On January 3, 2011, Edward M. Smith was elevated to Chief Executive Officer of Ullico Inc. after serving as its President since May of 2008. Ullico Inc., founded in 1927, provides insurance and financial solutions for labor unions, union employers, union benefit funds, and union members. Prior to becoming President, Mr. Smith served as Ullico Inc.’s Executive Vice President from January 2007 until May 2008.
Before joining Ullico, Smith had a long and distinguished career at the Laborers' International Union of North America. After joining LIUNA at age 13, he was elected Business Manager of Laborer's Local 773 at age 21. Smith later became International Union Vice President and Midwest Regional Manager serving over 58,000 members. He also served as Assistant to the General President.
Smith formerly served as Chairman of the Illinois State Board of Investment, Chairman of the National Alliance for Fair Contracting, and a member of the Illinois Department of Labor Advisory Board. He has also been a key benefactor to the Therapy Center in Carterville, Illinois which provides free services for children with disabilities.
Smith was the first member of the Laborers International Union (LIUNA) to graduate from National Labor College with a bachelor’s degree. Smith went on to graduate from the Harvard University Trade Union Program. He is now an active board member for the National Labor College, America's Agenda-Healthcare for All, Jobs with Justice, the Council on Competitiveness, and a trustee for the AFL-CIO Staff Retirement Plan.
David J. Barra joined Ullico Inc. as Chief Financial Officer in March 2008. He brings more than 30 years of senior financial management experience with a proven track record of success in all aspects of the corporate finance and accounting sectors.
Mr. Barra joined Ullico from Conseco, Inc. where he held various senior financial positions. Prior to joining Conseco, Barra served as Senior Audit Manager with Price Waterhouse (now PriceWaterhouseCoopers). Barra’s extensive experience includes financial accounting and reporting, financial projections, strategy planning, budgeting, acquisitions, financial systems, internal audit, investments, treasury, actuarial and Sarbanes-Oxley compliance.
He earned his Bachelor of Science in Accountancy from the University of Illinois.
In his time at Ullico, Herbert “Herb” Kolben, Senior Vice President and Chief Real Estate Investment Officer for the Real Estate Investment Group, has overseen the growth of the department from $500 million in 1993 to more than $3 billion today.
Mr. Kolben has more than 35 years of real estate experience. Prior to joining Ullico, he served for several years as senior vice president at MNC Financial Inc. (which was acquired by Bank of America) in Washington, D.C. where he oversaw a $1.9 billion workout (securities) portfolio. Mr. Kolben began his career with First Mortgage Investors REIT in Miami, followed by more than a dozen years as a vice president and senior credit officer with Citibank N.A.
Nationally recognized for his real estate knowledge, Mr. Kolben is a frequent speaker at real estate conferences. Additionally, he is a member of several professional organizations, including the Urban Land Institute, International Council of Shopping Centers and the Pension Real Estate Association.
Mr. Kolben resides in Bethesda, Maryland and is married with two adult daughters. The union movement is in his blood; his father was a member of the International Brotherhood of Teamsters and his mother was a union cashier. Mr. Kolben holds a Bachelor of Commerce and a Masters in Business Administration from Concordia University in Montreal, Canada.
Joseph R. Linehan has been an integral member of the Ullico family of companies since 1984 when he joined the company as a Group Life and Health Underwriter. Since then, Mr. Linehan has held a number of investment management positions with increasing responsibility over his nearly 30 years with the company, including Security Analyst and Money Market Trader. Most recently he served as Vice President responsible for the fixed income and private equity portfolios of the company, managing approximately $600 million in assets.
In August 2011, Mr. Linehan was named President of Ullico Investment Advisors Inc. (UIA). In this role, he is responsible for managing the Investment Services division for Ullico Inc. and for overseeing the investment operations of UIA, including the monitoring and selection of sub-advisors for third party assets.
Mr. Linehan earned his Bachelor of Arts degree in Economics and his MBA in Finance from the University of Maryland, College Park. He holds the Financial Industry Regulatory Authority (FINRA) designations of General Securities Principal (Series 24), General Securities Representative (Series 7), Limited Representative – Investment Banking (Series 79) and Agent (Series 63).
A Washington, D.C. native, Mr. Linehan currently resides in Rockville, Maryland with his wife and three sons.
Patrick McGlone joined Ullico Inc.’s Law Department in 2002, where he was charged with overseeing the company’s litigation matters. His responsibilities later expanded into many other areas, including insurance, commercial and employment law, ERISA and compliance issues. In 2008, Mr. McGlone was promoted to Vice President and Deputy General Counsel. He was appointed Senior Vice President and General Counsel in February 2012.
Before coming to Ullico, Mr. McGlone had been in-house counsel at U.S. Office Products Company and Mobil Corporation. Earlier in his career, he was a commercial litigator at the Federal Deposit Insurance Corporation (FDIC) and the law firm of Hunton & Williams LLP.
