David F. Pauly, chairman and chief executive officer of Capitol Insurance Companies, has advised the company of his intention to retire effective December 31, 2013. Mr. Pauly stepped down as chairman and CEO on August 30, 2013 and will serve as a senior advisor to Capitol, assisting in the implementation of Capitol's recently announced strategic initiative.
Weston M. Hicks, president and chief executive officer of Alleghany Corporation, Capitol's parent company, commented, “It has been a pleasure working with Dave Pauly over the past decade. He has made Capitol a better company by building a strong management team and a solid infrastructure. As a result of Dave's efforts, we believe that Capitol is well-positioned for continued success in the future. On behalf of Alleghany, I want to thank Dave for his significant contributions, and we wish Dave well in his retirement.”
In conjunction with Mr. Pauly's retirement, Stephen Sills was appointed chairman and chief executive officer of Capitol. In addition, Alan S. Ogilvie, currently executive vice president of Capitol, will be appointed president of Capitol's property and casualty operations and report to Mr. Sills. Rick Allen, currently president of Capitol's surety and fidelity operations, will continue to serve in that role and report to Mr. Sills.
Mr. Pauly stated, “Over the past 11 years, it has been a privilege to lead Capitol and work with its talented employees and valued distribution partners. I look forward to further assisting Stephen and Capitol over the next few months as the company implements its new strategic initiative and broadens the product portfolio it provides to its agents.”
Mr. Sills commented, “Capitol benefits from a deep bench of talented leaders and dedicated professionals. Alan and Rick lead strong underwriting teams that will continue to provide outstanding products and service to our agents and policyholders. I look forward to working with them to create a strong diversified specialty insurance company.”
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].