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Safety Insurance Group Inc (SAFT.OQ)

SAFT.OQ on NASDAQ Stock Exchange Global Select Market

100.90USD
13 Sep 2019
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Summary

Name Age Since Current Position

David Brussard

67 2019 Non-Executive Independent Chairman of the Board

George Murphy

52 2016 President, Chief Executive Officer, Director

William Begley

64 2002 Chief Financial Officer, Vice President, Secretary

David Krupa

58 2011 Vice President - Claims Operations

John Drago

52 2016 Vice President - Marketing

James Berry

59 2015 Vice President - Underwriting

Ann McKeown

52 2015 Vice President - Insurance Operations

Paul Narciso

55 2013 Vice President—Claims

Stephen Varga

51 2014 Vice President - Management Information Systems

Frederic Lindeberg

78 2004 Independent Director

Peter Manning

80 2003 Independent Director

David McKown

81 2002 Independent Director

Thalia Meehan

57 2017 Independent Director

Biographies

Name Description

David Brussard

Mr. David F. Brussard has been Non-Executive Independent Chairman of the Board of the Safety Insurance Group, Inc. since March 31st 2016. Mr. David F. Brussard served as President and Chief Executive Officer ("CEO") of the Company from June 2001 until his retirement on March 31, 2016. Mr. Brussard continues to serve the Company as Non-Executive Chairman of the Board. From January 1999 to March 31, 2016, Mr. Brussard served as the CEO and President of the Insurance Subsidiaries. Previously, Mr. Brussard served as Executive Vice President of the Insurance Subsidiaries from 1985 to 1999 and as Chief Financial Officer and Treasurer of the Insurance Subsidiaries from 1979 to 1999. Mr. Brussard was appointed Chairman of the Board in March 2004 and has served as a Director of the Company since October 2001. Mr. Brussard was also appointed Chairman of the Investment Committee on February 22, 2017. Based upon Mr. Brussard’s significant experience with the insurance industry and his leadership roles in the Company and our insurance subsidiaries since inception, as well as his understanding of the financial, regulatory, corporate governance and other matters affecting public companies, we believe that Mr. Brussard is well qualified to serve as Chairman of our Board.

George Murphy

Mr. George M. Murphy is President, Chief Executive Officer, Director of the Safety Insurance Group, Inc., He was appointed President and Chief Executive Officer of the Company effective April 1, 2016. He previously was the Vice President of Marketing since October 1, 2005. Mr. Murphy was appointed to the Board of Directors and to the Investment Committee in February 2016. Mr. Murphy has been employed by the Insurance Subsidiaries for over 30 years. Mr. Murphy is also on the Board of Trustees of the Insurance Library Association of Boston. Mr. Murphy’s leadership roles in the Company and our insurance subsidiaries which includes developing strong personal relationships with Safety’s network of independent agents along with his understanding of finance, regulation, corporate governance and other matters affecting public companies, well qualify him to serve on our Board of Directors.

William Begley

Mr. William J. Begley, Jr., is Chief Financial Officer, Vice President and Secretary of the Safety Insurance Group, Inc. since March 4, 2002. Since January 1999, Mr. Begley was appointed Chief Financial Officer, Vice President and Secretary of the Company on March 4, 2002. Since January 1999, Mr. Begley has been the Chief Financial Officer and Treasurer of the Insurance Subsidiaries. Previously, Mr. Begley served as Assistant Controller of the Insurance Subsidiaries from 1985 to 1987, as Controller from 1987 to 1990 and as Assistant Vice President/Controller from 1990 to 1999. Mr. Begley has been employed by the Insurance Subsidiaries for over 33 years. Mr. Begley also serves on the Audit Committee and Investment Committee of Guaranty Fund Management Services, and is a member of the Board of Directors of the Massachusetts Insurers Insolvency Fund.

David Krupa

Mr. David E. Krupa, CPCU, is Vice President - Claims Operations of the Safety Insurance Group, Inc. since March 4, 2002. Mr. Krupa was appointed Vice President of Claims Operations of the Company on March 4, 2002. Mr. Krupa has served as Vice President of Claims of the Insurance Subsidiaries since July 1990 and has been employed by the Insurance Subsidiaries for over 36 years. Mr. Krupa was first employed by the Company in 1982 and held a series of management positions in the Claims Department before being appointed Vice President in 1990. Mr. Krupa has served on the Auto Damage Appraisers Licensing Board of Massachusetts and on several claims committees both at the Automobile Insurers Bureau of Massachusetts and CAR.

John Drago

Mr. John P. Drago is Vice President - Marketing of the Safety Insurance Group, Inc. Mr. Drago was appointed Vice President of Marketing on February 1, 2016. Mr. Drago has been employed by the Insurance Subsidiaries for over 24 years and most recently served as Director of Marketing.

James Berry

Mr. James D. Berry was appointed Vice President of Underwriting of the Safety Insurance Group, Inc. in July 2015. He was appointed Vice President of Underwriting of the Company in July 2015, and was named as Secretary of the Insurance Subsidiaries at that time. Prior to that, he served as the Vice President of Insurance Operations since October 2005. Mr. Berry has been employed by the Insurance Subsidiaries for over 37 years and has directed the Company's Massachusetts Private Passenger line of business since 2001. Mr. Berry is the Chairman of the Board of Directors of the FAIR Plan and previously served as the Chairman of that organizations Executive Committee. He has served on several committees of Commonwealth Automobile Reinsurers (“CAR”) including Market Review and Defaulted Brokers and also served on Computer Sciences Corporation Series II and Exceed advisory councils. He also serves on the Executive Committee of the In Control Family Foundation, and is the Chairman of that organizations Finance Committee.

