Reinsurance News

Cincinnati Insurance names Stephen Spray as new Chief Insurance Officer

21st August 2018 - Author: Matt Sheehan

Cincinnati Financial Corporation has announced that Stephen M. Spray is to become the new Chief Insurance Officer (CIO) of its lead subsidiary, The Cincinnati Insurance Company, succeeding outgoing CIO Jacob F. Scherer, Jr., who plans to retire in August 2019.

cincinnati-insurance-logoAdditionally, Cincinnati announced that Sean M. Givler, Senior Vice President – Sales & Marketing, will assume leadership of the company’s commercial lines operations, while Angela O. Delaney, Assistant Secretary – Sales Field, will now lead the company’s commercial lines operations.

Spray is currently Senior Vice President – Commercial Lines at Cincinnati and will assume executive oversight of the company’s property casualty insurance operations in his new role from January 1, 2019.

He has almost 30 years’ experience in the insurance industry, having served as an agent, an underwriter, and a field marketing representative, and previously helped establish Cincinnati’s excess and surplus lines operations, in addition to creating the Target Markets division and leading property casualty sales and marketing.

Steven J. Johnston, President and Chief Executive Officer (CEO) of Cincinnati Financial Corporation, commented: “Steve is ready for this next challenge. Because he’s been in leadership roles across our organization, Steve has a deep understanding of what it will take for us to succeed far into the future. I’m confident that under his direction our property casualty insurance team will continue to strengthen.”

Givler has also held a variety of positions of increasing responsibility over his 20-year career at Cincinnati, having most recently served as the senior executive responsible for relationships with the company’s independent agents and for the execution of its field strategy.

“Sean has been working closely with Steve to undertake a collaborative approach to underwriting both new and renewal commercial lines business,” continued Johnston. “Because of that experience, he’s uniquely qualified to continue building on those initiatives in his new leadership role in commercial lines.”

Delaney was appointed as an officer of Cincinnati Insurance earlier this year and currently overseas field marketing representatives and agency relationships in Idaho, Iowa, Oregon, South Dakota, and Washington.

She began her insurance career in 1988 and joined Cincinnati in 1998, having since held positions of increasing authority and responsibility in the sales field.

“Angie has a keen understanding of the value that our field strategy brings to our independent agents through local decision making and services that augment the agent’s ability to serve their best customers,” said Johnston. “She’ll draw on her sales field experience to continuing building relationships and enthusiasm for our agency-centered model.

“Our leadership team aspires to heighten the company’s competitive points of difference and to achieve industry-leading growth and profitability. Our foundation is strong, giving us every opportunity to keep building and adding value for our shareholders, agents, associates and policyholders.”

Commenting on Scherer’s retirement, Johnston added: “Uniting our property casualty operations under J.F.’s leadership fostered a high level of collaboration that’s allowed our company to advance our growth, our profitability and our service to agents.

“Thanks to his guidance, we have a new generation of leaders ready to keep the company moving forward – leaders who he instilled with the clear understanding of the advantages we earn through our unwavering support of the independent agency system.”

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