Philadelphia Insurance Companies has a new chairman and president.

The Pennsylvania-based commercial property/casualty and professional liability insurance company said that its current president and CEO, Bob O’Leary, has taken over as chairman, succeeding Jamie Maguire, who is departing.

Chief Underwriting Officer John Glomb will become the Philadelphia Insurance Companies president.

O’Leary has more than 35 years of experience with the company, holding leadership positions including chief marketing officer. He became CEO in 2013.

Glomb joined Philadelphia Insurance Companies in 2007 as senior vice president of the Management and Professional Liability division. Glomb assumed the chief underwriting officer position in 2011.

Philadelphia Insurance Companies is owned by Tokio Marine North America Inc.

Source: Philadelphia Insurance Companies