortably outpaces the 47-cent forecast currently held by analysts polled by FactSet. Investors reacted to the leadership transition and the earnings outlook with cautious optimism, pushing shares up 1.3% to $24.30 in premarket trading.