Prime Insurance Company welcomes new SVP for operations

Prime Insurance Company welcomes new SVP for operations | Insurance Business America

Insurance News

Prime Insurance Company welcomes new SVP for operations

She will also act as strategic adviser to the CEO

Insurance News

By
Kenneth Araullo

Prime Insurance Company has announced the appointment of Peggy E Day (pictured above) as its executive senior vice president of operations and strategic advisor to the CEO.

Day brings over 30 years of executive experience in the insurance industry to her new role, where she will contribute to the company’s strategic vision and support the evolution of its operating systems to accommodate ongoing changes and revenue growth.

Before joining Prime, Day held a senior position at Distinguished Programs, where she played a key role in the establishment and success of the energy transition initiative, which achieved $175 million in gross written premiums over three years.

Prior to that, she worked at Breckenridge Insurance Services in New York, where she managed the development of property and casualty business, secured capital, negotiated reinsurance capacity, and fronting arrangements, while reporting directly to the CEO.

Rick J Lindsey, president, CEO, and chairman of Prime Insurance Company emphasized Day’s significance to the company during this period of growth.

“Prime continues to disrupt the insurance industry by providing solutions and options to the marketplace, and Peggy’s expertise aligns with our plan for growth and profitability,” he said.

Prime Insurance Company is an A.M. Best A-Rated (Excellent) excess and surplus lines carrier, offering customized liability coverage solutions across all 50 states.

In March, the E&S surplus lines carrier also sealed a legal victory in the Eastern District of Louisiana’s United States District Court, finalizing the proceedings involving a 10-car train.

The claim featured brothers who operated the train that hit a Prime-insured tractor-trailer at a railroad crossing that was signaling actively at the time of the accident. Prime successfully settled with the engineer, while the conductor claimed to have suffered a shoulder injury requiring surgery.

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