FOR IMMEDIATE RELEASE
April 6, 2022
CONTACT: Aaron H. Wallace, Esq., Marketing Director:
TELEPHONE: (407) 278-0281
FLORIDA LAWYERS MUTUAL INSURANCE COMPANY ANNOUNCES CATHY SARGENT AS NEW PRESIDENT & CEO
Sargent, who previously served as Executive Vice President & COO, will lead the A-rated lawyers professional liability insurance company created by The Florida Bar, succeeding William E. Loucks, who will remain on the Company’s Board.
Oviedo, FL — Florida Lawyers Mutual Insurance Company this week announced the election of Cathleen M. Sargent, Esq. as the Company’s President & Chief Executive Officer, effective April 1, 2022.
Sargent, who has overseen the Company’s day-to-day operations as Executive Vice President & Chief Operations Officer from February 2021, succeeds previous President William E. Loucks, Esq., who served as chief
executive for several periods throughout the Company’s nearly 35-year history.
Loucks, a founding member of the Company’s Board of Directors who has served on the Board continuously since 1987, will remain on the Company’s Board of Directors.
Prior to joining Florida Lawyers Mutual, Sargent spent 34 years at Lawyers Mutual Insurance Company of California (LMIC), where she developed decades of leadership experience and expertise in the field of lawyers
professional liability insurance. During her tenure at LMIC, Sargent served as Vice President of Development and Outreach (two years), Vice President of Underwriting & Marketing (19 years) and General Counsel for Claims (13 years).
“I am incredibly honored to lead a mutual insurance company that has the respect of our statewide legal community and has served Florida lawyers for more than 30 years,” said Sargent. “We are in the midst of great momentum as a company, all of it aimed at enhancing service and value to our members, including our first-ever member dividend, a new education library that gives our members 33 hours of cost-free CLE, new easy online payment options, an automatic cyber liability endorsement, and so much more.”
“I am incredibly proud that the Company is entrusting its leadership to
Cathy Sargent,” said Loucks. “I have had the pleasure of witnessing first-hand her outstanding and momentous management of our operations since she first joined us, and I can say with tremendous confidence that
Florida Lawyers Mutual is in great hands.”
“It is a true honor to succeed a leader as effective and beloved as Bill Loucks,” said Sargent. “I look forward to continuing his great legacy in service to Florida lawyers.”
“Ms. Sargent’s knowledge of all aspects of lawyers’ professional liability insurance,” added Ray Ferrero, Jr., Esq., Chairman of the Company’s Board of Directors, “positions Florida Lawyers Mutual for an even brighter future in service of its members. Her appointment further fortifies the Company’s reputation for relationship, strength, and value for the Florida lawyers weinsure.”
About Florida Lawyers Mutual Insurance Company
Created by The Florida Bar so that Florida lawyers would have a high-quality source for professional liability insurance, Florida Lawyers Mutual is the state’s only direct-write lawyers’ professional liability insurer and the only
one created by The Florida Bar. A-rated by AM Best for Excellent Financial Strength and owned by its member lawyers, Florida Lawyers Mutual offers high-quality policy features (including a cyber liability endorsement at no
additional premium cost), valuable membership benefits, and legendary member service. The Company recently declared its first-ever member dividend and launched an extensive library of free CLE for its member lawyers. Learn more or apply for coverage at www.flmic.com.