Philadelphia Insurance Names Karen Gilmer-Pauciello New Chief Financial Officer

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Craig Keller retires from position after 21 years with PHLY

Philadelphia Insurance Companies (PHLY), a leading property and casualty insurance company for niche markets, announces the promotion of Karen Gilmer-Pauciello from Senior Vice President & Controller to Executive Vice President, Chief Financial Officer and Treasurer.

“Karen is an exceptional leader with a comprehensive understanding of the financial and regulatory issues in our industry,” commented Bob O’Leary, president and chief executive officer of PHLY. “Her significant contributions have helped develop our financial strength and stability, and shaped PHLY into a leading P&C company.”

In her new role, Ms. Pauciello has responsibility for all financial and tax accounting and reporting, corporate budgeting/planning and treasury activities, and she serves as liaison to the Company's external auditors and investment advisors. She will also serve as Executive Vice President, Chief Financial Officer, and Treasurer of Tokio Marine North America, Inc., the parent company of PHLY, and a wholly-owned subsidiary of Tokio Marine Holdings, Inc. She takes over for Craig Keller who retires after 21 years as Chief Financial Officer of PHLY.

“Craig was a torchbearer for PHLY, guiding the Company through the financial and regulatory waters of our industry. His leadership and integrity helped build a stable balance sheet to propel PHLY's growth into an industry leader,” said O’Leary. ‘We thank him for all that he has done for us and wish him a happy and fulfilling retirement.”

After joining PHLY in 2005 as Vice President & Controller, Ms. Pauciello was promoted to Senior Vice President & Controller in 2009. Prior to joining PHLY, she previously held financial management positions at several insurers, beginning her career as an auditor at Pricewaterhouse Coopers in Philadelphia.

Ms. Pauciello holds a B.S. in Accounting and an M.B.A. (Finance concentration) from LaSalle University in Philadelphia. She is a Certified Public Accountant in the Commonwealth of Pennsylvania and a member of the American & Pennsylvania Institutes of Certified Public Accountants. Ms. Pauciello resides in Wyndmoor, Pennsylvania with her husband and their triplet sons.

Headshots are available upon request by emailing phlypr(at)phlyins(dot)com.

About Philadelphia Insurance

Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. In operation since 1962, the Company, whose commercial lines insurance subsidiaries are rated “A++” (Superior) by A.M. Best Company and “A+” for counterparty credit and financial strength by Standard & Poor’s, is nationally recognized as a member of Ward's Top 50, National Underwriter’s Top 100, and one of the Top 150 Workplaces in America. The organization has 45 offices strategically located across the United States to provide superior service. For more information, please visit http://www.PHLY.com.

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Bill Procopio
Philadelphia Insurance Companies
610-538-2279
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