People – East

Dr. Therese M. Vaughan stepped down from her post as chief executive officer of the National Association of Insurance Commissioners (NAIC) at the end of November. In August, she announced plans for transitioning out of the job in early 2013, but has decided accelerate her departure. “I have been privileged to support the regulators and staff of the NAIC for nearly four years, and it is with mixed feelings that I am leaving,” said Vaughan. “Since the August announcement, however, it has become clear that an extended phase-out is unnecessary, and the organization is well-positioned to carry our progress forward.”

Vaughan has served as NAIC CEO since February 2009. During her career, she served as Iowa insurance commissioner and is a past NAIC president. In addition, she has held a variety of positions in academia and regulation.

The NAIC is conducting a national search for a new CEO. Meanwhile, the NAIC Executive Committee named Andrew Beal as acting CEO following the departure of Vaughan. Beal has been with the NAIC for 13 years and has been serving as the chief operating officer and chief legal officer.

Lloyd’s, the world’s specialist insurance market, appointed Glenn Dorr as director of Lloyd’s America’s Northeast region. The Northeast region is one of four established by Lloyd’s America in late 2010 to reinforce Lloyd’s commitment to its distribution partners.

As a leading provider of natural catastrophe capacity in this part of the country, Lloyd’s also writes a wide range of management liability, professional liability and other specialty lines on an open market basis and through binding authorities extended to more than 200 coverholders.

Dorr, who joins Lloyd’s from HCC Specialty, has more than 20 years of experience in the standard and surplus lines segments. Dorr will be based in the Boston area and be responsible for market development activities in an 11 state region. Lloyd’s stakeholders in this region include retail, wholesale & reinsurance brokers, program managers, MGA’s, risk managers and the organizations that support them.

Marsh, the insurance broking unit of N.Y.-headquartered Marsh & McLennan Cos., appointed David Moylan to lead its newly-created global surety practice. Moylan has been with Marsh for over 25 years, the last five of which he served as chairman of the surety practice in Marsh’s international division. He will continue to be based in Washington, D.C. Surety is a credit instrument known as a bond guarantee.

Marsh & McLennan Cos. appointed Keith Walsh as vice president, head of investor relations. Walsh joins Marsh & McLennan from Citi, where he spent 13 years as an equity research analyst, covering the insurance sector. Most recently, he was responsible for coverage and analysis of 21 publicly-traded P/C insurance brokers and underwriters.

Hartford, Conn.-based SPARTA Insurance Co. appointed Tom Colosi as senior vice president of underwriting. Most recently, Colosi led The Hartford’s countrywide group captive program business.

Colosi is a commercial insurance industry veteran specializing in alternative risk, commercial programs, and national accounts. In addition to The Hartford, Tom previously held management positions at Travelers, Kemper, and Liberty Mutual.

First National Insurance Agency, a unit of First National Bank of Pennsylvania, hired Michael Barbarita as managing director and chief operating officer. Barbarita will oversee marketing, risk management services and bonds across the firm’s three-state market presence that includes Pennsylvania, Ohio and West Virginia.

He will be based at the firm’s headquarters in Pittsburgh. Previously, he spent three decades with Marsh USA Inc. in a variety of capacities. He had served as Marsh USA’s East Central partnership leader with responsibility for offices in Ohio, Kentucky and Pennsylvania, and as office head for the company’s Pittsburgh office.