Mr. Welch will assume his new role in early 2018
The Hospitality Insurance Group has a new president. The company has announced that Massachusetts insurance veteran, Richard (Dick) E. Welch, Jr. has been selected to succeed John W. Tympanick. Mr. Tympanick announced his retirement from HIG earlier this fall, after serving as president for the past 26 years.
In commenting on the selection of Mr. Welch, Bill McGrail, Chairman of the Board of Hospitality Insurance Group said, “We are fortunate to have a person of Dick’s caliber on board and are confident he will bring the company the leadership it will need in the coming years.”
Mr. Welch will assume his new position in January of 2018.
Bringing decades of experience to his new position
A well-known and respected insurance professional with Massachusetts, Mr. Welch also brings a wealth of experience to his new position. In particular, a strong and established track record in directing insurance operations, financial management and strategic planning.
Prior to joining HIG, he was most recently the Vice President of Corporate Planning for The Concord Group of Insurance Companies in Concord, New Hampshire. He is also the Founder and Principal of REW Insurance Consulting Services as well as having been the President and CEO of the Premier Insurance Company of Massachusetts for 11 years.
In addition, he also is a former member and Chairman of the CAR Actuarial Committee,Massachusetts Property Insurance Underwriting Association, and Center for Industrial Mathematics and Statistics at Worcester Polytechnic Institute. Mr. Welch also has served on the Board of Directors at Premier Insurance Co of Massachusetts, First Floridian Auto and Home Insurance Company, and First Trenton Indemnity Company.
“I am excited to be joining a strong team and a quality organization at Hospitality Insurance Group,” says Welch. “I look forward to working together with the HIG team and its agents to continue growing the business by providing superior protection and outstanding service to the hospitality industry.”
A graduate of Columbia University in New York., Mr. Welch resides in Holden along with his wife, Lori.