Philadelphia Insurance Companies, a commercial property/casualty and professional liability insurance company for niche markets, announced the promotion of two vice presidents to senior vice president.
Sam Garro is now senior vice president of Compliance and Patrick Walton assumes the position of senior vice president of Underwriting.
Garro joined Philadelphia Insurance in 2012 as vice president of the Compliance Department. He has been responsible for managing the work of the various units in the department including product development, agent licensing, and underwriting audits.
The Compliance Department that Garro manages oversees product development, state filing, product/system support, statistical reporting, producer appointments, underwriting audits, DMV reporting, regulatory notice issuance, and product implementation. He also is a liaison for the company in market conduct exams.
Garro has worked in the insurance industry for over 27 years and also teaches workshops on behalf of the Insurance Society of Philadelphia. He is currently Mid-Atlantic regional president of the Association of Insurance Compliance Professionals. He also holds the CPCU designation.
Walton joined Philadelphia Insurance in 2013 as vice president of Corporate Underwriting. He is responsible for the placement of reinsurance treaties and managing the facultative reinsurance process. He has also directed catastrophe modeling and aggregate management, quarterly property portfolio optimization updates, and the underwriting analysis unit.
Walton has spent 30 years in insurance and reinsurance. He began his career as an actuary and has held various insurance and reinsurance underwriting roles with national and global insurance firms. He is a Fellow of the Casualty Actuarial Society.
In operation since 1962, Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products and services for select industries. Philadelphia Insurance Companies is based in Bala Cynwyd, Pennsylvania, and has 50 offices across the U.S.