MENLO PARK, Calif., June 7, 2012 /PRNewswire/ -- McGraw Group of Affiliated Companies, which includes the flagship brand Pacific Specialty Insurance Company (PSIC), a leading personal lines specialty insurance company, today announced the appointment of Brian Cohen as Chief Executive Officer. Cohen's appointment is effective immediately.
Cohen joins McGraw from Strategic Growth Advisors (SGA) where he was President and CEO, serving companies in the technology, financial services and insurance industries. Prior to SGA, Cohen led the successful turnaround of global software company Clear Technology. He previously worked at Farmers Insurance as the Senior Vice President and Chief Marketing Officer where he directed a 15,000 person exclusive agent sales force offering an array of insurance products. During his time at Farmers, Cohen served on the Board of Directors of Farmers New World Life Insurance Company and Farmers Financial Services, and also held other senior executive roles.
"Brian's outstanding track record in the insurance industry makes him ideally suited to drive the next stage of the Company's growth," said John McGraw, shareholder. Michael McGraw, another shareholder agreed: "In the increasingly competitive personal insurance industry, we are thrilled that an executive of Brian's caliber has joined the Companies."
In addition to the flagship Pacific Specialty Insurance Company, the McGraw Group of Affiliated Companies includes McGraw Insurance Services, McGraw Powersports Group and Western Services Contract Corporation.
"I am honored to have the opportunity to lead an organization of the Companies' stature and reputation," said Cohen. "PSIC's focused underwriting discipline and commitment to its producers and insureds has enabled the Company's ongoing success in the face of challenging market conditions. I look forward to participating in the next stage of the Group's growth."
Pacific Specialty Insurance Company
A leading personal lines specialty insurance company, PSIC offers personal lines insurance such as automotive, homeowners, dwelling fire, boat, motor home, mobile home and commercial products, and has become the "one spot" that independent brokers and agents can source for all their clients' specialty coverage needs. PSIC holds an A.M. Best A (excellent) rating. It is domiciled in California, and admitted in all states and the District of Columbia.
Carol Roos, Brunswick, 415 671 7676
SOURCE Pacific Specialty Insurance Company