Reno, Nev.-based Employers Holdings Inc. has announced that the company and Martin J. Welch have mutually agreed to the separation of his employment as the chief operating officer and president of Employers Insurance Company of Nevada and the company’s other subsidiaries, effective Feb. 1, 2011. At the present time, there are no plans to fill Welch’s position upon his departure. The business operations reporting to Welch will report to Douglas D. Dirks, president and CEO.
Additionally, Welch has resigned as a member of the company’s board of directors and the boards of directors of all subsidiaries of the company on which he serves, in each case effective Feb. 1, 2011.
Welch’s resignations are in no way the result of any disagreement with the company on any matter relating to the company’s operations, policies or practices, Employers said.
“Marty has had a great impact across the organization over the past six years, first as chief underwriting officer and most recently as chief operating officer,” said Dirks. “Among his many accomplishments, Marty successfully led the integration of Employers and AmComp, Inc. as well as the implementation of the new underwriting system currently used by our insurance subsidiaries.”
Employers Holdings Inc. is a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services focused on select small businesses engaged in low-to-medium hazard industries. The company, through its subsidiaries, operates coast to coast. Insurance is offered by Employers Insurance Company of Nevada, Employers Compensation Insurance Co., Employers Preferred Insurance Co., and Employers Assurance Co., all rated A- (Excellent) by A.M. Best Company.
Source: Employers Holdings, Inc.
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