A 40-year insurance veteran who last served as president of an Indiana-based independent insurance agency has been hired as the next CEO of Louisiana Citizens Property Insurance Corp.
David Thomas will now lead the last-resort insurer. He takes over for Richard Robertson, who announced his retirement earlier this year.
Insurance Commissioner Jim Donelon, in a statement, says Thomas "had all of the qualifications we were looking for in the CEO of Citizens. His varied executive experience will prove to be a real asset and he has a proven track record or developing a strategic vision and executing it successfully."
Thomas was named president of Warsaw, Ind.-based Silveus Insurance Partners in 2010, staying on until December 2012. Silveus serves the insurance needs of farmers, families and businesses in northeast Indiana, southern Michigan and northwest Ohio, and the agency markets crop and hail insurance throughout the U.S.
Prior to Silveus, Thomas was a consultant and CFO for FirstComp Insurance Co. for nearly seven years. The workers compensation insurer is now part of Markel Corp.
Thomas has a bachelor's degree in computer science from the Honeywell Institute of Information Science. His compensation package will be presented to the Citizens board later this month, Donelon says.
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