Philadelphia Insurance Companies, a Bala Cynwyd, Penn.-based property/casualty and professional liability insurance company for niche markets, announced Tuesday that Robert O’Leary, Jr. has been named the new president and CEO of the company, effective immediately.
O’Leary has been with Philadelphia Insurance for 30 years and most recently served as executive vice president and chief marketing officer.
He succeeds Sean Sweeney, who became CEO in the beginning of 2013 but is stepping down and leaving the company. “Mr. Sweeney is leaving the company for personal reasons. Our succession planning allows us to seamlessly transition and grow successfully as we have over the last 50 years,” Philadelphia Insurance spokesman Bill Procopio said.
O’Leary’s insurance career began in 1977 as an industrial sales representative for American Mutual Insurance Company. Five years later he joined Maguire Insurance Agency (the original marketing name of Philadelphia Insurance Companies) as a regional manager for the New England region. He was named regional vice president in 1986 and managed the Great Lakes area in addition to New England and New York.
In 2006, he was named senior vice president for the eastern territory, and two years later he was promoted to executive vice president of marketing. O’Leary assumed the role of executive vice president and chief marketing officer in January of 2012.
Sweeney has been with Philadelphia Insurance for more than 30 years. He started out as an account executive. In 1993, he helped take the company public with founder James J. Maguire, Sr. and was involved in the successful merger with Tokio Marine in 2008.
Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value-added coverages and services for select industries. The company has been in operation since 1962 and has 45 offices across the United States.