AUSTIN, TX – March 23, 2017 – Lighthouse Management, LLC announces that Scot Moore has been promoted to President of Lighthouse Property Insurance Corporation, effective April 1, 2017. Moore joined Lighthouse as Executive Vice President in 2013, and is a veteran of the insurance industry having served in various roles over the years with other carriers including Vice President of Accounting and Chief Financial Officer.
Moore is a Certified Public Accountant (CPA) and member of both the American and Florida Institutes of Certified Public Accountants. Additionally, he holds a variety of insurance industry designations including the ARe, AIAF and ARC. Prior to joining Lighthouse, he served as CFO for St. Johns Insurance Company.
Moore succeeds current President, Patrick White, who recently acquired a majority ownership stake in Prepared Holdings, LLC and its wholly-owned subsidiaries including Prepared Insurance Company. White acquired Lighthouse in 2010 and has served on the board since 2011. White is maintaining his ownership in Lighthouse but will step down as President and Chairman after four years in the role.
As President, Moore will lead a team of industry professionals delivering homeowners insurance through independent agents in Louisiana, Texas, North Carolina and South Carolina. Lighthouse, a Louisiana domiciled carrier headquartered in Austin, Texas, finished 2016 with approximately $90 million of premium and just over $23 million of policyholder surplus.
“Working closely with Scot and building the Lighthouse team over the past four years is my proudest achievement in the industry so far. His experience, dedication and expertise make him the perfect fit to lead the Lighthouse organization into the future. I am excited for Lighthouse’s continued success and look forward to getting Prepared onto the same track,” said White in regards to the succession and acquisition.
Patrick White announced his acquisition of Prepared on March 10, 2017. He will take over as Chairman and CEO of Prepared, and Eric Gobble will continue as President and Chief Risk Officer. Prepared writes approximately $60 million of Florida residential insurance premium through a network of over 500 independent insurance agents. They ended 2016 with $20.1 million in capital surplus, remaining flat year over year despite a challenging market environment in Florida. The company plans to increase surplus to $25 million by mid-year 2017 to fuel multi-state expansion growth.
ABOUT LIGHTHOUSE MANAGEMENT, LLC
Lighthouse Management, LLC is a licensed MGA representing Lighthouse Property Insurance Corporation (Lighthouse). Lighthouse is an admitted property and casualty insurance company authorized to write in Louisiana, South Carolina, North Carolina and Texas. Lighthouse sells and distributes its policies only through licensed, professional independent agencies, and is assigned a Financial Stability Rating of A, Exceptional, from Demotech, Inc. For more information about Lighthouse, please visit the company website at www.lighthouse.insurance.