John Vasturia, president of specialty markets for Princeton, N.J.-based Munich Reinsurance America Inc., has been appointed chairman of the Insurance Industry Charitable Foundation's board of governors after three years of service as a member of the board.

Vasturia succeeds Gary Petrosino, executive vice president and Western U.S. territory field officer at Warren, N.J.-based Chubb & Son.

The Los Angeles-based foundation's board brings together 21 senior insurance industry executives from across the United States and the United Kingdom to manage the organization's growth and foundation fund, and ensure the organization fulfills its mission to the organizations it benefits and the insurance industry. In his role as chairman, Vasturia will oversee the board's work to establish overarching strategy for the organization, which includes four regional divisions in the United States as well as a division in London, which was created in 2015.

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Rosalie Donlon

Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].

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