Michael Browne, president and COO of Harleysville Insurance—a Nationwide
Insurance Company
BRYN MAWR, Pa.--(BUSINESS WIRE)--
Aqua America, Inc. (NYSE:WTR) announced that its Board of Directors has
appointed Michael Browne, president and chief operating officer of
Harleysville Insurance, a Nationwide Insurance Company, to its Board of
Directors.
Aqua America, Inc.'s Board of Directors has appointed Michael Browne, president and chief operating officer of Harleysville Insurance, a Nationwide Insurance Company as its newest member. (Photo: Business Wire)
Browne is an attorney and has 20 years of financial and risk management
and insurance experience including serving as insurance commissioner for
Pennsylvania and chairing the insurance practice group at Reed Smith
LLP. Prior to his current position, to which he was appointed in 2012,
he was president and CEO of Harleysville Insurance Companies. Previously
he spent 20 years at the law firm of Reed Smith LLP where he was most
recently a partner.
Aqua America Chairman Nicholas DeBenedictis said, "Michael's expertise
in financial insurance and risk management will be beneficial to our
company as we continue to grow while striving to maintain our record as
the most efficient water utility." DeBenedictis said, "Areas such as
health insurance, liability insurance, workers compensation insurance
and pension plans are each given great consideration. Michael's
experience in the industry as a CEO and in the cabinet level of
government will also prove to be very valuable."
Browne's federal service in the late 1970s included serving as Special
Assistant and Deputy Under Secretary of Transportation under U.S.
Secretary of Transportation William T. Coleman. He played a key role in
the development of major policy initiatives such as reorganization of
U.S. railroad industry, approval of landing rights for the Concorde, and
implementation of passive restraint requirement (airbags) for
automobiles. Browne also clerked for Eastern District U.S. Justice
Raymond J. Broderick.
Browne earned a bachelor's degree from Princeton University and a juris
doctor from the University of Pennsylvania School of Law. He is a member
of the Pennsylvania Bar. Browne is a member of the board of governors of
the Property Casualty Insurers Association of America, the board of
trustees of The Institutes, and the boards of directors of the Insurance
Information Institute, the Property Loss Research Bureau, the Insurance
Federation of Pennsylvania and the North Penn United Way.
A Vietnam veteran, Browne was decorated with the Bronze Star Medal, the
Combat Action Ribbon, the Vietnamese Cross of Gallantry, the Vietnam
Service Medal, the Vietnam Campaign Medal and the National Defense
Medal. He attained the rank of Captain in the U.S. Marine Corps Reserve.
Aqua America is one of the largest U.S.-based, publicly-traded water
utilities and serves almost 3 million people in Pennsylvania, Ohio,
North Carolina, Illinois, Texas, New Jersey, Indiana, Virginia, Florida
and Georgia. Aqua America is listed on the New York Stock Exchange under
the ticker symbol WTR. Visit www.aquaamerica.com
for more information.
WTRF
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20131010005110/en/
Aqua America, Inc.
Justin Pizzi
Director, Communications
610-520-3608
484-868-5032
jcpizzi@aquaamerica.com
or
Donna
Alston
Manager, Communications
610-645-1095
484-368-4720
dpalston@aquaamerica.com
Source: Aqua America, Inc.
News Provided by Acquire Media
