NATIONAL HARBOR, Md. (Sept. 18, 2023) – The National Association of Mutual Insurance Companies presented its Chair’s Award today to F. Timothy Hegarty Jr., who left a major impact on the mutual property/casualty industry through decades of hard work and leadership before his 2017 retirement from Norfolk & Dedham Mutual Fire Insurance Company.
“We’re thrilled to present this award to Tim,” said Neil Alldredge, president and CEO of NAMIC. “His relentless dedication to excellence, along with his stellar leadership skills, left an impactful legacy on both the industry and NAMIC.”
Hegarty entered the mutual property/casualty insurance industry in 1984, when he moved from head of the Massachusetts attorney general’s insurance division to N&D. He ascended from serving as the company’s vice president of marketing to take over as president, CEO, and chairman in just six years. He made involvement in NAMIC a priority, serving as the association’s 2003-2004 board chair and taking part in dozens of educational and networking events.
“Tim has always been one of the best advocates for mutuals across the country,” Alldredge added. “His influence and input made each of the many boards and organizations he served better. Everyone who knows Tim understands it’s no secret why his career was such a success. He always led his colleagues with strong values, a kind heart, and a keen eye for detail.”
NAMIC also recognized four other individuals during its annual convention for their service to the association and the industry through the NAMIC Service Award:
Geneau Thames, assistant vice president/general counsel & secretary, Harford Mutual Insurance Company
Brian Waller, vice president of government relations, Shelter Mutual Insurance Company
Henry Gibbel, president and CEO, Lititz Mutual Insurance Company
Roosevelt Mosley Jr., principal and consulting actuary, Pinnacle Actuarial Resources
NAMIC membership reflects many of the country’s largest national insurers as well as regional and local mutual insurance companies on main streets across America. NAMIC members write $357 billion in annual premiums and account for 69 percent of homeowners, 56 percent of the automobile, and 31 percent of the business insurance markets.
Article Posted: 09.18.23
Last Updated: 09.18.23