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PLM CEO being honored for leadership

10/1/2018
John Smith, president and CEO of Pennsylvania Lumbermens Mutual Insurance Company, will receive the Distinguished Leadership Award from the Insurance Society of Philadelphia.

Every year, at their annual Independence Gala, the Insurance Society recognizes an insurance industry professional for demonstrating exemplary leadership, promoting insurance and associated industries, and providing ongoing support to the community and charitable enterprises.

The event is scheduled for Nov. 14 at the Kimmel Center for the Performing Arts in Philadelphia, Pa.

Smith joined PLM in 1998 as vice president of underwriting. Under Smith’s leadership, PLM has grown from a regional player to a market leader in the “wood niche” of insurance.

PLM insures 6,000 wood-related business in 48 states, developing over $230 million of written premium. PLM assets have grown from just over $100 million with policyholder surplus of $60 million to $540 million and $149 million respectively. Among America’s more than 30,000 wood businesses, PLM is recognized as the premier property casualty insurance provider faithfully serving the wood niche for 123 years.

 
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