Reinsurance News

Great American announces leadership succession within Specialty P&C divisions

10th June 2022 - Author: Jack Willard

Great American Insurance Group has promoted two divisional presidents within its Specialty Property & Casualty (P&C) Group, in anticipation of planned retirements.

Great American InsuranceThe first promotion is Michael B. Mulvey, who has been named Divisional President within Great American’s FCIA – Trade Credit & Political Risk Division. He will succeed Phil Lally, who will retire in July after more than 31 years of distinguished service at the company.

Mulvey joined FCIA in 2012 as Divisional Vice President, where he led FCIA’s claim and recovery operations.

Moving forward to 2021, he was then promoted to Divisional Senior Vice President and was responsible for reinsurance, compliance and corporate governance, as well as serving on the Division’s Credit Committee.

Recently, Mulvey was also promoted to Divisional President within Great American’s FCIA – Trade Credit & Political Risk Division.

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All in all, Mulvey brings more than 30 years of experience with him towards his new position, with expertise in both claims and underwriting.

At the same time, Great American Insurance Group has also promoted Stephanie M. Hoboth to Divisional President within its Fidelity/Crime Division. She will succeed Frank Scheckton, who will retire in September after nearly 28 years of distinguished service at Great American.

Hoboth first joined Fidelity/Crime in 1997 as the division’s sixth employee and she has spent her entire career with Great American.

Over the course of her career at Great American Hoboth has held several leadership positions within the company, and she recently served as Divisional Senior Vice President, overseeing most Fidelity/Crime underwriting offices, its specialty underwriting group and IT functions.

Furthermore, she was also instrumental in developing numerous initiatives within the company, including a program business model, and the Kidnap and Ransom program.

She was also instrumental towards helping the company become the largest crime writer of Native American risks in the United States.

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