Ann McKeown

Ms. Ann Marie McKeown is Vice President - Insurance Operations of the Safety Insurance Group, Inc. since July 1st 2016. She was appointed Vice President of Insurance Operations of the Company on July 1, 2015. Ms. McKeown has been employed by the Insurance Subsidiaries for over 29 years wherein she has held management positions in the Underwriting, Information Technology, and Insurance Operations departments. Ms. McKeown has served on the Massachusetts Assigned Insurance Plan (“MAIP”) Steering and Operations Committees of CAR.

Paul Narciso

Mr. Paul J. Narciso is Vice President of Claims of the Safety Insurance Group, Inc. He was appointed Vice President of Claims of the Company on August 2013. Mr. Narciso has held various adjusting and claims management positions with the Company since 1990. Mr. Narciso has 32 years of claim experience having worked at two national carriers prior to joining Safety. He currently serves on the Governing Board of the Massachusetts Insurance Fraud Bureau and the Claims Subcommittee at CAR.

Stephen Varga

Mr. Stephen A. Varga is Vice President of Management Information Systems of the Safety Insurance Group, Inc. since August 6, 2014. He was appointed Vice President of Management Information Systems of the Company on August 2014. Mr. Varga has held various information technology positions with the Company since 1992 and most recently served as Senior Director of MIS.

Frederic Lindeberg

Mr. Frederic H. Lindeberg, CPA, is an Independent Director of the Safety Insurance Group, Inc. since August 2004. He has served as a director of the Company since August 2004. Mr. Lindeberg has had a consulting practice providing taxation, management and investment counsel since 1991, focusing on finance, real estate, manufacturing and retail industries. Mr. Lindeberg retired in 1991 as Partner-In-Charge of various KPMG tax offices, after 24 years of service where he provided both accounting and tax counsel to various clients. Mr. Lindeberg is an attorney and certified public accountant. Mr. Lindeberg was formerly an adjunct professor at Penn State Graduate School of Business. Mr. Lindeberg was formerly a director of Provident Senior Living Trust and TAL International Group, Inc. We believe that Mr. Lindeberg’s particular knowledge and experience in a variety of areas, including financial, regulatory, corporate governance and other matters affecting public companies, qualify him to serve on our Board and as Chairman of the Nominating and Governance Committee.

Peter Manning

Mr. Peter J. Manning is Independent Director of the Safety Insurance Group, Inc. since September 2003. He has served as a director of the Company since September 2003. Mr. Manning retired in 2003, as Vice Chairman Strategic Business Development of FleetBoston Financial, after 32 years with FleetBoston Financial Corporation (formerly BankBoston) where he also held the positions of Comptroller and Executive Vice President and Chief Financial Officer. Mr. Manning started his career with Coopers & Lybrand in 1962 prior to his 1972 employment with BankBoston. He currently is a director of the Blue Hills Bank and is a former director of Thermo Fisher Scientific and the Lahey Clinic. Mr. Manning qualifies as an “Audit Committee Financial Expert” as defined by the U.S. Securities and Exchange Committee rules. We believe that Mr. Manning’s many years of experience in finance and accounting in the banking industry provide him with the necessary qualifications to be a director of the Company and Chairman of our Audit Committee.

David McKown

Mr. David K. McKown is an Independent Director of the Safety Insurance Group, Inc. since November 2002. He has served as director of the Company since November 2002. Mr. McKown has been a Senior Advisor to Eaton Vance Management since 2000, focusing on business origination in real estate and asset-based loans. Mr. McKown retired in March 2000 having served as a Group Executive with BankBoston since 1993, where he focused on acquisitions and high-yield bank debt financings. Mr. McKown has been in the banking industry for 53 years, worked for BankBoston for over 32 years and had previously been the head of BankBoston’s real estate department, corporate finance department, and a managing director of BankBoston’s private equity unit. Mr. McKown is currently a director of Global Partners L.P. and various privately held companies. Mr. McKown is also a former director of Newcastle Investment Corp. We believe that Mr. McKown’s extensive accounting, financial structuring, legal, and negotiation skills acquired during his many years in the banking industry provide him with the necessary skills to be a director of the Company and Chairman of our Compensation Committee.

Thalia Meehan

Ms. Thalia Meehan is Independent Director of the Safety Insurance Group, Inc. July 3, 2017. Ms. Meehan has also been appointed to serve as a member of the Investment Committee of the Board. Ms. Meehan, a Chartered Financial Analyst, has over 30 years of experience in the investment sector. Ms. Meehan retired from Putnam Investments in 2016 with 27 years of experience and most recently served as a Team Leader and Portfolio Manager at Putnam Investments. Ms. Meehan currently serves on the Board of the Boston Women in Public Finance and was previously a member of the Municipal Securities Rulemaking Board Investor Advisory Group. Ms. Meehan’s leadership skills and vast experience in the investment sector enable her to provide valuable insight and advice regarding investment decisions and other matter of import to the Company, which we believe well qualify her to serve on our Board.

Basic Compensation

Name Fiscal Year Total

David Brussard

210,050

George Murphy

3,093,690

William Begley

1,671,510

David Krupa

907,706

John Drago

--

James Berry

1,385,550

Ann McKeown

--

Paul Narciso

1,079,260

Stephen Varga

1,100,770

Frederic Lindeberg

155,050

Peter Manning

160,050

David McKown

155,050

Thalia Meehan

150,050
As Of  31 Dec 2018