James J. Maguire's Jan. 1 retirement as chairman of the board of directors at Philadelphia Insurance Cos. leaves his son, Jamie Maguire, as chairman, president and CEO of the Bala Cynwyd, Pa.-based professional liability underwriter.
The senior Maguire founded Maguire Insurance Agency in 1962. The agency's first big success was its connection with the Pennsylvania School for the Deaf, a niche market and organization still served by the company. In 1987, Maguire formed Philadelphia Consolidated Holding Corp., publicly traded as PHLY (NASDAQ), which owns Maguire Insurance Agency Inc., Philadelphia Insurance Co. and Philadelphia Indemnity Insurance Co., its flagship company operating in all 50 states & the District of Columbia. In late 2008, Tokio Marine Holdings, a global insurance and financial services corporation, acquired Philadelphia Insurance Cos.
AA&B spoke with Jamie Maguire about his father's legacy, changes in the industry and the company's plans for the future.
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