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Former Florida insurance head to take COO post

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Former Florida Insurance Commissioner Tom Gallagher will join People’s Trust Insurance Co. as chief operating officer beginning Feb. 1. 

All company executives will report to Mr. Gallagher, who will also serve on the company’s executive committee, the Deerfield Beach, Florida-based homeowners insurance company said Thursday in a statement. 

Mr. Gallagher was Florida’s chief insurance regulator from 1989-1995 and 2001-2002 and served as the state’s first chief financial officer from 2003-2007. For the past five years, he has been a government and insurance consultant for Sunrise, Florida-based law firm Colodny Fass, which specializes in insurance regulation.

“Tom is exactly the right man for the job and all of us at People’s Trust Insurance are delighted to have him on our team,” CEO George Schaeffer said in the statement. “Tom’s credentials in our industry and our state are second to none and I know he will help lead us to even greater achievements as we meet the needs of our policyholders.”