Philadelphia Insurance Cos. named John W. Glomb to succeed Bob O'Leary as chief executive officer.
Glomb previously was president of PHLY. O'Leary, who was with the company 38 years, the past eight as CEO, will continue to serve as chairman of the board, according to a company statement.
“It's been a joy working alongside some of the finest people in our industry,” said O'Leary, who became CEO in 2013 and chairman in January 2020. “PHLY is truly a special company. I've had a lot of fun serving as CEO the past eight years, but now it's time for a new era to begin.”
Glomb joined Philadelphia Insurance in 2007 as senior vice president of the management and professional liability division. He became chief underwriting officer in 2011, after which Philadelphia launched new surety, corporate underwriting, environmental, excess and surplus, and accident and health divisions. The company also expanded operations to enhance underwriting for small businesses.
In 1982 O'Leary joined Maguire Insurance Agency, which in 1987 became Philadelphia Insurance Cos. He helped establish the Northeast region in his hometown of Boston and was part of the team that helped the company expand nationwide and become publicly traded in 1993. Tokio Marine Group acquired Philadelphia Insurance in December 2008.
“I am tremendously excited about the opportunity to lead PHLY's next chapter with the support of our exceptional team. We've shown how resilient we are as a company this year, which fills me with optimism for the future,” Glomb said.