NU Online News Service, June 13, 3:01 p.m. EDT
Florida Citizens Property Insurance Corp. has chosen the chief executive of a managing general agent that specializes in Alaska commercial coverage to be the next head of the state-run insurer.
Barry Gilway, CEO of Mattei Insurance Services, was unanimously selected by the Citizens board to become president and CEO of the Sunshine State's top provider of property insurance.
Tom Grady, former Florida Representative and commissioner of the Florida Office of Financial Regulation, was named interim president in March but he reportedly did not make the short list of final candidates, which included California Earthquake Authority CEO Glenn Pomeroy.
Pomeroy is also a former North Dakota insurance commissioner and former president of the National Association of Insurance Commissioners.
The Florida Office of Insurance Regulation released the following statement on Gilway's appointment: “Mr. Gilway's executive experience combined with his understanding of the private marketplace will be essential for leading Citizens in its goal of identifying competitive market segments, continuing the redesign of Citizens' policies, and ultimately reducing Citizens' exposure. The Office extends its warmest congratulations to Mr. Gilway on his new position, and we look forward to working with him in the future.”
The statement says Gilway has private sector experience with Seattle-based Mattei Insurance Services, Zurich North American, and Maryland Casualty Group.
Grady replaced Scott Wallace, who announced his resignation for personal reasons at the start of the year after six years at the helm of what has become the state's largest writer of property insurance.
Wallace was then named president of the property and casualty division at Homeowners Choice Inc. in March.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
