Amica Mutual Insurance Company’s board of directors announced that Chairman, President and CEO Robert A. DiMuccio plans to retire at the end of 2022 following 31 years with the company, including 17 as CEO.
The board of directors, with the assistance of an independent advisor, initiated a CEO succession process in late 2021 and expects to name a new CEO during the summer of 2022. DiMuccio will continue through the end of the year and be available to ensure a smooth transition to the new CEO.
“It has been an honor to serve as Amica’s CEO. You’re only as good as the people you surround yourself with, and I’ve been fortunate to work with extremely talented staff and board members who genuinely care about this company,” DiMuccio said in a statement. “Together, we’ve accomplished a lot and navigated some very challenging times—most recently, the impact of the pandemic on our employees and our customers, both of whom were at the forefront of our concern.
“I’m often asked what I’m most proud of,” he continued. “It’s the combined effort of so many people involved in putting the customer first, ensuring that we have the most up-to-date technology to serve them, increasing our brand awareness across the country, giving back to the community through our charitable foundation, and taking care of our employees with benefits that truly make a difference for them and their families. These are just a few of the things that come to mind, but I have to emphasize that these are not my accomplishments. The good people I’ve had the fortune to work with made this happen.”
DiMuccio began his career with the accounting firm KPMG Peat Marwick in Providence, R.I., where he worked for 12 years and earned the position of partner. He joined Amica in 1991 as a vice president in Accounting, was promoted to senior VP and, in 1996, was awarded the additional title of treasurer. He was named chief financial officer in 2001 and executive VP in 2003, before being named president and CEO in 2005. The title of chairman was added in 2008.
DiMuccio also has been an active leader outside of Amica, serving on the board of governors of the American Property Casualty Insurers Association. He’s also past board chair of the Rhode Island Public Expenditure Council. Other boards on which he serves or has served include the Property & Liability Resource Bureau, the Greater Providence Chamber of Commerce, the Washington Trust Company and Crossroads Rhode Island. He has also received the Paul Harris Fellow Award, given by Rotary International for outstanding community service.