Joe Devito
Chief Executive Officer
Joe’s career in the property & casualty insurance industry includes four decades of specialization within the trucking and transportation segments. Joe guided Baldwin & Lyons, Inc. through a period of record premium volume and profits during his tenure as COO (2007-2016) and CEO (from 2010-2016). Joe and his team produced over $1B in total value for shareholders, an average annual compound rate of return of 12%, and consistently produced combined ratios in the fleet trucking specialty in the low 90s.
Joe continues to utilize a hands-on approach in his leadership at DMC, conducting weekly account meetings with executive officers to review and approve all quote proposals. Joe also participates in monthly claim roundtables to evaluate case-by-case claim strategy, handling, and reserving. Joe has an extensive background as a claim manager and developed the DMC’s claim handling protocols at its inception. Overall, adherence to DMC’s stringent claims handling processes is also a central component of the claims roundtable function.
As Baldwin did under Joe’s leadership, DMC has outperformed relative to its competitors in the trucking insurance space.