Mass. Insurance Veteran Appointed President of The Hospitality Insurance Group

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.