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Safety Insurance Group Inc (SAFT.OQ)

SAFT.OQ on NASDAQ Stock Exchange Global Select Market

79.75USD
12 Dec 2017
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Summary

Name Age Since Current Position

David Brussard

65 2016 Non-Executive Chairman of the Board

George Murphy

50 2016 President, Chief Executive Officer

William Begley

62 2002 Chief Financial Officer, Vice President, Secretary

David Krupa

56 2011 Vice President - Claims Operations

John Drago

50 2016 Vice President - Marketing

James Berry

57 2015 Vice President - Underwriting

Ann McKeown

50 2015 Vice President - Insurance Operations

Paul Narciso

53 2013 Vice President—Casualty Claims

Stephen Varga

49 2014 Vice President - Management Information Systems

Thalia Meehan

2017 Director

Frederic Lindeberg

76 2004 Independent Director

Peter Manning

78 2003 Independent Director

David McKown

79 2002 Independent Director

Biographies

Name Description

David Brussard

Mr. David F. Brussard has been Non-Executive Chairman of the Board of the Company since March 31st 2016. He 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, CPCU, has been appointed as President, Chief Executive Officer of the Company., 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 28 years. Mr. Murphy’s leadership roles in the Company and our insurance subsidiaries which included 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 Company since March 4, 2002. Since January 1999, he 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 31 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 is Vice President of Property Claims of the Company since March 4, 2002. He has served as Vice President of Claims of the Insurance Subsidiaries since July 1990 and has been employed by the Insurance Subsidiaries for over 34 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 Company. Mr. Drago has held various marketing and customer service positions with the Company since 1994 and has served as Director of Marketing since 2005.

James Berry

Mr. James D. Berry was appointed Vice President of Underwriting of the Company in July 2015. He 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 1, 2005. Mr. Berry has been employed by the Insurance Subsidiaries for over 35 years and has directed the Company’s Massachusetts Private Passenger line of business since 2001. Mr. Berry is on the Board of Directors of the Massachusetts Property Insurance Underwriting Association (“FAIR Plan”). He has served on several committees of Commonwealth Auto Reinsurers (“CAR”) including Market Review and Defaulted Brokers. Mr. Berry has represented Safety on the Computer Sciences Corporation Series II and Exceed advisory councils.

Ann McKeown

Ms. Ann M. McKeown is Vice President - Insurance Operations of the Company since July 1st 2016. She has been employed by the Insurance Subsidiaries for over 27 years wherein she has held management positions in the Underwriting, Information Technology, and Insurance Operations departments. Ms. McKeown has served on the MAIP Steering and Operations Committees of CAR.

Paul Narciso

Mr. Paul J. Narciso is Vice President of Casualty Claims of the Company since August 5, 2013. He has held various adjusting and claims management positions with the Company since 1990. Mr. Narciso has 26 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.

Stephen Varga

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

Thalia Meehan

Ms. Thalia Meehan is Director of the Company. Ms. Meehan, a Chartered Financial Analyst, has over 30 years of experience in the investment sector. Most recently, Ms. Meehan served as a Team Leader and Portfolio Manager at Putnam Investments, where she previously held other positions such as Head of Municipal Credit Research and Senior Credit Analyst. Ms. Meehan retired from Putnam Investments in 2016 with 27 years of experience. 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 graduated from Williams College with a B.A. in Mathematics.

Frederic Lindeberg

Mr. Frederic H. Lindeberg is an Independent Director of the Company 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 s 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 company 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 Company 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 52 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., Newcastle Investment Corp., and various privately held companies. 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.

Basic Compensation

Name Fiscal Year Total

David Brussard

539,027

George Murphy

2,934,870

William Begley

1,580,840

David Krupa

924,312

John Drago

--

James Berry

1,263,570

Ann McKeown

--

Paul Narciso

997,382

Stephen Varga

--

Thalia Meehan

--

Frederic Lindeberg

137,060

Peter Manning

142,060

David McKown

137,060
As Of  31 Dec 2016