July 25, 2008
CAMICO Mutual Insurance Company
Names Ric Rosario CEO
Visionary CPA and Risk Management Expert to Succeed
Chief Executive John Dodsworth in 2009
REDWOOD CITY, Calif., July 25, 2008--CAMICO Mutual Insurance Company ( www.camico.com ), the nation’s largest CPA-owned provider of professional liability insurance for Certified Public Accountants, today announced that Ric Rosario will become Chief Executive Officer, effective January 1, 2009. Rosario will succeed John A. Dodsworth, CPA, who, in a planned move, will retire June 30, 2009, after having served as CAMICO’s chief executive since the company’s inception in 1986.
Rosario, 50, joined CAMICO in 1992 and has served as a Vice President since 1996 and as an Executive Vice President since 2006. He is now phasing into the CEO role as part of an orderly succession plan mapped out by Dodsworth and the company’s board of directors.
“Ric’s leadership has been an instrumental aspect of CAMICO’s solid growth during the past 16 years, and his vision will ensure the company’s continued guidance and support to our policyholders for years to come,” said Louis J. Barbich, CPA, CAMICO Chairman of the Board.
Rosario, a Certified Public Accountant and Certified Fraud Examiner, came to CAMICO as a risk management specialist when the company was serving 2,300 CPA firms only in the state of California. His foresight and market knowledge combined with that of others to lead CAMICO in its expansion to other states. The company has since grown to serve more than 7,300 accounting firms and 65,000 staff members in 45 states and the District of Columbia.
Rosario’s responsibilities have included advising CAMICO’s member-owners and other CPAs on risk management principles and techniques. His current duties at CAMICO include executive oversight of underwriting, program development, and marketing and communication operations.
His public accounting background is in the audit division of the regional firm of John F. Forbes & Co. He later joined a start-up real estate venture as controller and completed his tenure there as chief financial officer.
Several of Rosario’s articles have appeared in national publications, and he co-authored the CCH-published books CPA’s Guide to Loss Prevention Practices and CPA's Guide to Effective Engagement Letters.
Rosario is a sought-after public speaker who addresses many CPA, insurance and fraud conferences, and he has served as a continuing education lecturer for CPAs. He also has been a part-time lecturer on accounting at Notre Dame de Namur University in Belmont, Calif. Rosario earned a bachelor’s degree in accounting at Saint Mary’s College in Moraga, Calif.
He resides in Foster City, Calif., with his wife, Kathleen, and their four children.
John Dodsworth, a founding board member of CAMICO, will continue to serve on a daily basis until he retires on June 30, 2009. After that, he will continue to be a member of the company’s board of directors.
“Ric and I have worked together very closely for more than 16 years, and I have great respect for his capabilities and very high expectations for CAMICO under his leadership,” Dodsworth said. “Ric has a keen understanding of the challenges faced by accountants, and he has an extraordinary ability to impart knowledge to our policyholders. His business sense and strategic vision have been proven time after time. His appointment as CEO is an exciting and significant step forward for CAMICO, and I look forward to placing the leadership of this company in his capable hands.”
About CAMICO
CAMICO Mutual Insurance Company (www.camico.com) is the nation's largest CPA-owned mutual insurance company and second largest provider of accountants professional liability insurance and risk management services. Sponsored by state CPA societies and associations in Arizona, California, Colorado, Indiana, Kentucky, Mississippi, Missouri, Nevada, New Jersey, New York, South Carolina, Tennessee, Utah, Virginia and Washington, CAMICO serves more than 7,300 accounting firms and 65,000 staff members in 45 states and the District of Columbia.
