Arbella Insurance Group co-founder celebrates one hundredth birthday

Arbella Insurance Group co-founder celebrates one hundredth birthday

Arbella Insurance Group co-founder celebrates one hundredth birthday | Insurance Business America

Frank Bellotti is a staunch advocate for public service and group engagement

Insurance News


On May 9, a joyous event took over the foyer of Arbella Insurance Group in celebration of the one hundredth birthday of its co-founder and vice chairman, Frank Bellotti (pictured proper).

Hundreds of staff, well-wishers and relations gathered collectively to fete Bellotti on this milestone. Bellotti, a local of Quincy, Massachusetts, who has over seven many years of expertise within the public sector, is a fierce purveyor of public service and group engagement, beforehand working because the state’s Attorney General and as a subsequent lawyer.

Making the most effective out of a tough market

Bellotti performed a pivotal position in forming Arbella — a regional property and casualty insurance coverage firm servicing the New England space — within the Eighties, in lieu of Kemper Insurance Group’s saying its intentions to exit the Massachusetts auto market.

“Fix and set up” premium charges and excessive residual market adjustments led to stricter capability within the space, in addition to the exit of many main nationwide carriers. At the time, Kemper was the third largest auto insurance coverage author within the state, and its withdrawal would have a seismic influence for brokers and insureds alike.

Kemper proposed a $100 million plan to fund a alternative firm, with Arbella — then in non-public follow — becoming a member of forces with John Donahue, a former assistant lawyer common, to get the correct laws handed to not penalize Kemper’s different insurance coverage divisions as a result of its exit.

As a consequence, Arbella was born, and has since grown to change into a virtually $1 billion per yr insurance coverage firm and one of many largest companies within the state.

Bellotti remains to be actively working with the agency as vice chairman and may be seen going into the workplace a number of instances every week to mingle with colleagues and full his duties.

A devotion to the individuals of Massachusetts

In 1962, Bellotti was elected because the Lieutenant Governor of Massachusetts earlier than serving three phrases because the state’s Attorney General, from 1975-1987.

Throughout his tenure in workplace, Bellotti was honoured by the National Association of Attorney Generals twice. He was later awarded the President Lifetime Achievement Award from the affiliation for his lifelong service and steadfast dedication to the lawyer common group.

A momentous celebration

A spirited rendition of “Happy Birthday” resounded by way of the workplace’s halls throughout this birthday festivity, whereas confetti and party hats illuminated the house with a technicolor pleasure.

A triple-layer cake by George Montilio, an area pastry chef and proprietor of Montilios Bakery in Quincy, was created particularly for Bellotti as an emblem of gratitude for his immense contributions to the group.

In different information

In other Arbella news, the corporate just lately appointed Robin Jones as government director of its charitable arm, the Arbella Insurance Foundation.

Jones succeeded Beverly Tangvik, who retired on March 31.

With 18 years of expertise in consulting, Jones has led an unbiased consulting follow that offered advisory and technique providers to a mixture of non-profit organizations and funders. She has additionally served as a employees member and director on non-profit boards.

“I’m thrilled to welcome Robin to Arbella and have her proceed to construct on the wonderful work we have now achieved in our communities over the past 18 years,” mentioned Donahue, the president and CEO of Arbella Insurance Group.

“During her tenure as president of the inspiration, she has overseen tens of millions of {dollars} in charitable donations to a number of hundred completely different charitable organizations yearly, and her influence on the tradition of the inspiration can’t be understated.”

In response to her appointment, Jones mentioned, “I want to thank John and the board for his or her confidence in me. I’m each honored and excited to have the chance to work with such a proficient management group, staff and brokers.

“As we glance forward, the inspiration’s mission stays the identical: to help non-profit organizations and causes that present providers to people in want. Together, we are going to proceed to develop and strengthen our native communities.”



Express your views here

Disqus Shortname not set. Please check settings

20 Best Day Trips From Florence, Italy

20 Best Day Trips From Florence, Italy

Man fatally shot in head in NYC drive-by is believed to be harmless bystander

Man fatally shot in head in NYC drive-by is believed to be harmless bystander