The Property Casualty Insurers Association of America (PCI) has elected Duff Wallace, president and chief executive officer of Southern Farm Bureau Casualty Insurance Co., to its board of governors.
Wallace assumed the responsibilities of president/CEO of Southern Farm Bureau Casualty in January. Although new to this position, Wallace has spent his entire 30 year career with the Southern Farm Bureau family.
After graduating from LSU with a degree in accounting, he was hired by Louisiana Farm Bureau Mutual Insurance Co. as a staff accountant in January of 1984. While in that position he obtained his CPA and was promoted to senior accountant.
In 1990 the Farm Bureau Mutual Insurance Company of Arkansas Inc. named him accounting manager. Wallace served in that capacity until 1998 when he was then appointed vice president and general manager of the insurance operations for the state of Arkansas. In May 2013 he was chosen as the president/CEO-elect of Southern Farm Bureau Casualty and assumed full responsibilities in January 2014.
PCI is composed of more than 1,000 member companies writing $195 billion in annual premium, 39 percent of the nation’s property/casualty insurance.