Philadelphia Insurance Companies’ (PHLY) News

Insurer Argues Baltimore Not Covered for Employee’s Sexual Abuse of Minors

Philadelphia Indemnity Insurance Co. is asking a federal court to declare that it does not have to indemnify Baltimore officials who have been targeted in a class action that was filed after a former city security guard took photos of …

People Moves: Philadelphia Insurance Promotes 11 to Vice President

Philadelphia Insurance Companies (PHLY) announced the promotion of 11 leaders in its Underwriting, Marketing, Risk Management, Insurance Operations and Human Resources departments: Lynn Bencivenga has been promoted to vice president of Underwriting. Bencivenga joined PHLY in 2021 as part of …

People Moves: Great American P&C Names Thompson President; Philadelphia Insurance Promotes Ricca, Rosencrans, Flowers

Great American Insurance Group announced that David L. Thompson Jr. has been named president and chief operating officer of Great American’s Property & Casualty Group. Thompson will become the 18th president in Great American’s 150-year history, assuming this title from …

Philadelphia Insurance Promotes Glomb to CEO; O’Leary Continues as Chairman

Philadelphia Insurance Companies announced that after 38 years with the company, Bob O’Leary will step aside as chief executive officer at the end of the year. President John W. Glomb is being promoted to CEO effective January 1. O’Leary spent …

Philadelphia Insurance Promotes Cundiff to Lead Surety Division Nationwide

Philadelphia Insurance Companies, a commercial property/casualty and professional liability insurer, announced the promotion of Michael Cundiff from vice president to senior vice president of Surety. Cundiff will succeed Ed Titus, who started the surety division in 2011 and who will …

Philadelphia Launches Pool, Spa Contractors Program

Philadelphia Insurance Companies’ (PHLY) has launched a new Pool and Spa Contractors Program in response to increased demand for pool construction. The PHLY comprehensive package product includes coverage for pool and spa contractors with a single carrier approach. Coverages offered …

Philadelphia Insurance Promotes Decker to SVP of Underwriting

Philadelphia Insurance Companies has promoted James Decker from vice president to senior vice president of Underwriting. Decker will continue to oversee the Sports, Recreation, and Public Service Underwriting divisions in his new role. Decker has worked in the insurance industry …

Philadelphia Enhances Fine Arts Coverage for Museums, Cultural Institutions

Philadelphia Insurance Companies (PHLY) has created new insurance coverage for museums and cultural institutions through a partnership with its sister company, Tokio Marine America (TMA). The partnership gives PHLY increased capacity up to $100 million per location for fine arts …

Philadelphia Launches Cyber Security Liability Endorsement

Philadelphia Insurance Companies’ (PHLY) has launched a new Cyber Security Liability Endorsement that offers both first and third party protection for numerous classes of business. The Cyber Security Liability Endorsement can be added to most PHLY commercial package policies with …