COLUMBUS, Ohio--(EON: Enhanced Online News)--State Auto Insurance Companies President Chairman and CEO Bob Restrepo has been elected chair of the Board of Governors of the Property Casualty Insurers Association of America (PCI). The one-year term began with Restrepo’s election during this week’s PCI Annual Meeting in Boston, Mass.
“At the same time, our industry’s never been better capitalized and never more disciplined. I’m committed to building on the strength of the PCI team and promoting progress on issues that are important to our members and, ultimately, policyholders throughout the nation.”
“PCI is a strong voice for the insurance industry during a time of tremendous challenge,” said Restrepo. “At the same time, our industry’s never been better capitalized and never more disciplined. I’m committed to building on the strength of the PCI team and promoting progress on issues that are important to our members and, ultimately, policyholders throughout the nation.”
Among Restrepo’s objectives for his term are achieving a bipartisan approach to renewing the Terrorism Risk Insurance Act of 2002, and maintaining the industry’s successful state-based regulatory system in the face of threats at the national and international level.
Restrepo is currently chairman of the board of trustees of the Columbus College of Art and Design (CCAD) and a member of the Columbus Partnership. He also serves on the board of directors of the Columbus Chamber of Commerce, The Institutes, the Insurance Information Institute and Nuclear Electric Insurance Limited. Restrepo previously served as chairman of the American Insurance Association, and he and his wife, Mary Frances, served as co-chairs of the 2011 campaign of the United Way of Central Ohio.
About State Auto
State Automobile Mutual Insurance Company, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company and is proud to be a Trusted Choice® company partner. State Auto Mutual is part of the State Auto Group. The State Auto Group markets its insurance products throughout the United States, through independent insurance agencies, which include retail agencies and wholesale brokers. The State Auto Group is rated A (Excellent) by the A.M. Best Company and includes State Automobile Mutual, State Auto Property & Casualty, State Auto Ohio, State Auto Wisconsin, Milbank, Meridian Security, Meridian Citizens Mutual, Patrons Mutual, Rockhill Insurance, Plaza Insurance, American Compensation and Bloomington Compensation. Additional information on the State Auto Group can be found online at http://www.StateAuto.com/.
PCI is composed of more than 1,000 member companies, representing the broadest cross-section of insurers of any national trade association. PCI members write over $195 billion in annual premium, 39 percent of the nation’s property casualty insurance. Member companies write 46 percent of the U.S. automobile insurance market, 32 percent of the homeowners market, 37 percent of the commercial property and liability market, and 41 percent of the private workers compensation market.