November 14, 2024 (BOCA RATON, FL)—Richard (Dick) Lavey, NCCI Holdings, Inc. (NCCI) Board Chair and EVP, President, Hanover Agency Markets, The Hanover Insurance Group, today announced that the Board has elected Tracy Ryan as NCCI’s new President and Chief Executive Officer, effective January 6, 2025.
Ms. Ryan will succeed Bill Donnell, the company’s current President and CEO, who is retiring in February 2025. The overlap will provide a smooth transition for the industry and stakeholders. Ms. Ryan is currently President & CEO of Allianz Commercial, North America & Latin America. She also served in various leadership positions during her 27 years with Liberty Mutual Insurance, including most recently as President of Global Risk Solutions, North America. Ms. Ryan received a BS degree in mathematics from Fairfield University and a Master of Arts in mathematics from the University of Colorado Boulder. She is a member of the Casualty Actuarial Society, and former board member for WCRI and for NCCI, where she served as Board Chair from 2016–2018.
Lisa Corless, former NCCI Board Chair and President and CEO of AF Group, headed NCCI's search committee for the CEO position.
"We conducted an extensive nationwide search, looking for someone uniquely qualified for this important role," said Ms. Corless.
"Tracy is a proven leader with deep industry experience who also appreciates the vital role NCCI plays for the industry. And she understands the rich culture and history that make NCCI a special place to work." Ms. Ryan’s 30 plus years of domestic and global insurance experience include executive responsibility for business strategy, customer service, claims management, actuarial oversight, financial management, employee engagement, and strong advocacy for inclusive leadership.
"NCCI is an incredibly special organization," said Ms. Ryan. "For more than one hundred years, it has been the source for trusted information, analysis, tools, and a workers compensation infrastructure that the industry knows it can rely upon. I am humbled and excited to help NCCI carry on this proud legacy." She added,
"I am extremely grateful for the time I spent with Allianz, and for the opportunity to work alongside some of the most talented people in the industry. I wish them continued success."
Chris Townsend, Allianz SE board member and CEO of Allianz Commercial, said,
"Tracy will be missed at Allianz, but we are pleased that she is moving to a highly respected organization where her leadership will benefit the wider industry. We wish her well in her next career steps."
Bill Donnell noted,
"Leading NCCI for the past nine years has been the highlight of my career. I have so much to be thankful for, having had the opportunity to work with so many outstanding individuals. I know Tracy well, and I am confident she will lead NCCI to bigger and better things, and I look forward to working with her through the transition."
Mr. Lavey added his congratulations to Bill and went on to say,
"On behalf of NCCI’s Board and the workers compensation industry, I wish to thank Bill for his tremendous leadership that has evolved NCCI’s culture and positioned the organization for success as it enters its second century of service to the industry. I wish Bill and his wife, Mary, the very best in the years to come, and I am very excited to welcome Tracy to NCCI."
About NCCI
With over 100 years of experience, NCCI serves as the nation’s most comprehensive source for workers compensation data, insights, and solutions. As
The Source You Trust, NCCI's mission is to foster a healthy workers compensation system through its role as a licensed rating, advisory, and statistical organization. NCCI's thought leaders analyze workplace trends and deliver insights to empower informed decision making. Its employees are proud to embrace a culture of inclusion, diversity, and respect for one another.
