Joseph Murphy, 39, will join Coverys, a Boston-based provider of medical professional liability insurance, as COO on Jan. 5, stepping down from his current role as Massachusetts insurance commissioner. He replaces retiring COO Jack Donehue, who will remain at the company in a short-term advisory role.
Murphy comes to Coverys after spending most of his career in Massachusetts state government. He has served as insurance commissioner for the past five years and was first deputy commissioner for the three years prior to that.
In addition, he has served in several leadership roles at the National Association of Insurance Commissioners, including chair of the Auto Insurance Study Group and treasurer of the Interstate Insurance Product Regulation Commission.
“Joe brings years of experience in the insurance field both at a state and national level,” Gregg Hanson, Coverys’ CEO, said in a release. “He has a tremendous track record at promoting innovation in the industry, such as his involvement with implementation of health insurance reform and introducing managed competition into the private passenger automobile insurance market.”