FCIA Management Company, the trade credit and political risk insurance arm of the Great American Insurance Company, has named Philip Lally as its new president, replacing Lindley Franklin.

Lally joined FCIA in 1991 as vice-president and treasurer, and was promoted to executive vice-president in 2000. With more than 20 years’ experience in senior insurance roles, Lally is also a certified public accountant (CPA). He previously worked for Deloitte before joining the company.