AUSTIN - ICT presented the Raymond Mauk Leadership Award to Verle Petri, a long time insurance executive and expert on Texas insurance regulation and policy, during the 27th Annual ICT/AFACT Property and Casualty Insurance Symposium in Austin on Friday, July 12. In front of approximately 300 industry executives, government and civic leaders in attendance at the Symposium, the award honors Mr. Petri’s 65 years of service and achievements made during his career.
The Raymond Mauk Leadership Award is considered the insurance industry’s premier business award, recognizing those who have made notable contributions to the Texas property and casualty insurance industry. Petri is the twenty-second recipient of the prestigious award.
Rob Howey, President of Southwest Risk, introduced Petri and described him as “a rare individual who was one of the truly great people in the Texas insurance industry.” Howey added that Petri was always kind, patient, graceful and well-informed.
Petri grew up on a farm in Guthrie County, Iowa, and joined the Navy in 1944 at the age of 17. In 1955, Petri moved to Houston and began his career in insurance as an underwriter with Pacific Employers Insurance Company. Later, he became Marketing Manager for the Pacific Indemnity Insurance Company, which was purchased by Chubb in 1967. As Marketing Manager for Chubb, he played a key role in advocating and working with the former State Board of Insurance, now the Texas Department of Insurance, as well as working on issues related to the Texas Windstorm Insurance Association. Later, Petri was tasked with developing the Government Affairs role for Chubb in Texas. In 2017, Petri retired from Chubb after serving in various management roles and assisting Chubb on critical regulatory issues in Texas.
ICT Executive Director Albert Betts commented, “On behalf of ICT and its board of directors, we are honored to recognize Verle with this leadership award. I had the pleasure of working with him on many different insurance issues over the years. He has always been a man of honor and grace, and a stalwart in the property and casualty industry. More importantly, throughout his career, he set an example of how a professional should carry themselves.”