Island Insurance, Hawaii’s only locally owned property and casualty insurance company, announced today that Scott Kuioka, a longtime member of the company’s leadership team, will be appointed as President on April 2, 2024. Beverly Ament, President of Island Insurance since 2019, will retire on the same day.
“Scott has deep roots in Hawaii and years of experience as a key member of the Island Insurance leadership team,” said Tyler Tokioka, Chairman of the Island Insurance Board of Directors. “I’m confident Scott will successfully build on our tradition of serving as a nationally recognized property and casualty insurer that leverages local expertise to serve Hawaii’s communities.”
As President, Kuioka will oversee all Island Insurance operations, leading a team of 150 employees. Having joined Island Insurance in 2012, he currently serves as the company’s Senior Vice President, Chief Operating Officer, Chief Investment Officer, and Chief Risk Officer. He currently oversees all operating departments and led the implementation of Island Insurance’s new core investment technology system. He spearheads strategic planning and throughout his tenure, has implemented programs to improve the insurance experience for customers and agents. Previously Kuioka served as Chief Investment Officer at Tradewind Capital Group. Prior to joining Tradewind Capital Group, Kuioka was a Senior Vice President at Bank of Hawaii.
He contributes to the community as Co-Chair of Aloha United Way’s Tocqueville Society, and as a Director of the Carole Kai Charities Great Aloha Run. He was previously a member of the Kahauiki Village Development Team and the Chair of the Board of Directors of the Japanese Cultural Center of Hawaii. Born and raised in Honolulu, Kuioka holds a Bachelor’s degree in Business Administration from Northeastern University and an MBA in Finance from the University of San Francisco.
“It’s a critical time for Hawaii’s insurance industry, and I’m grateful for the opportunity to lead Island Insurance,” said Kuioka.
Ament joined Island Insurance in 1996. Prior to her appointment as President in 2019, she held several roles including Executive Vice President and Chief Underwriting Officer.
“Thanks to Bev’s leadership, Island Insurance is well-positioned for continued success,” Tokioka said. “We are grateful for her dedication and wish her the best in retirement.”
Founded more than 80 years ago to serve local families and businesses, Island Insurance is the only Hawaiibased company recognized as a Top 50 property & casualty insurer in the nation by the Ward Group for 16 consecutive years.
About Island Insurance
Island Insurance Company, Ltd. is Hawaii’s only locally owned and managed property and casualty insurance carrier, offering a full range of protection solutions. Founded in downtown Honolulu, Island Insurance has been serving Hawaii’s families and businesses for more than 80 years. Island Insurance is the only Hawaii based company recognized as a Top 50 property & casualty insurer in the nation by the Ward Group for 16 consecutive years. It holds a financial strength rating of “A” (Excellent) from A.M. Best Company.
Since 2003, the Island Insurance Foundation has donated nearly $12 million to a wide array of local non-profit organizations. It is recognized as one of the top 25 most active private foundations in Hawaii.