Allied Specialty Insurance Announces Leadership Changes
TREASURE ISLAND, Florida, November 9, 2018 – Allied Specialty Insurance, Inc., a subsidiary of AXA XL, has announced the retirement of Chairman and President Mary Chris Smith, effective December 31, 2018.
Upon Ms. Smith’s retirement, Kym Tormey, Director of Strategic Operations at AXA XL, will assume interim leadership of Allied Specialty, reporting to Donna Nadeau, Chief Operating Officer for AXA XL’s North America Property & Casualty business which included Allied Specialty. Ms. Tormey brings nearly 30 years of insurance business strategy and operations experience to Allied, having worked closely with the team during its continued integration with XL Group, now AXA XL.
According to Ms. Nadeau, “Mary Chris’ dedication to the amusement and entertainment industry is unrivaled, and, she has built a team that is equally knowledgeable and dedicated to servicing the insurance needs of the industry. Under Kym’s guidance, we look forward to continuing Mary Chris’ vision, helping Allied reach the next level of service excellence and commitment for its dedicated, longstanding clients.”
According Ms. Smith, ”Having grown up in this industry, I have a genuine appreciation of it and a deep-rooted understanding of the risks that entertainment operators face every day. Fortunately, so does my Allied team. Their industry knowledge, underwriting skill and client relationships will continue to drive Allied’s success.”
Ms. Smith has been associated with the amusement industry her entire life. She became involved with Allied in 1992 and assumed leadership of the company in 2004 before selling the company to XL Group in 2016. On a day to day basis, Ms. Smith manages Allied’s production team and represents the company at various industry functions, and through memberships in numerous industry associations. She currently serves on the Board of Directors of the Outdoor Amusement Business Association.
Allied is the leading provider of property and casualty insurance coverage for the amusement and entertainment industry through its specialty insurance company, T.H.E. Insurance Company, its specialty insurance agency, Allied Specialty Insurance, Inc. and its independent brokerage channel. Allied’s 3,000 clients include carnivals, concessionaires, amusement parks, waterparks, fairs and festivals, firework events and family entertainment centers.
About AXA XL
AXA XL1 provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com
About AXA XL1 Insurance
AXA XL1 Insurance offers property, casualty, professional, financial lines and specialty insurance solutions to mid-sized companies through to large multinationals globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com
1 AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. The integration project related to the activities of AXA Corporate Solutions, AXA Matrix, AXA Art and XL Catlin will be subject to legal and social validations prior to its implementation.
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