06:14 PM
PCI Welcomes Seven New Board Members
The Chicago-based Property Casualty Insurers Association of America (PCI) has added seven newly elected members of the Board of Governors and 19 companies that joined the association in 2008. PCI's new board members include: Terrence W. Cavanaugh, president and chief executive officer, Erie Insurance Group; Peter Christen, president and chief executive officer, QBE Regional Insurance; Bernard Flynn, president and chief executive officer, NJM Insurance Group; Robert F. Hill, president, American Reliable Insurance Company; John Latham, senior vice president, office of development and president, southeast region, Markel Corporation Group; Gregory E. Murphy, chairman, president and chief executive officer, Selective Insurance Group; and Mary Todd Peterson, president and chief executive officer, Medmarc Insurance Group.
The following property casualty insurance companies—providing coverage ranging from workers compensation, homeowners, fire, ocean marine and more—joined PCI in 2008:
Allied World RE U.S., a newly formed reinsurance company in the Allied World Assurance Company group;
American Keystone Insurance Company, which writes homeowners, fire, general liability and inland marine in Florida;
American Strategic Insurance Group, which primarily writes homeowners in Florida:
Association Casualty Insurance Company and Georgia Casualty & Surety Company, two newly acquired companies in the Columbia Mutual Insurance Company group;
Benchmark Insurance Company, which is licensed in 48 states and currently writes burglary, fidelity and surety, general liability, product liability and workers compensation in 41 states:
Berkshire Hathaway Assurance Corporation, a newly formed company in the Berkshire Hathaway Insurance group, will write financial guaranty and surety in 45 states;
Builders Insurance Group, which focuses primarily on the building trade in Georgia;
First Home Insurance Company, which writes homeowners insurance in Florida;
Ironshore Holdings (U.S.) Inc., which comprises Ironshore Indemnity Inc. and Ironshore Specialty Insurance Company;
Litchfield Mutual Fire Insurance Company, which writes homeowners, fire, commercial multi-peril and farm owners in Connecticut;
Members Insurance Company, which writes auto and homeowners exclusively in North Carolina for AAA club members;
Mutual Savings Fire Insurance Company, a member of Unitrin Inc. and a single-line Alabama-domiciled company licensed and writing fire in Alabama, Georgia and Mississippi;
PARIS RE Insurance Company of Maryland, which is licensed in all states and currently writes private passenger automobile insurance in California;
Patrons Mutual Insurance Company of Connecticut, which writes private passenger auto, homeowners, fire, commercial multi-peril and farm owners in Connecticut, Massachusetts, Rhode Island and Vermont;
Seaworthy Insurance Company, a member of Berkshire Hathaway's National Indemnity Group, is a single-line Maryland-domiciled company licensed and writing ocean-marine coverage for recreational boats in 20 states;
Selective Insurance Group, Inc., a holding company for seven property and casualty insurance companies;
Sentruity Casualty Insurance Company, a newly formed company in the GSFS group. Sentruity will write service contract warranty in Arkansas, Indiana, Iowa, Maryland, Oklahoma, Pennsylvania and Utah;
Victory Insurance Company of Montana, a company incorporated in May 2005 that writes workers compensation in Montana;
Workers Compensation Fund, which writes workers compensation in Utah. Ray D. Pickup is its president and chief executive officer.
"PCI continues to attract new members who recognize PCI's value, information services and effectiveness in advocating on their behalf," said Sampson. "PCI is prepared for the tough challenges ahead in 2009. The landscape has fundamentally shifted and we will effectively deploy our resources to adjust to those new realities and address our members' needs at the state, federal and international levels.
PCI is composed of more than 1,000 member companies, representing the broadest cross-section of insurers of any national trade association. PCI members write more than $198 billion in annual premium, 40.5 percent of the nation's property casualty insurance. Member companies write 51.6 percent of the U.S. automobile insurance market, 39.7 percent of the homeowners market, 33.2 percent of the commercial property and liability market, and 38.7 percent of the private workers compensation market.
Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio