From Jeanne Cain, State Fund Board of Directors, Chair
I’m pleased to share with you the news that State Fund’s Board of Directors named Tom Rowe president and CEO.
We are confident that Tom will provide strong and visionary leadership and, with the board and executive team, build on the solid foundation established over the past several years. Tom brings extensive insurance industry expertise that will help State Fund continue to provide services that are responsive to our customers’ evolving needs.
Tom joins State Fund from T. Rowe Strategies, a consulting firm serving the commercial property and casualty industry. His experience includes almost 25 years with Fireman’s Fund Insurance Company, where he was the President of the Commercial Insurance Division, as well as senior roles at Arthur J. Gallagher & Co. and Trilogy Insurance Services. Rowe replaces Jan Frank, who left State Fund in October 2009. Doug Stewart, State Fund’s Chief Risk Officer, served as interim president during the transition period.
With executive experience at a national property and casualty carrier, a technology firm that provides insurance solutions to insurance carriers, and a global insurance brokerage organization, Tom brings a rare and valuable perspective to this position - especially for the role of technology in a rapidly changing world.
In addition to his executive experience, Tom has served on the board of directors for Fireman’s Fund, Allianz Insurance Company, the American Insurance Association, and The National Council on Compensation Insurance. He holds a BS in Business Administration from Towson State College and is a Chartered Property & Casualty Underwriter.
Tom demonstrates a keen understanding of the vital role State Fund plays in California ’s economy. Despite the significant economic challenges facing California , State Fund remains financially strong and poised to continue providing California ’s businesses with a strong and stable choice for their workers’ compensation insurance needs.
On behalf of the entire board, I would also like to thank Doug Stewart for stepping in as interim president during a critical time. We’re grateful for his leadership and loyalty. Doug will resume his role as Chief Risk Officer and work closely with Tom to ensure a smooth transition.
Builders Exchanges are a valued business partner, and I look forward to working together to protect and serve California employers and employees.
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Builders Exchanges serve over 20,000 California construction firms through its State Fund Safety Group. Established in 1914 by the state legislature, State Fund is California’s largest provider of workers’ compensation insurance and a vital asset to California businesses. State Fund is completely self supporting and plays a stabilizing role in California’s economy and ensures that all employers have a strong and stable option for their workers’ compensation needs. For more information about the Builders Exchange Group Program contact Scott Leary, Executive Director, at 510-483-8880, or email spleary@beac.com.