Chesapeake Employers’ Insurance Company, Maryland’s leading workers’ compensation insurer, announces that Chesapeake’s CEO Thomas Phelan has shared with the Board of Directors his intention to retire in 2023.
Chair of the Board Suzanne Thompson spoke on behalf of the Board of Directors: “We would like to express our appreciation for Tom’s strategic vision and leadership as CEO over the last 15 years and his innumerable contributions to the organization, deep commitment to workers’ safety and recovery, and devotion to Chesapeake’s people and causes throughout his 32-year career with Chesapeake and its predecessor, the Injured Workers’ Insurance Fund. Among his many achievements, Tom skillfully led the separation of Chesapeake from IWIF, built a solid financial foundation for the company that has been recognized through an A rating from AM Best, and markedly enhanced Chesapeake’s community impact.”