Arbella Insurance coverage Group co-founder celebrates one hundredth birthday

Arbella Insurance coverage Group co-founder celebrates one hundredth birthday | Insurance coverage Enterprise America

Frank Bellotti is a staunch advocate for public service and neighborhood engagement

Arbella Insurance Group co-founder celebrates 100th birthday

Insurance News


On Might 9, a joyous event took over the foyer of Arbella Insurance coverage Group in celebration of the one hundredth birthday of its co-founder and vice chairman, Frank Bellotti (pictured proper).

A whole bunch of staff, well-wishers and members of the family gathered collectively to fete Bellotti on this milestone. Bellotti, a local of Quincy, Massachusetts, who has over seven a long time of expertise within the public sector, is a fierce purveyor of public service and neighborhood engagement, beforehand working because the state’s Legal professional Common and as a subsequent lawyer.

Making one of the best out of a tough market

Bellotti performed a pivotal function in forming Arbella — a regional property and casualty insurance coverage firm servicing the New England space — within the Nineteen Eighties, in lieu of Kemper Insurance coverage Group’s saying its intentions to exit the Massachusetts auto market.

“Repair and set up” premium charges and excessive residual market adjustments led to stricter capability within the space, in addition to the exit of many main nationwide carriers. On the time, Kemper was the third largest auto insurance coverage author within the state, and its withdrawal would have a seismic affect for brokers and insureds alike.

Kemper proposed a $100 million plan to fund a alternative firm, with Arbella — then in personal follow — becoming a member of forces with John Donahue, a former assistant lawyer basic, to get the right laws handed to not penalize Kemper’s different insurance coverage divisions attributable to its exit.

Because of this, Arbella was born, and has since grown to turn out to be a virtually $1 billion per 12 months insurance coverage firm and one of many largest corporations within the state.

Bellotti continues to be actively working with the agency as vice chairman and could be seen going into the workplace a number of occasions per week to mingle with colleagues and full his duties.

A devotion to the folks of Massachusetts

In 1962, Bellotti was elected because the Lieutenant Governor of Massachusetts earlier than serving three phrases because the state’s Legal professional Common, from 1975-1987.

All through his tenure in workplace, Bellotti was honoured by the Nationwide Affiliation of Legal professional Generals twice. He was later awarded the President Lifetime Achievement Award from the affiliation for his lifelong service and steadfast dedication to the lawyer basic neighborhood.

A momentous celebration

A spirited rendition of “Pleased Birthday” resounded by way of the workplace’s halls throughout this birthday festivity, whereas confetti and celebration hats illuminated the area with a technicolor pleasure.

A triple-layer cake by George Montilio, an area pastry chef and proprietor of Montilios Bakery in Quincy, was created particularly for Bellotti as a logo of gratitude for his immense contributions to the neighborhood.

In different information

In other Arbella news, the corporate just lately appointed Robin Jones as government director of its charitable arm, the Arbella Insurance coverage Basis.

Jones succeeded Beverly Tangvik, who retired on March 31.

With 18 years of expertise in consulting, Jones has led an impartial consulting follow that supplied advisory and technique companies to a mixture of non-profit organizations and funders. She has additionally served as a workers member and director on non-profit boards.

“I’m thrilled to welcome Robin to Arbella and have her proceed to construct on the superb work we now have achieved in our communities during the last 18 years,” mentioned Donahue, the president and CEO of Arbella Insurance coverage Group.

“Throughout her tenure as president of the inspiration, she has overseen hundreds of thousands of {dollars} in charitable donations to a number of hundred totally different charitable organizations yearly, and her affect on the tradition of the inspiration can’t be understated.”

In response to her appointment, Jones mentioned, “I wish to thank John and the board for his or her confidence in me. I’m each honored and excited to have the chance to work with such a gifted management staff, staff and brokers.

“As we glance forward, the inspiration’s mission stays the identical: to help non-profit organizations and causes that present companies to people in want. Collectively, we’ll proceed to develop and strengthen our native communities.”

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