The Local Government Insurance Trust, primary insurance carrier for local governments across the state, will conduct an Executive Director Search in the months ahead, and is seeking executive search firms to assist in that process.
LGIT is the member owned Trust that serves county and municipal governments across Maryland with stable, predictable, coverage and excellent member service.
LGIT’s Executive Director Tim Ailsworth plans to retire from his position in 2022, and the Trust is beginning the process of securing a successor in that role. A Request for Proposals from potential search firms has been released, with deadlines of November 30 for questions about the RFP, and December 15 for proposals.
MACo has endorsed LGIT coverage and services since its inception in the 1980s. From the LGIT website, some perspective on the mission and role for a member-owner insurance trust:
The private insurance market runs in hard and soft cycles. During a soft cycle, insurance is relatively cheap and easy to acquire. During a hard cycle, insurance is very expensive and hard to obtain because insurance companies tend to view local government losses as risks that are undesirable or unpredictable. In the hard cycle of the late 1980s, a majority of Maryland towns, cities and counties suffered from the high cost of insurance premiums and loss of insurance coverage. Because of the existence of LGIT, Maryland local governments know they now have coverage available to them at stable rates and predictable costs – regardless of private insurance industry cycles.