Thomas F. Mulligan, president and chief executive officer, of Western World Insurance Group announced that he is retiring effective Jan. 1, 2015, after 33 years of continuous service.
While Mulligan will continue to participate on the Western World board of directors, Robert J. Livingston, who is currently the chief operating officer and chief financial officer will assume the role of president and chief executive officer.
Livingston has been with Western World for 37 years. He first became an officer of Western World in 1980 when he was elected assistant treasurer, and has held positions of increasing responsibility before being elected to his current position in 2010. He is an active participant in the Property Casualty Insurers Association of America on the Finance Issues committee and the Reinsurance subcommittee.
On Oct. 2, 2014, Western World was acquired by Validus Holdings, Ltd., a Bermuda-based global reinsurance and insurance company. Validus paid $690 million for Western World, a specialty U.S. commercial insurer that offers insurance products on a surplus lines and admitted basis. Western World’s three operating companies are domiciled in New Hampshire and are headquartered in Franklin Lakes, New Jersey.
Source: Western World Insurance Group, Inc., Validus Holdings, Ltd.