Albany, NY – Steven J. Coffey, president and chief executive officer of Broome Co-operative Insurance Company (BCIC), was elected chair of the New York Insurance Association (NYIA) at the association’s Annual Meeting in November in Latham, N.Y. Coffey is serving a one-year term that began Jan. 1, 2016.
Coffey has served on the NYIA board of directors since 2011. He has served as an officer of the association since 2012, most recently as first vice chair.
“I am confident that Steve will prove to be a tremendous asset to the association in his position as chair,” Ellen Melchionni, president of NYIA said. “He is an accomplished leader whose extensive experience in the industry will undoubtedly lead NYIA to even greater success.”
Coffey has held the position of president and CEO of Broome Co-operative Insurance Company since 2008. He has more than 35 years of experience in the insurance industry. He commenced his insurance career at Surety Reinsurance Company. Coffey progressed through various positions to president and chief executive officer in 1981. He has also served in senior management positions at Guy Carpenter, The Hartford and Aon.
Coffey is the past chairman of the New York Insurance Alliance. In addition to serving on NYIA’s board of directors, he has also served on a number of association committees. Coffey studied economics at The College of Brockport State University of New York.
Broome Co-operative Insurance Company is a regional property and casualty insurer located in Vestal, N.Y. The company was founded in 1887 and today writes a wide variety of personal and business lines of insurance. BCIC is rated A’ (A Prime) Unsurpassed by Demotech, Inc.
The New York Insurance Association (NYIA®) is a state trade association that has represented the property and casualty insurance industry for more than 130 years.