Philadelphia Financial Group Inc., a leader in the private placement insurance market, today announced the appointment of James Hom as Executive Vice President and Chief Financial Officer to help guide the firm's continued U.S. and international growth. A financial executive bringing over 30 years of experience to Philadelphia Financial, Hom will lead all financial affairs and enhance the organization's strategic capabilities in this expanded position.
"Jim's demonstrated financial leadership at several large corporations and his hands-on business experience will extend our team's depth of expertise as we scale Philadelphia Financial for the next phase of growth," noted John K. Hillman, CEO. "Bringing an executive of this caliber on board enables us to develop and calibrate long-range capabilities designed for organic expansion and further acquisitions," he added.
Hom brings a wealth of financial strategy and leadership experience spanning three decades in the insurance industry, across both the U.S. and international markets. He joins Philadelphia Financial from Metropolitan Life Insurance Company in New York where he served as CFO of the international group since 2007, responsible for all financial management activities in over 50 countries. He had previously held senior level executive positions at AON Corporation, CIGNA Corporation and The Travelers Insurance Group. Hom served for 10 years in Pricewaterhouse Coopers' insurance industry consulting practice after beginning his career with The Hartford Insurance Group.
Philadelphia Financial, headquartered in Philadelphia, Pennsylvania, provides insurance strategies to advisors of high net worth individuals and institutions and is a leader in strategic insurance. Philadelphia Financial principals have significant experience in the complex regulatory issues applicable to this unique product class for high net worth and institutional investors. Philadelphia Financial is a Family Office Association Resource Council Mentor. For more information about Philadelphia Financial, please visit www.philadelphiafinancial.com.