Matthew C. Mosher has held several management roles since joining AM Best in 1995 including CEO of AM Best Asia-Pacific Ltd. in Hong Kong and co-CEO of AM Best's Singapore industry. (Photo: AM Best)

AM Best announced that Larry G. Mayewski will retire from his position as chairman, president and CEO of AM Best Rating Services Inc. at the end of the year. Matthew C. Mosher, currently executive vice president and chief operating officer, will succeed Mayewski and assume the role of president and CEO of AM Best Rating Services on July 1, 2019.

As part of the transition in responsibilities, Mayewski will assume the role of executive director at AM Best Rating Services and remain as chairman of the board for the remainder of the year.

Additionally, James Gillard will succeed Mosher as executive vice president and chief operating officer of Am Best Rating Services. Gillard has been with the company since 2008 and has spent the past four years leading the enhancements of AM Best's rating methodology and rating tools.

Past and present collide

Mosher held several management roles since joining AM Best in 1995 before assuming his current responsibilities, as well as being the CEO of AM Best Asia-Pacific Ltd. in Hong Kong and co-CEO of AM Best's Singapore industry. With this new role, he will also be responsible for AM Best's Europe-based subsidiaries in London and Amsterdam.

Mayewski started at AM Best in 1981 as a financial analyst, joined the board of directors in 1992, and in 2000, became executive vice president and chief rating officer, with oversight for the life and health, property & casualty and international rating divisions. He moved to his current role with the establishment of the credit rating agency subsidiary in January 2016.

“As we transition to the next chapter, I have great confidence in the strength of our team as AM Best meets head-on the current challenges of increased regulation of credit rating agencies while recognizing the need for innovation amid and evolving insurance market,” Arthur Snyder III, chairman, president and CEO of Am Best Company Inc., said in a statement. “Under Matt's leadership, I believe the organization is well-positioned for continued success.”

Related:

Special Reports /

Longtime executive set to retire, new replacement named at AM Best

Related Stories

Recommended For You