On Wednesday last week, June 13, a new CEO was selected by the Citizens Board of Governors. The new hire, Barry Gilway, is a former President and CEO of Maryland Casualty Group. He will be replacing Tom Grady, who has been the interim CEO.
The vote to bring in Gilway was a unanimous vote (8-0). He and one other candidate, Glenn Pomeroy (CEO of California Earthquake Authority), were the only two out of 5 candidates sent in for consideration by the full board.
FAIA (Florida Association of Insurance Agents) has commended the board for its selection. They look forward to working with Mr. Gilway. It is their hope that, with his help, they can “responsibly depopulate Citizens and open the marketplace to private capital“. (faia.com/core/contentmanager/uploads/Action%20Alerts/6_13_12_NewsAlert_mobile.html)
To insurance agents in Florida, Mr. Gilway may be best known from his former position of chief executive of Maryland Casualty, which is a Zurich Financial Services subsidiary. During his time there (from 1990 – 1998) he managed the commercial division of 1,500 employees. He moved on from there to Zurich North America Canada where he was instrumental in restoring their profitability. Mr. Gilway’s most recent position was President and CEO of Mattei Insurance Services. Mattei is a specialty MGA that provides insurance programs for commercial businesses that are extremely difficult to insure. His full resume can be viewed at community.faia.com/library/162715/1/Gilway_Resume.pdf.
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