IIABCal Past President Stan Loar received the association’s Ramsden-Sullivan Memorial Award last week.
The award is the highest IIABCal gives, and a recipient is said to exemplify the highest caliber of service to the independent agency system, the insurance industry and the community.
Loar is chairman of San Francisco-based Woodruff-Sawyer & Co., a firm he joined in 1976. He served as the firm’s CEO for 13 years before to transitioning to vice chairman of the board in 2008. He became Chairman in 2013.
Loar has 38 years of experience in the insurance industry, and has served in a number of central roles across his career. He has extensive international experience, including working in the United Kingdom and Germany.
He is the incoming chairman of the World Federation of Insurance Intermediaries, a board member of the Council of Insurance Agents & Brokers and an underwriting member of Lloyd’s of London. He also serves on the board of Bermuda captives PAR Ltd. and AGP.
In addition to being past chairman of Assurex Global and its international executive committee, Loar was president of the Western Association of Insurance Brokers and also served as a director of the Insurance Brokers & Agents of the West (later named IIABCal). He was a board member and treasurer of the National Association of Insurance.