Columbus, Ohio-based insurer, SafeAuto, announced that Ron Davies, former senior vice president with Allstate Insurance Co., will take over as chief executive officer of the company on Aug. 13.
This is the first time SafeAuto has gone outside the company to hire a CEO.
As part of the company’s established transition plan, founders Ari Deshe, chairman and CEO, and Jon Diamond, president and chief operating officer, are stepping away from the day-to-day management of the company. They will remain in a leadership capacity as chairmen of the board of directors.
The company was founded in 1993.
Davies is an experienced business leader at all levels. Most recently, he served as senior vice president of operations for Allstate Insurance Co., where he was responsible for the home and auto product with corresponding pricing in 27 states and approximately $9 billion in premium.
Davies also served in various leadership capacities at ICAT Holdings LLC, a specialty writer of catastrophe exposed commercial and residential property; Progressive Insurance Co.; Security Capital Group, an entrepreneurial real estate firm, and the Kimberly-Clark Corp.
SafeAuto Insurance Co. is licensed in 19 states and employs nearly 1,000 associates in four offices around the country, with annual revenues topping $300 million. SafeAuto provides state minimum auto insurance coverage in 16 states including Ohio, Indiana, Kentucky, Georgia, Pennsylvania, South Carolina, Tennessee, Louisiana, Mississippi, Illinois, Missouri, Arizona, Oklahoma, Kansas and Virginia and Texas.