Ridgeland, Miss. – John W. “Billy” Roberts, president and CEO of AmFed National Insurance Co. of Ridgeland, Miss., has retired from the company, effective March 31, 2011, AmFed’s parent company Companion Property & Casualty Insurance Group announced.
Mike Richardson, AmFed’s vice president and chief operations officer, will direct AmFed’s operations, Companion Property & Casualty said. Roberts founded AmFed Companies, LLC, in 1992. The company soon became the largest workers’ compensation managing general agency in Mississippi.
In late 2001, AmFed National Insurance Co. was formed and began writing business on Jan. 1, 2002. AmFed National is currently the largest workers’ compensation writer in Mississippi. Companion Property and Casualty of Columbia, S.C., acquired AmFed in October 2008. AmFed produces premium and premium equivalents of $100 million with a staff of 100.
AmFed has earned an “A” (Excellent) rating from A.M. Best Co.
Roberts earned a bachelor’s degree from Mississippi College and attended the Jackson School of Law. He has achieved designations as Associate in General Insurance and Associate in Management from the Insurance Institute of America, and Chartered Property Casualty Underwriter (CPCU) from the American Institute for Chartered Property Casualty Underwriters Inc.
Roberts’ leadership role began while he was in college, where he served as president of Delta Sigma Phi, an international business fraternity. He also served as president of the Mississippi chapter of the CPCU Society and was inducted into the Mississippi State University Finance & Insurance Department Hall of Fame.
He served as the first chairman of the Mississippi Assigned Risk Pool Advisory Board and currently serves on the Mississippi Workers’ Compensation Commission Advisory Board, the Mississippi Property & Casualty Insurance Guaranty Association Board, and the Mississippi State University Finance & Insurance Department Advisory Board. He also has served as a guest lecturer for the Finance and Insurance departments at both Mississippi State University and the University of Mississippi.