Mass.-based Coverys, a provider of medical professional liability insurance, named Joseph Murphy as the company’s new chief operating officer, effective January 5, 2015.
In his new role as COO, Murphy will oversee underwriting, marketing and risk management, and will play a pivotal role in the execution of the company’s long-term strategic plan. Murphy replaces retiring COO Jack Donehue, who will remain at Coverys for the period of transition and serve in an advisory capacity to the company.
Murphy, who served as commissioner of insurance for the Commonwealth of Massachusetts for the past five years, also served as the first deputy commissioner prior to that. He served as the chief of Staff for the Joint Committee on Financial Services and as Research Director for the Joint Committee on Insurance for the Massachusetts House of Representatives.
In addition to his work in Massachusetts, Murphy contributed his leadership skills to the National Association of Insurance Commissioners (NAIC) where he served as the chair of the Auto Insurance Study Group and Treasurer of the Interstate Insurance Product Regulation Commission, along with serving on a number of committees and task force initiatives.
Murphy’s hire is the latest in an ongoing period of growth as Coverys continues to expand its geographic territory as well as diversifying its product and service offerings to the healthcare industry.
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