BOSTON, Sept. 8, 2011 /PRNewswire/ -- Homesite Insurance Company announced the appointment of Andrew A. McElwee, Jr. as Executive Vice President and Chief Underwriting Officer. In this position, he will be part of the executive management team at Homesite, and will be responsible for the underwriting profit of Homesite's personal lines portfolio. He will report to Doug Batting, Homesite's President and Chief Operating Officer.
"I am thrilled to have Andy join our management team at Homesite. He is an accomplished leader, and one of the premier executives in the country in our line of business," said Fabian Fondriest, CEO of Homesite. "I have known Andy for over a decade and I look forward to working with him.
"Andy's leadership and underwriting expertise will provide Homesite with increased capabilities as we continue to grow our business and our partnerships. A seasoned insurance, financial and legal professional with over 25 years of experience, Andy will bring the depth of expertise necessary to drive underwriting results and innovation," said Batting. "I am confident that Andy's depth and breadth of personal lines and industry knowledge will provide Homesite with new capabilities that support our strategic business objectives going forward."
Most recently Mr. McElwee was the Chief Operating Officer of Chubb Personal Insurance (CPI). Under Andy's leadership, CPI grew significantly, to about $4 billion, and consistently generated an underwriting profit. During his 25 years with Chubb, he also managed International Field Operations and Mergers & Acquisitions. Prior to Chubb, Mr. McElwee held positions at Morgan Stanley and Dewey & LeBoeuf. He holds an undergraduate degree from Davidson College and a J.D. from the University of Virginia School of Law. He is currently pursuing an MS in Risk Management from New York University, Stern School of Business.
Homesite is a national, full-service property insurer focused exclusively on the homeowners, condominium and renters markets. Homesite markets products through partnerships with leading providers of financial products which are sold either on a private-label basis or under the Homesite brand. Homesite differentiators include providing technology-based, integrated relationships with Partners, flexible multi-channel sales and servicing capabilities, ensuring industry-leading pricing and exposure management, and ensuring a brand-enhancing customer experience.
For further information, contact:
Jenifer Rinehart, VP Human Resources
617-832-1325 or 617-851-9668
SOURCE Homesite Insurance Company