Cuba, NY, June 14, 2015 --(PR.com
)-- Allegany Co-op Insurance Company announces the appointment of Byron K. Long to the position of executive vice president, with the expectation that he will assume the position of president upon the planned retirement of current president Randall S. Peters. Prior to that time, Mr. Long will assist Mr. Peters in all aspects of Allegany Co-op’s operations.
Mr. Long joins Allegany Co-op from MMG Insurance Company in Pennsylvania where he has served as regional manager for the past nine years. Mr. Long has also served as the president of the Mutual Inspection Bureau in Harrisburg, Pennsylvania, and has a total of 36 years of experience in the insurance industry.
Duane A. Vaclavik, Allegany Co-op’s chairman of the board, stated, “The board of directors believes the knowledge and experience that Mr. Long brings to the table complements the very strong skill set already within Allegany, and will help our organization to continue growing in a strong and successful manner for many more years to come.”
Allegany Co-op Insurance Company was founded in 1887 and is part of the Allegany Insurance Group, which serves New York and Pennsylvania through independent insurance agents. As of December 31, 2014, Allegany Co-op had assets of $49.3 million and policyholders’ surplus of $31.9 million. It is rated A (Excellent) by A.M. Best Company. Allegany Co-op is headquartered at 9 North Branch Road in Cuba, New York.