Ray Harkins to Retire as Executive Vice President and Chief Underwriting Officer Reinsurance; Bob King Named as Successor

Business Wire

ST. LOUIS--(BUSINESS WIRE)-- Safety National Re announced today that Ray Harkins will retire as Executive Vice President and Chief Underwriting Officer Reinsurance. Bob King has been appointed to succeed him as Senior Vice President and Chief Underwriting Officer Reinsurance.

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Ray Harkins, Safety National Re (Photo: Business Wire)

Harkins retires after an accomplished 44-year career in reinsurance and insurance. At Safety National, he provided leadership over all assumed reinsurance business since 2009. Harkins has been instrumental in the unit’s growth and success over that period, conceptualizing a rebrand of the division as Safety National Re, leading diversification of offerings, expanding field presence and leading the division to produce $2 billion in cumulative earned premium.

King joined Safety National in 2012 as Vice President of Treaty Reinsurance, leading a team responsible for the production and underwriting of casualty treaty reinsurance opportunities. Throughout his time at the organization, he has provided significant strategic guidance to the reinsurance group. He was appointed to Safety National’s Senior Management Team and named Senior Vice President of Safety National Re in 2020. King’s prior experience includes senior positions in a number of reinsurance companies in addition to a senior leadership role in the workers’ compensation specialty practice group for a global reinsurance broker.

“On behalf of the company, I would like to express deep gratitude to Ray Harkins for his leadership and strategic contributions that have helped to make Safety National Re the market leader that it is today,” said Duane Hercules, President of Safety National. “With Bob King taking the lead, I have never been more optimistic about our future outlook, including our unwavering ability to provide long-term reinsurance solutions to our valued partners with that trademark relationship-focused, solution-oriented approach they have come to appreciate from Safety National Re.”

King’s new appointment became effective on July 1, 2020. Harkins will remain in an advisory capacity until August 7, 2020.

Safety National Re offers a variety of reinsurance solutions, including lead market terms for a full range of workers' compensation excess of loss products, casualty clash and contingency programs, general casualty programs with significant workers' compensation exposure and specialty casualty programs for niche portfolios. Safety National Re is a division of Safety National Casualty Corporation, which is backed by parent company Tokio Marine Holdings. Safety National is rated A+ (Superior), FSC XV by A.M. Best and A+ by Standard & Poor’s.