To facilitate a smooth transition of leadership within the company's underwriting unit
NYMAGIC, an insurance holding company, has entered into a consulting agreement with Mark Blackman extending through December 31, 2010. The announcement was made by the president and CEO of the firm, George Kallop.
According to NYMAGIC, the consulting agreement is intended to facilitate a smooth transition of leadership within the company’s underwriting unit. Mr. Blackman has recently resigned as chief underwriting officer of the company to pursue other interests. He served NYMAGIC for 32 years.
Mr. Blackman thanked management and the board for the opportunity to assist in this process and stated that Tim McAndrew and Ed Skoch are excellent successors who, along with Glenn Yanoff, head of the company’s MMO Agencies unit, will oversee the future growth of the company’s underwriting business, said the company.