People on the Move: Shallcross Named CEO of Amica

People on the Move: Shallcross Named CEO of Amica

Amica Mutual Insurance Company's Board of Directors announced Thursday that Edmund (Ted) Shallcross III has been named the company's next Chief Executive Officer and President, effective Oct. 1, 2022.

He succeeds Robert A. (Bob) DiMuccio, who is retiring after 31 years, including 17 as CEO. DiMuccio will serve as non-executive Chair of the Board until Dec. 31, 2022.

"The selection of Amica's next CEO came after a year-long search process in collaboration with consultant Heidrick & Struggles," said Donald Julian Reaves, Amica's Lead Director. "Ted is the right person at the right time. He has the Board's unanimous support, and we know Amica will continue to thrive under his guidance. Ted brings industry experience, demonstrated leadership skills, a track record of success and extensive knowledge of the company."

GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST

Regarding Shallcross' appointment, DiMuccio said: "I've worked with Ted for the past 15 years. During that time, he has shown himself to be a steady, objective and empathetic leader. I fully support his appointment as Amica's next CEO, and look forward to working with him over the next six months as he transitions into his new role. I retire from Amica knowing that the company is led by a Board and CEO who understand its culture and values, and who are ready to face the challenges ahead."

"It's an honor to succeed Bob at the helm of Amica, and he leaves a legacy of integrity, sound financial management and people-focused stewardship. His leadership and mentorship have been invaluable to me, and his impact has been transformative for Amica," Shallcross said. "Our unmatched service in the insurance industry is driven by a talented team of people across the country who truly care about our policyholders. My goal is to preserve the personal service we're known for, while we prepare to serve tomorrow's generations of customers. I look forward to continuing to work with the talented people at Amica, and positioning the company to grow and thrive over the next 100 years and beyond."