Nosh Marfatia to Retire as Dorchester Insurance Company President; Jim Schallert Named as Successor
CALABASAS, Calif.-Topa Insurance Group is pleased to announce that Jim Schallert will be assuming Nosh Marfatia's current position as President of Dorchester Insurance Company, when Mr. Marfatia retires effective June 30, 2016.
"During his tenure, Nosh's conservative underwriting and prudent reinsurance placements allowed Dorchester to withstand several weather-related catastrophes including Hurricane Hugo and Hurricane Marilyn," said John Donahue, President and CEO of Topa Insurance Group. "On behalf of our Board, employees, shareholders, customers and friends, I would like to thank Nosh for all he has done for Topa, and we wish Nosh and Rosario the best in their retirement."
Mr. Marfatias' retirement concludes a distinguished career with Topa that began when he was hired in St. Thomas by John E. Anderson in 1988. Mr. Marfatia said, "It has indeed been a privilege to have worked for and learnt much from our founder John E. Anderson, which continued later with the Anderson family. Their values and ethics have guided me not only in my professional career but also in my personal life and relationships."
Jim Schallert will assume the post as President of Dorchester Insurance Company on July 1st. Mr. Schallert comes to Dorchester with a wealth of insurance experience including serving as the president of several insurance companies as well as a retail agency network. He holds an MSBA in Statistics from University of Denver's Daniel's College of Business, a BS in Mathematics from Colorado State University, a CPCU designation and both an AAM and ARP designation from the Insurance Institute of America.
In his new role, Mr. Schallert will look to further integrate the Dorchester systems into all of Topa Insurance Group operations, implement new imaging and workflow processes, continue to optimize the reinsurance programs, and expand Dorchester's geographic presence.
"It's an honor to carry on Nosh's track record of strong underwriting results," said Mr. Schallert. "I'm excited to be a part of Topa Insurance Group's bright future."
About Dorchester Insurance Company
Dorchester Insurance Company is a property and casualty insurer based in the U.S. Virgin Islands. The company underwrites commercial and personal exposures in the U.S. Virgin Islands and the Netherlands Antilles.
About Topa Insurance Group
Topa Insurance Group is a specialty insurance platform, made up of core company Topa Insurance Company, as well as Topa Insurance Services (USVI) and Dorchester Insurance Company (USVI). The group is led by our Board of Directors, Marion Anderson, Chair, William Anderson, Vice Chair, Judith Munzig, Brenda Seuthe, John Donahue, Michael Day and Judy Mann. Topa Insurance Group is focused on underwriting profits, operation excellence and agility for continuous growth.