Ullico Announces Changes to Board of Directors

Ullico Inc., the only labor-owned insurance and investment company, announced today the addition of three new members to its Board of Directors.

• Martin “Marty” J. Walsh has spent his life fighting for working people, as a labor leader, as a public official and as a private citizen. In 2023, Walsh was appointed as the Executive Director of the National Hockey League Players’ Association. Prior to his appointment, he served as the 29th U.S. Secretary of Labor. During his tenure, Marty brought high-quality job training programs to millions of Americans, strengthened mental health support and access to treatment, and ushered in a historic surge in worker organizing.

• Fredrick D. Redmond, Secretary-Treasurer of the AFL-CIO, was unanimously elected to his position as the highest ranking African American officer in the history of America’s labor movement in June 2022. Redmond has spent his entire life fighting for racial justice in the workplace and throughout communities. Redmond’s path to the federation’s second-highest office began in 1973, when he went to work at Reynolds Metals Co. in Chicago and became a member of the United Steelworkers (USW). In 1996, Redmond joined the USW staff, working with local unions in the Chicago area before accepting a position at the international union’s headquarters in Pittsburgh. For decades, Redmond served the USW in various staff and leadership roles, assisting local unions, developing and conducting training programs, and bargaining contracts.

• James A. Williams Jr. took office as General President of the International Union of Painters and Allied Trades (IUPAT) in September 2021, ushering in a new generation of leadership and a reinvigorated vision for the IUPAT. A fourth-generation glazier from District Council 21/Local Union 252 (Philadelphia, Pennsylvania), Williams began his career with the IUPAT in 1998, was appointed Assistant to the General President in 2002, and served as the Regional Organizing Coordinator for the IUPAT Eastern Region. In 2011, he was appointed to the position of Organizing Director and remained in that role after being elected as General Vice President At Large in 2014.

Ullico also announced that Kenneth E. Rigmaiden, President Emeritus of the IUPAT, has stepped down from the Board of Directors after more than a decade of service.

“We are excited to welcome our new directors to the Board of Ullico Inc. Their wealth of experience and diverse perspectives will contribute significantly to our meeting the mission of Labor’s financial service company,” said Terry O’Sullivan, Chairman of the Board for Ullico Inc. “As we usher in this new chapter, we extend our heartfelt gratitude to Ken Rigmaiden for his dedicated service and invaluable contributions to the American Labor Movement and Ullico over the years.”

“At Ullico, we are thrilled to welcome Secretary-Treasurer Redmond, President Williams and Secretary Walsh, who all have remarkable expertise and proven track records, which helps us serve our affinity,” said Brian J. Hale, President and CEO of Ullico Inc. “Their addition to our Board strengthens our commitment to growth and delivering excellence to our stakeholders.”

About Ullico

The Ullico Inc. family of companies provides insurance and investment solutions for labor organizations, union employers, institutional investors and union members. Founded 95 years ago, the company takes a proactive approach to anticipating labor’s needs, developing innovative financial and risk solutions and delivering value to our clients. Our products are tailored to promote financial security and stability for American workers.

The Ullico Inc. family of companies includes The Union Labor Life Insurance Company; Ullico Casualty Group, LLC.; Ullico Investment Company, LLC.; and Ullico Investment Advisors, Inc. For additional information, visit www.ullico.com.