Wadsworth to retire from Preferred; Taft to succeed him as CEO
NEW BERLIN – Preferred Mutual Insurance Company’s chairman and chief executive officer, Robert A. Wadsworth, will retire at the end of 2008, the company announced Thursday. Effective Jan. 1 2009, Preferred Mutual will name Christopher P. Taft as its president and chief executive officer. Taft is currently the company’s president and chief operating officer. Wadsworth will continue to provide leadership to the company and its board of directors as chairman of the board.
Beginning his tenure with Preferred Mutual in 1971, Wadsworth worked his way up through the organization. He was named president and chief operating officer in 1995, president and chief executive officer in 1997, and chairman of the board and chief executive officer in 2006.
Wadsworth holds a degree in political science and economics from Syracuse University, the Chartered Property Casualty Underwriters (CPCU) designation as well as the Certified Insurance Counselor (CIC) designation. Wadsworth is the former chairman of the National Association of Mutual Insurance Companies (NAMIC) and the American Association of Insurance Services (AAIS).
Wadsworth said, “As I step down, I am confident that Chris’ unwavering commitment to the company, our policyholders, agents and employees, will ensure the future growth and success of Preferred Mutual.”
Taft joined Preferred Mutual in 1995 as vice president of financial services. He assumed the position of senior vice president and chief financial officer in 1995, and became president and chief operating officer in 2006 with the responsibility for the strategic direction of the company. Prior to joining Preferred, Taft was with the international accounting firm Coopers and Lybrand.
Taft graduated from Clarkson University with a degree in accounting. He is a licensed certified public accountant. Taft also holds the industry’s CIC designation. He currently serves on the board of directors for American Association of Insurance Services, Commerce Chenango, Guilderland Reinsurance Company and Pathfinder Village.
Preferred Mutual Insurance Company provides property and casualty insurance coverage to individuals and business customers through a network of 450 independent agents throughout New York, New Jersey, Massachusetts and New Hampshire. The mutual insurance company has been in business since 1896 and is headquartered in New Berlin.
Beginning his tenure with Preferred Mutual in 1971, Wadsworth worked his way up through the organization. He was named president and chief operating officer in 1995, president and chief executive officer in 1997, and chairman of the board and chief executive officer in 2006.
Wadsworth holds a degree in political science and economics from Syracuse University, the Chartered Property Casualty Underwriters (CPCU) designation as well as the Certified Insurance Counselor (CIC) designation. Wadsworth is the former chairman of the National Association of Mutual Insurance Companies (NAMIC) and the American Association of Insurance Services (AAIS).
Wadsworth said, “As I step down, I am confident that Chris’ unwavering commitment to the company, our policyholders, agents and employees, will ensure the future growth and success of Preferred Mutual.”
Taft joined Preferred Mutual in 1995 as vice president of financial services. He assumed the position of senior vice president and chief financial officer in 1995, and became president and chief operating officer in 2006 with the responsibility for the strategic direction of the company. Prior to joining Preferred, Taft was with the international accounting firm Coopers and Lybrand.
Taft graduated from Clarkson University with a degree in accounting. He is a licensed certified public accountant. Taft also holds the industry’s CIC designation. He currently serves on the board of directors for American Association of Insurance Services, Commerce Chenango, Guilderland Reinsurance Company and Pathfinder Village.
Preferred Mutual Insurance Company provides property and casualty insurance coverage to individuals and business customers through a network of 450 independent agents throughout New York, New Jersey, Massachusetts and New Hampshire. The mutual insurance company has been in business since 1896 and is headquartered in New Berlin.
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