Mr. McGlone is active in the American Bar Association and the District of Columbia Bar. He is a member of the Board of Directors of the District of Columbia Bar Foundation and Vice President of the Council for Court Excellence, a non-partisan civic organization dedicated to improving the District of Columbia’s justice system. McGlone also sits on the Board of Directors of Us Helping Us, People Into Living, Inc., a non-profit that provides HIV/AIDS testing, prevention and counseling services to Washington, DC’s African American community. In 2001, he received the Us Helping Us Chairman’s Award. In 2011, Mr. McGlone received the Outstanding Community Service Award of the Washington Metro Area Corporate Counsel Association and in 2012, he was a recipient of a Champions and Visionaries Award from the National Law Journal/Legal Times. Mr. McGlone is a Fellow of the American Bar Foundation.
Mr. McGlone is a graduate of The George Washington University Law School (with High Honors) in Washington, DC and Fordham College (summa cum laude) in New York City. He is the proud son of a longtime Teamsters shop steward and the brother of a trade union member.
Daniel L. Wolak, as President of The Union Labor Life Insurance Company, is responsible for the day-to-day operations of the life and health lines for Ullico. These lines include the company's signature medical stop loss business, group life, and the supplemental insurance line. Prior to his role as president, Mr. Wolak served as vice president and chief actuary of Union Labor Life for three years.
One of his focuses is to respond to the ramifications of the healthcare reform legislation on the company's medical stop loss business, and suggest actions and strategies for the organization to pursue on this front. He leads a work group that includes outside representatives from labor that studies the issues and possible solutions for Ullico as well as labor.
Before joining Union Labor Life, Mr. Wolak served as senior vice president of Group Reinsurance at General Re Life Corporation located in Stamford, Connecticut. He was also vice president and group actuary of American United Life Insurance Company of Indianapolis, Indiana. Earlier in his career, Mr. Wolak was the director of group product development for the Ohio National Life Insurance Company, and served as an actuarial associate in the group practice at Chicago-based insurance provider, CNA.
He has more than 35 years of experience in the insurance industry.
Mr. Wolak is a Certified Life Underwriter (CLU), a fellow, Society of Actuaries and a member of the American Academy of Actuaries (MAAA). In addition to these certifications, he is a current member of the Actuarial Advisory Council for Purdue University. In 2013 he received the Distinguished Science Alumnus award from the Purdue School of Science. Previously, as an elected member of the Society of Actuaries (SOA) Health Section Council, he served a three-year term including one year as the chairperson.
Mr. Wolak was raised in Northwest Indiana where his father was a carpenter and member of the United Brotherhood of Carpenters & Joiners. He earned both his bachelor and master of science degrees in statistics from Purdue University in West Lafayette, Indiana. He is married and has two adult sons.
William Cavanagh is president of the Ullico Casualty Group, Inc. as well as vice president of market development across all business units of Ullico Inc. He joined Ullico in 2008 as a senior executive and from 2011-2013 he served as president of the Ullico Investment Company, Inc.
Mr. Cavanagh has more than 35 years of legal experience, with a particular expertise in labor, Taft-Hartley, fiduciary liability, and multi-employer pension, health and welfare fund issues.
Mr. Cavanagh began his career in Springfield, Illinois in 1979 when he established the labor and ERISA-focused law firm of Cavanagh and O'Hara. Since then, he has represented labor organizations, including international unions, joint councils, district councils and individual local unions. He has represented grievants in court cases, NLRB proceedings and was counsel in the landmark U.S. Supreme Court case Central Laborers' Pension Fund v. Heinz which settled the law regarding employee retirement security for pension funds. Additionally, he has represented over 30 pension funds whose assets exceed $40 billion. Currently, Mr. Cavanagh is of counsel to the Cavanagh and O'Hara law firm.
Mr. Cavanagh holds a Bachelor of Arts degree from Georgetown University in Washington, DC and a Juris Doctorate degree from the John Marshall Law School in Chicago, Illinois. He currently serves on the board of Illinois National Bancorp, Inc. and has previously served on the boards of Southern Illinois University School of Medicine Physicians and Surgeons, Capital Township Board of Trustees and the Board of Reimbursement Appeals, State of Illinois.
He holds the Financial Industry Regulatory Authority (FINRA) designations of General Securities Principal (Series 24), General Securities Representative (Series 7), Agent (Series 63) and is a licensed Producer (Life; Accident, Health or Sickness; Property; Casualty) with the District of Columbia Department of Insurance, Securities and Banking.
Mr. Cavanagh currently resides in Washington, DC with his wife Colleen and daughter, Anna.
Ullico’s experienced management team provides a blend of extensive business expertise with deep knowledge and understanding of unions and their challenges. Fiercely passionate about our labor clients, leadership at Ullico is committed to developing innovative financial & risk solutions and delivering value to clients.